Most Affordable Neighborhoods in Providence, RI
Some of the cheapest neighborhoods in Providence are Manton, Washington Park, and Reservoir. These neighborhoods offer some of the lowest rent prices in Providence, making them ideal for renters on a budget. As of March 3, 2025, the average rent in Providence is $1,992, which is 1.9% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Manton
Average Rent
$1,300/Month
TransitScore® Rating
42/100
Units Available
1 Rentals
Manton is a top choice for budget-conscious renters for a variety of reasons. The average rent in Manton is $1,300 while the city average is $1,992. Residents enjoy convenient access to Providence College, Providence Children's Museum, and Rhode Island College. The neighborhood is considered walkable with a WalkScore® of 74.
Washington Park
Average Rent
$1,550/Month
TransitScore® Rating
46/100
Units Available
1 Rentals
When you’re looking for a great Providence neighborhood on a budget, check out Washington Park. The average rent is $1,550, compared to the city average of $1,992. Washington Park is convenient to Johnson & Wales Univ Downcity, Roger Williams Park Zoo, and Providence Children's Museum. The community is walkable with a WalkScore® of 73.
Reservoir
Average Rent
$1,590/Month
Year-Over-Year Rent Change
5.9%
TransitScore® Rating
42/100
Units Available
3 Rentals
Reservoir is an affordable neighborhood in Providence with an average rent price of $1,590. Compare this to the city average of $1,992. In the past year, rent prices have increased by 5.9%. Reservoir provides easy access to Museum of Natural History and Planetarium, Reservoir Plaza, and Roger Williams Park. It’s a somewhat walkable neighborhood with a WalkScore® of 68.
Charles
Average Rent
$1,600/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
43/100
Units Available
1 Rentals
If you’re looking for a great, affordable neighborhood in Providence, Charles might be the perfect place! It has an average rent price of $1,600, while the city’s average stands at $1,992. In the last year, prices have increased by 2.2%. Charles is near North Main Center, Valley Road Station, and Providence Children's Museum.
Lower South Providence
Average Rent
$1,695/Month
TransitScore® Rating
53/100
Units Available
2 Rentals
Lower South Providence is a top choice for budget-conscious renters for a variety of reasons. The average rent in Lower South Providence is $1,695 while the city average is $1,992. Residents enjoy convenient access to C.C. of Rhode Island, Liston, C.C. of Rhode Island, Downcity, and Rhode Island Tf Green International. The neighborhood is considered walkable with a WalkScore® of 78.
Mt Hope
Average Rent
$1,734/Month
Year-Over-Year Rent Change
9.2%
TransitScore® Rating
55/100
Units Available
7 Rentals
When you’re looking for a great Providence neighborhood on a budget, check out Mt Hope. The average rent is $1,734, compared to the city average of $1,992. Rent prices have decreased by 9.2%. Mt Hope is convenient to Providence College, Lincoln Woods State Park, and Providence Children's Museum. The community is walkable with a WalkScore® of 82.
Wanskuck
Average Rent
$1,800/Month
TransitScore® Rating
41/100
Units Available
3 Rentals
Wanskuck offers budget-conscious renters a peaceful environment with local parks. Wanskuck Park features sports facilities, walking paths, and playgrounds. The neighborhood’s easy access to Route 146 makes commuting straightforward.
Wayland
Average Rent
$1,950/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
44/100
Units Available
4 Rentals
Wayland is an affordable neighborhood in Providence with an average rent price of $1,950. Compare this to the city average of $1,992. In the past year, rent prices have increased by 0.7%. Wayland provides easy access to The Shops at Riverview, Braintree Station, and C.C. of Rhode Island, Downcity. It’s a walkable neighborhood with a WalkScore® of 91.
Federal Hill
Average Rent
$1,983/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
67/100
Units Available
17 Rentals
Federal Hill provides cost-effective housing in a lively area known for its culinary scene. Atwells Avenue features numerous Italian restaurants, cafes, and specialty shops. DePasquale Square, with its beautiful fountain, serves as a charming gathering spot.
Blackstone
Average Rent
$1,992/Month
TransitScore® Rating
41/100
Units Available
2 Rentals
Blackstone combines affordability with scenic beauty along the Seekonk River. Blackstone Boulevard, with its tree-lined walking path, is perfect for leisurely strolls. The nearby Blackstone Park Conservation District provides additional outdoor activities.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.