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51 Apartments for rent in Providence, RI

Read Guide >
Last updated September 23 at 11:53AM
903 Providence Place Unit 247
Downtown Providence
Providence, RI
Updated September 23 at 11:09AM
1 Bedroom
$1,550
1 W EXCHANGE UNIT 2201 Street
Downtown Providence
Providence, RI
Updated September 21 at 1:18PM
2 Bedrooms
$4,885
400 Angell St
Wayland
Providence, RI
Updated September 18 at 9:14AM
8 Bedrooms
$9,500
1 W Exchange Street
Downtown Providence
Providence, RI
Updated September 21 at 1:18PM
1 Bedroom
$3,250
16 Aldrich Ter
Blackstone
Providence, RI
Updated September 6 at 10:02AM
2 Bedrooms
$1,800
37 Bergen St
Valley
Providence, RI
Updated September 22 at 7:15PM
2 Bedrooms
$850
403 Atwells Avenue
Federal Hill
Providence, RI
Updated August 30 at 3:10AM
3 Bedrooms
$1,600
225 Weybosset Street
Downtown Providence
Providence, RI
Updated September 23 at 10:39AM
1 Bedroom
$1,595
109 Pinehurst Avenue
Elmhurst
Providence, RI
Updated September 21 at 7:21PM
3 Bedrooms
$2,400
167 George St
College Hill
Providence, RI
Updated September 18 at 9:19AM
7 Bedrooms
$8,000
493 Hope St # 3F
Blackstone
Providence, RI
Updated September 1 at 9:19AM
3 Bedrooms
$1,650
340 River Avenue
Elmhurst
Providence, RI
Updated August 15 at 5:06AM
2 Bedrooms
$1,200
100 EXCHANGE Street
Downtown Providence
Providence, RI
Updated September 2 at 1:59AM
3 Bedrooms
$5,500
217 Plainfield Street
Silver Lake
Providence, RI
Updated September 21 at 1:43PM
2 Bedrooms
$750
323 Angell St
College Hill
Providence, RI
Updated September 17 at 9:19AM
7 Bedrooms
$9,000
100 EXCHANGE Street
Downtown Providence
Providence, RI
Updated August 15 at 5:06AM
2 Bedrooms
$3,475
124 Sheldon St
Fox Point
Providence, RI
Updated September 17 at 9:19AM
5 Bedrooms
$4,000
59 Hope St
Fox Point
Providence, RI
Updated September 18 at 9:19AM
2 Bedrooms
$1,400
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City Guide
Providence
What Do I need To Know About Providence?

Providence is the capitol of Rhode Island and was one of the first cities ever established in the US. Even though it’s old, it’s relatively small with a population of 171,909, but very densely populated as is typical of older cities along the east coast of the US. But, when you factor in neighboring areas (including south Massachusetts) it quickly becomes the 37th largest metropolitan area in the country.

Neighborhoods

Providence is a city made up of some 25 sub-neighborhoods or communities separated by streets or major thoroughfares/interstates. The first, and oldest, is the downtown area, which sits in the center of the other surrounding 24 communities and, as per usual, houses more offices than residents.

The most populous neighborhoods, however, are The “North End”, “South Side” and the “East Side,” all of which are larger, collective groupings of individual neighborhoods. The “North End” is comprised of Wanskuck and Charles; the “South Side” of Elmwood, South Elmwood, Lower South Providence, Upper South Providence and the West End; and the “East Side” of Blackstone, Hope, Mount Hope, College Hill, Wayland and Fox Point.

The other individual neighborhoods are College Hill, Elmhurst, Federal Hill, Hartford, Manton, Mount Pleasant, Olneyville, Reservoir, Silver Lake, Smith Hill, Valley, and Washington Park. Yes, yes, we know, that’s a lot to choose from. And no, don’t worry; we won’t cover all of these spots with a fine-tooth comb (We don’t want to bore you to tears, here).

What Are You Willing To Spend?

As always, cash is king. So it’s a good thing you’ve got that side business/faux charity based loosely off George Costanza’s “Human Fund”. But, if you do happen to have some coin and prefer the “finer things”, then check out the “East Side” neighborhood. The absolute cheapest amount you could spend on a one bedroom apartment in the “East Side” is $675.00 (very rare) but the general average for something solid is $850.00 per month which would increase based upon desired amenities and creature comforts, like a bidet for instance, easily the most underrated invention of our generation.

If you want to spend the “bare” minimum, you’d have to live on the South Side where $600.00-675.00 is the expected rent for a one bedroom dwelling.

Availability of Apartments

Apartments are obviously available year ‘round in all areas of town, but to get prime choice on the apartment of your dreams, May is the ideal month to look and book, especially in the “East Side” neighborhood. The standard term for a lease is a year, but some of the apartments are more flexible.

How Do I Get Around?

The RIPTA (Rhode Island Public Transport Authority) has been operating bus lines in and around Providence for almost 50 years, so the routes are well established and dependable. The RIPTA also runs a trolley service which specializes in routes throughout the downtown area. Since the interstate in Providence has been expanded and upgraded significantly over the last 20 years, more and more residents utilize private vehicles for travel. But since it is such a densely populated city, parking can be expensive and challenging.

All in all, Providence, Rhode Island is as close to an ideal city to rent an apartment in anywhere in the country. As a renter, it provides you literally every conceivable option as far as a living situation with varying prices and neighborhoods that can fit into any budget. You have plenty of options and neighborhoods to explore.

Rent Report
Providence

September 2017 Providence Rent Report

Welcome to the September 2017 Providence Rent Report. Providence rents declined over the past month. In this report, we'll evaluate trends in the Providence rental market, including comparisons to similar cities nationwide.

Providence rents declined over the past month

Providence rents have declined 0.8% over the past month, but have increased sharply by 7.0% in comparison to the same time last year. Currently, median rents in Providence stand at $1,030 for a one-bedroom apartment and $1,250 for a two-bedroom. Providence's year-over-year rent growth leads the state average of 4.9%, as well as the national average of 3.0%.

Providence rents more affordable than many large cities nationwide

As rents have increased in Providence, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Providence is still more affordable than most large cities across the country.

  • Providence's median two-bedroom rent of $1,250 is above the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 7.0% increase in Providence.
  • While Providence's rents rose over the past year, the city of Miami saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Providence than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is nearly two-and-a-half times the price in Providence.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.

Providence Renter Confidence Survey
National study of renter confidence in the economy, homeownership, and cities
Here's how Providence ranks on:
B- Overall satisfaction
B+ Safety and crime rate
A+ Confidence in the local economy
B- Plans for homeownership
B+ Recreational activities
B Quality of schools
A+ Commute time
C- State and local taxes
Best Worst
Full data available when viewing on a non-mobile device.
Overview of Findings

Apartment List has released Providence's results from the first annual Apartment List Renter Satisfaction Survey. The survey, which drew on responses from over 18,000 renters, provides new insights into what states and cities must do to meet the needs of the 105 million American renters nationwide.

"Providence renters report slightly below average city satisfaction, despite optimism about the local economy," says Andrew Tam, Vice President of Data Science at Apartment List. "The US renter population is at its highest level in 20 years, and bullishness about Providence's local economy should be a positive signal to renters."

Key findings in Providence include the following:

  • Providence renters give their city a B- for satisfaction, which places it at 54th place out of 100 cities in the US.
  • Renters gave Providence very high marks for confidence in the local economy, with 47% of renters saying that it's on the right track. This ranks 3rd out of the 100 cities in our study.
  • 59% of Providence renters expect to purchase a house or apartment at some point in the future. That's barely lower than the national average of 60% and earned Providence a B- for plans for homeownership.
  • Renters in Providence are particularly happy with commute satisfaction giving the city an A+.
  • Providence's lowest grade is a C- for taxes with only 29% of respondents reporting satisfaction with state and local tax rates.
  • Boston received the highest grade in New England at an A+, while Providence received a B- and 3 Connecticut cities - Hartford, Bridgeport, and New Haven - received F's.
  • The top rated cities nationwide for city satisfaction were Plano, TX; Boston, MA; Arlington, VA; Austin, TX; and Torrance, CA. The lowest rated cities were Newark, NJ; New Haven, CT; Bridgeport, CT; Hartford, CT; and Columbia, SC.

A detailed report explaining the survey's methodology, analysis, and findings is available upon request. To obtain a copy, please email Andrew Tam, Apartment List's Vice President of Data Science, at andrew@apartmentlist.com.