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Downtown apartments for rent - Providence, RI

Beds

157 Apartments

Average Rent in Providence, RI

Avg. RentAnnual Change
Providence Studio - $1,437+10%
Providence 1 Bed - $2,075+1%
Providence 2 Beds - $2,800+17%

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Local Guide

See what Providence, RI has to offer.

Local Reviews

i can barely afford it, but it does have many good restaurants too many bars blah blah blah i don't have anything else to say

I have no idea. My favorite businesses are & 11 and the liquor store. I don't go anywhere with anyone.

There are so many places to go shopping in my neighborhood, I can hang out with my close friends, and the restaurants nearby are really good.

We live close to public transport we have nice schools and quiet streets safe to walk your dog lots of families with kids and everyone keeps there yard up

Demographics

Education

High School

38%

Associate's

12%

Bachelor's

21%

Master's

20%

Doctorate

9%

Family Size

2 people

83%

3 people

14%

4 people

2%

5 people

2%

6+ people

0%

Household Income

0-50k

59%

50-100k

16%

100-150k

7%

150-200k

5%

200k+

13%

Age

0-10

3%

10-20

26%

20-45

42%

45-65

17%

65+

12%

Affordability

Percentage: 3/53/5

Renters gave this area a 3 out of 5 for affordability

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown, Providence, RI

In Providence, RI, as of 2024, the average rent for apartments ranges from $1,437 to $2,800. Specifically, the average rent for a studio apartment in Downtown, Providence, RI is $1,437. For those seeking a 1-bedroom apartments, the average rent is $2,075. And for a 2-bedroom apartment, renters can expect to pay an average of $2,800.

Annual Rent Change Over the Past 12 Months

Studio

+10%

Changed from $1,306 to $1,437
1 Bed

+1%

Changed from $2,054 to $2,075
2 Beds

+17%

Changed from $2,393 to $2,800

Cost of Living

Compared to State Average

0%

Compared to National Average

8%

The cost of living in Downtown, Providence, RI is 0% higher than the state average and 8% higher than the national average. Downtown, Providence, RI housing is 17.8% more expensive than the U.S average, while utilities are about 19.8% more pricey. When it comes to basic necessities such as food and clothing, groceries are around 1.7% more in Downtown, Providence, RI than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 6.2% more here compared to the U.S. average.
Cost of Living in Downtown, Providence, RICompared to State AverageCompared to National Average
Housing
0%
17.8%
Utilities
0%
19.8%
Food
0%
1.7%
Transportation
0%
5.5%
Healthcare
0%
6.2%

Compare Other Cities

CityStudio Avg RentAnnual Change
Boston$3,334-2%
Cambridge$3,299+17%
Chestnut Hill$3,160-9%
Jamaica Plain$2,900+2%
Brighton$2,811+41%
Brookline$2,575+3%
Somerville$2,555+19%
Dorchester$2,288--
Quincy$2,285-1%
Allston$2,275-1%
Roxbury$1,9000%
Newton$1,8500%
Providence$1,437+10%
Worcester$1,425-11%
City1 Bed Avg RentAnnual Change
Charlestown$5,169-6%
Boston$4,107-2%
Cambridge$3,816+1%
Roxbury$3,700+28%
Chestnut Hill$3,610+4%
Brighton$3,363+35%
Jamaica Plain$3,222+9%
Somerville$3,081-7%
South Boston$2,937+1%
Norwood$2,865-7%
Brookline$2,8250%
Newton$2,750-12%
Quincy$2,700-1%
Allston$2,675-24%
Dorchester$2,519--
Providence$2,075+1%
Worcester$1,8120%
City2 Beds Avg RentAnnual Change
Boston$5,587+6%
Allston$4,925+9%
Cambridge$4,860-1%
Chestnut Hill$4,645-2%
Brighton$4,642+68%
Roxbury$4,145+2%
Jamaica Plain$3,950+4%
Somerville$3,702+16%
Brookline$3,6500%
Quincy$3,560+10%
Norwood$3,499+8%
South Boston$3,447-2%
Dorchester$3,199--
Newton$3,000-20%
Providence$2,800+17%
Worcester$2,179+9%

Compare Neighborhoods

West End Providence

$1,100

1 Bed Avg. Rent

Wanskuck

$1,200

1 Bed Avg. Rent

Olneyville

$1,400

1 Bed Avg. Rent

What are the most affordable neighborhoods in Providence, RI?

For renters in Providence seeking more affordable options, the neighborhoods to watch are West End Providence, Wanskuck, and Olneyville, where average rents for 1-bedroom apartments stand at $1,100, $1,200, and $1,400 respectively. Additional areas offering value are Silver Lake and Crompton, where the rents are $1,400 and $1,500, a favorable comparison to Providence's overall 1-bedroom average of $2,075.

What are the most expensive neighborhoods in Providence, RI?

In Providence, the neighborhoods commanding the highest rents are College Hill, Elmwood, and Fox Point. A 1-bedroom apartment in College Hill averages at $2,529, in Elmwood it averages $2,500, and in Fox Point, the average is $2,400. For additional high-end living options, Greystone offers 1-bedroom apartments at $2,150, and East Side at $2,000. These rates compare to the overall average rent of $2,075 for a 1-bedroom apartment in Providence, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Providence, RI?

In Providence, the most sought-after neighborhoods for renters include Smith Hill, Valley, and Jewelry District. In Smith Hill, the average rent for a 1-bedroom apartment is $1,750. Valley sees average rents of $1,917 for a 1-bedroom unit. Jewelry District offers similar appeal with 1-bedroom apartments averaging $1,625. For those seeking other popular areas, Federal Hill presents 1-bedroom apartments at $1,650, and Mt. Hope at $1,600. These prices are set against the backdrop of the city-wide average of $2,075 for a 1-bedroom apartment in Providence, underscoring the popularity of these particular neighborhoods.

NeighborhoodStudio Avg RentAnnual Change
Mt. Hope$3,449+47%
Downcity District$2,4120%
Federal Hill$1,750--
West Side$1,750--
Fox Point$1,650+27%
College Hill$1,3750%
East Side$1,337+3%
Wayland$1,2500%
Neighborhood1 Bed Avg RentAnnual Change
College Hill$2,529+45%
Elmwood$2,500--
Fox Point$2,400+66%
Greystone$2,150+4%
East Side$2,000+3%
Wayland$2,0000%
Valley$1,917-4%
Washington Park$1,900--
Thornton$1,880+17%
North End$1,750--
Smith Hill$1,750--
Federal Hill$1,650-8%
West Side$1,650-8%
Jewelry District$1,625--
Mt. Hope$1,600--
Crompton$1,500-4%
Olneyville$1,400--
Silver Lake$1,400--
Wanskuck$1,200--
West End Providence$1,100-48%
Neighborhood2 Beds Avg RentAnnual Change
College Hill$3,398+62%
Federal Hill$3,200+78%
Downcity District$3,160+8%
Smith Hill$2,975+86%
East Side$2,800+13%
Wayland$2,7250%
Blackstone$2,500-14%
West End Providence$2,400+7%
Valley$2,360+9%
Elmhurst$2,250-6%
Elmwood$2,200--
Thornton$2,090--
Greystone$2,075+4%
Fox Point$2,000--
Mt. Hope$1,900+6%
North End$1,850+16%
Charles$1,850+16%
West Side$1,8000%
Olneyville$1,800--
South Elmwood$1,800--
Crompton$1,750-4%
Manton$1,550--
Wanskuck$1,400-18%
Hartford$1,400--

Transportation

Commute Time

0-15 Mins

51%

15-30 Mins

29%

30-40 Mins

7%

40-60 Mins

6%

60+ Mins

7%

Transportation Scores

Percentage: 8888

Walk Score®

Walkable

Yes

Say 3 of 4 renters

Has Sidewalks

Yes

Say 2 of 4 renters

Percentage: 8080

Bike Score®

Bike Friendly

No

Say 3 of 4 renters

Percentage: 7777

Transit Score®

They Are Located Near Public Transportation

Yes

Say 3 of 4 renters

Need A Car

Yes

Say 2 of 4 renters

Area Amenities

Top Score

Coffee

4.5/5 stars based on undefined reviews

We're full of beans for Downtown Providence's coffee shop scene.

  1. A high number of coffee shops per resident
  2. 96% more coffee shops than average
  3. 53% more coffee shops than areas of a similar size

Nightlife

4.5/5 stars based on undefined reviews

Get your dance shoes on, Downtown Providence looks good for nightlife.

  1. A high number of bars and clubs per resident
  2. 96% more bars and clubs than average
  3. 60% more bars and clubs than areas of a similar size

Restaurants

3.5/5 stars based on undefined reviews

Rest assured, you won't go hungry around here.

  1. A high number of restaurants per resident
  2. 94% more restaurants than average
  3. 40% more restaurants than areas of a similar size

Parks

3.5/5 stars based on undefined reviews

You'll be living the park life in Downtown Providence.

  1. A high number of parks per resident
  2. 90% more parks than average
  3. 13% fewer parks than areas of a similar size

Theaters

3.5/5 stars based on undefined reviews

Downtown Providence is shaping up to be a big star in the theater scene.

  1. A high number of theaters per resident
  2. 96% more theaters than average
  3. 60% more theaters than areas of a similar size

Amusement Parks

3.5/5 stars based on undefined reviews

No spin here - Downtown Providence boasts a good number of amusement parks.

  1. A high number of amusement parks per resident
  2. 95% more amusement parks than average
  3. 60% more amusement parks than areas of a similar size

Hospitals

3.5/5 stars based on undefined reviews

Hearts skip to the beat of this place - a high score for hospitals.

  1. A high number of hospitals per resident
  2. 93% more hospitals than average
  3. A standard number of hospitals compared to areas of a similar size

Retail Shops

3/5 stars based on undefined reviews

If you love to shop, Downtown Providence is a good fit.

  1. A high number of shops per resident
  2. 94% more shops than average
  3. 23% more shops than areas of a similar size

Medical Care

3/5 stars based on undefined reviews

More of a gem than germ, this Downtown Providence is not too bad for medical care.

  1. A high number of medical facilities per resident
  2. 87% more medical facilities than average
  3. 17% fewer medical facilities than areas of a similar size

Health and Fitness

2.5/5 stars based on undefined reviews

Cardio is hale and hardy in Downtown Providence.

  1. A high number of gyms per resident
  2. 91% more gyms than average
  3. 10% more gyms than areas of a similar size

Pet Services

2.5/5 stars based on undefined reviews

Who's an ok boy? Downtown Providence doesn't deserve many treats.

  1. A high number of pet facilities per resident
  2. 84% more pet facilities than average
  3. 39% fewer pet facilities than areas of a similar size

Fine Arts

2.5/5 stars based on undefined reviews

It's just about fine for fine art. An average score.

  1. A high number of fine art centers per resident
  2. 94% more fine art centers than average
  3. 24% more fine art centers than areas of a similar size

Grocery Stores

2/5 stars based on undefined reviews

The food shops around here are few and far between.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Childcare

2/5 stars based on undefined reviews

Downtown Providence is low on childcare options so get on the waiting list early.

  1. Few daycares per resident
  2. 20% more daycares than average
  3. Far fewer daycares than areas of a similar size

Gas Stations

2/5 stars based on undefined reviews

Honk if you see a gas station.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Area Features

Near Downtown

Yes

Say 3 of 4 renters

Noise Late At Night

Yes

Say 2 of 4 renters

Area Has Litter

Yes

Say 2 of 4 renters

Mostly Older Buildings

Yes

Say 2 of 4 renters

Near Grocery Stores

Yes

Say 2 of 4 renters

Near Highways

Yes

Say 2 of 4 renters

Nearby Parks

Yes

Say 2 of 4 renters

Near Schools

Yes

Say 2 of 4 renters

Nice Views

Yes

Say 2 of 4 renters

Good Place To Raise A Family

Yes

Say 2 of 4 renters

Safe For Families

Yes

Say 2 of 4 renters

Well Lit

Yes

Say 2 of 4 renters

Maintained Yards

Yes

Say 2 of 4 renters

Busy Streets

Yes

Say 3 of 4 renters

Area Has Kids Play Outside

No

Say 3 of 4 renters

Mostly Newer Buildings

No

Say 3 of 4 renters

Pet Friendly

No

Say 3 of 4 renters

Area Has Potholes

Yes

Say 3 of 4 renters

Quiet Area

No

Say 3 of 4 renters

Tree Lined Streets

No

Say 3 of 4 renters

Schools

Percentage: 2/52/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Downtown Providence

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Apartments in Nearby Cities

City1 Bed Price2 Beds Price
Providence, RI 0.1 miles$2,075$2,800
Brown Station, RI 0.4 miles------
Cranston, RI 3.2 miles$1,347$2,050
East Providence, RI 2.2 miles$1,985$2,637
Friar Station, RI 2.1 miles------
Pawtucket, RI 4.2 miles$1,600$2,010
North Providence, RI 3.4 miles$2,150$2,075
Fall River, MA 15.6 miles$1,712$1,997
Warwick, RI 9.2 miles$1,497$2,059
Rumford, RI 3.5 miles$1,800$2,400

Find Apartments in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
East Side 1.5 miles$2,000$2,800
Federal Hill 0.9 miles$1,650$3,200
Fox Point 0.9 miles$2,400$2,000
College Hill 0.7 miles$2,529$3,398
Downcity District 0.1 miles---$3,160
West Side 1.8 miles$1,650$1,800
Wayland 1.5 miles$2,000$2,725
Jewelry District 0.5 miles$1,625---
North End 1.9 miles$1,750$1,850
West End Providence 1.4 miles$1,100$2,400