Low Income Apartments and Affordable Housing For Rent in Providence, RI

Discover affordable housing in Providence where there are 187+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Delta Properties

5 Norwich Ave, Providence, Rhode Island 02905

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

1890 House

254 Washington St, Providence, Rhode Island 2903

Providence New City Assoc

104 Beacon Ave, Providence, Rhode Island 2903

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Omni Point Apartments

8 W Clifford St, Providence, Rhode Island 2907

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Elmwood Neigh. Revitilization II

Elmwood Neigh Revitilization Ii, Providence, Rhode Island 2907

Harvard Comstock II Apartments

Harvard Comstock Ii Apartments, Providence, Rhode Island 2905

Carlton Court Westside Apartments

Carlton Ct, Providence, Rhode Island 2908

switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

How To Identify Affordable Housing in Providence, Rhode Island

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Providence, Rhode Island
$32.06/hour
$18.06 (+129%) more than Rhode Island minimum wage and $24.81 (+342%) more than the Federal minimum wage.
Learn More About Providence, Rhode Island Affordable Housing ↓

What HUD offices serve Providence, Rhode Island?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Providence, Rhode Island.

Go to the Rhode Island Public Housing and Low-Income Apartments Waiting Lists page for openings near Providence.

How many renters live in Providence, Rhode Island?

The City of Providence has people living in households.

There are renters living in renter households in this City. Renters make up 49.8 percent of the population living in Providence.

What is the rental market like in Providence, Rhode Island?

There are an estimated housing units in the Providence area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Providence, Rhode Island, there are 1.07 rental units.

What is the vacancy rate for rentals in Providence?

The rental vacancy rate in Providence is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Providence for each bedroom size?

Occupied Rental Units by Size in Providence
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
4,890 11,962 13,961 10,252 1,050
Occupied Rental Units by Size in Providence

A large number of apartments in Providence have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Providence

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,289 to $2,536. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,289
One BR $1,398
Two BR $1,693
Three BR $2,047
Four BR $2,536
2024 Fair Market Rents in Providence, Rhode Island

How many units are rented at Fair Market Rent (FMR) in Providence?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 2,431 50 percent
One BR 8,904 74 percent
Two BR 8,097 58 percent
Rental Units Below FMR in Providence, Rhode Island

How many affordable rental units are in Providence?

There are a variety of federal affordable housing programs serving households in Providence, Rhode Island including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Mod Rehab Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Providence, Rhode Island

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Providence, Rhode Island

Providence features 7,316 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Providence, Rhode Island

There are 2,741 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Providence.

Housing Choice Vouchers in Providence, Rhode Island

On average, Section 8 Housing Choice vouchers pay Providence landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Providence.

The maximum amount a voucher would pay on behalf of a low-income tenant in Providence, Rhode Island for a two-bedroom apartment is between $1,524 and $1,862.

Sourced from federal housing data and AffordableHousingOnline.com research.

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