Regency Plaza
1 Regency Plaza,
Providence, RI 02903
$1,790 - $6,810 | Studio - 3 Beds
Downtown Providence is a charming commercial district that packs big-city entertainment, attractions, and culture into a quaint space. The Woonasquatucket and Moshassuck Rivers converge into the Providence River, flowing right through the city center, adding picturesque waterfronts to the neighborhood. The city’s well-preserved architecture adds to the city’s charm and keeps its rich history alive.
Situated in the heart of Providence, Downcity (as the locals call it) attracts a variety of renters, from urban professionals and families to college students seeking a vibrant, walkable neighborhood close to everything Providence has to offer. With a nationally ranked design school and top culinary school within its borders, Downtown Providence has a thriving arts scene and a bevy of innovative restaurants that give credence to the city’s nickname, the “Creative Capital.”
An image of the metro area in Downtown Providence.
As of April 2025, the average apartment rent in Downtown Providence is $1,967 for a studio, $2,369 for one bedroom, $3,358 for two bedrooms, and $3,870 for three bedrooms. Apartment rent in Downtown Providence has decreased by -1.6% in the past year.
Studio
618 sq ft
Average Sq Ft
$1,967/month
Average Rent
1 BR
725 sq ft
Average Sq Ft
$2,369/month
Average Rent
2 BR
1,051 sq ft
Average Sq Ft
$3,358/month
Average Rent
3 BR
1,524 sq ft
Average Sq Ft
$3,870/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Excellent Transit
out of 100 TransitScore® Rating
You’ll have excellent transit living in this area, with several nearby transit stops.
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.