Studio Apartments For Rent in Providence RI | Zillow (2024)

FAQs

Which is cheaper a studio apartment or an apartment? ›

Rent Prices

Rent for a studio apartment is usually less than other apartments on the market. You can save more money living in a studio apartment, or even move into your dream neighborhood. Even if you're not looking to save money, a studio apartment offers a more efficient and environmentally-friendly lifestyle.

Studio apartments are a smart choice financially. Because your space is smaller, it will take less time and energy to heat and cool in the winter and summer. It will also take less light to illuminate your space and you will have less room to place electric-sucking gadgets around your apartment.

Providence, Rhode Island's cost of living is 13% higher than the national average.

Disadvantages of a Studio Apartment

Many people find that they just can't fit their belongings in a studio apartment. Most don't have much storage space, which can leave you feeling very cramped and overwhelmed. Entertaining is a challenge. If you like to socialize at home, you might find it hard to do so in a studio.

Can you have a roommate in a studio apartment? In most cases, you can have a roommate in a studio apartment. Most occupancy standards state that two people per bedroom is acceptable, and a studio apartment is considered to be a self-contained unit with a bedroom.

The most dangerous areas in Providence are the Olneyville, West End, and Lower South Providence neighborhoods.

The Boston Cost of Living Index is 153.2, meaning it is 53.2% more expensive than the national average of 100. The Providence Cost of Living Index is 117.2% which means it is only 17.2% more expensive than the national average of 100 and 36% less expensive than Boston.

BRISTOL, R.I. (WPRI) — Bristol has once again been recognized as the safest town in Rhode Island, according to Safewise. The annual Safest Cities report revealed that Bristol's violent crime rate is 0.5 incidents per 1,000 residents, while its property crime rate is 3.2 per 1,000.

The cost of living in Providence is particularly striking, exceeding the national average by 12%. This higher cost of living, exacerbated by steep housing prices, can make homeownership and even renting more burdensome, affecting residents. Despite these high costs, there are affordable places to live in Rhode Island.

What salary do you need to live comfortably in RI? ›

$29,400 is the 25th percentile. Salaries below this are outliers. $40,200 is the 75th percentile.

If you're new to the area, you may be wondering if you need a car, considering the city is so compact. Getting around Providence without a car is entirely possible thanks to the small geographical size of the city, the public transportation available, and ride-sharing services.

A studio apartment could be a perfect choice if you value simplicity, affordability, and a cozy space that's easy to maintain. However, if you prefer more space, privacy, and a clear separation between your living and sleeping areas, a one-bedroom apartment would be the way to go.

How much should you save up for an apartment? As a general rule, you should have at least three times your rent saved before moving into a new apartment. That means that if you're looking to rent an apartment that's $1,200 per month, you should have at least $3,600 saved for rent.

Whether you are buying or renting, it can make a lot of sense to opt for a studio over a one bedroom, especially when living solo. A studio is typically much less expensive and that can help you stretch your budget into a neighborhood or fully amenitized building where you wouldn't be able to afford a larger apartment.

The main difference is that a studio flat has a single living space, with a separate bathroom, whereas a one bedroom flat has the bedroom in a separate room to the living area or lounge. Studio flats are usually smaller than one bedroom flats (but not always).