South Water St

This 800 sqft, 1 bedroom, 1 bathroom apartment is available for rent at $2,300 per month in a convenient downtown location.

Last checked on June 20, 2026. We may earn a commission when you click through.

This apartment offers a spacious layout but comes at a higher price point for the area.

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South Water St

500 South Water St, 500 S Water St Unit 305, Providence, RI 02903

Our verdict

This apartment offers a spacious layout but comes at a higher price point for the area.

Best for

Ideal for individuals or couples looking for a downtown living experience in Providence.

Watch out

Consider the monthly rent of $2,300, which may be steep compared to similar listings in the area.

Neighborhood guide

Providence's downtown area features a mix of culture, dining, and nightlife, making it a vibrant place to live.

Full review

The 1bd 1ba unit at 500 South Water St offers 800 sqft of living space, decent option for singles or couples. However, at $2,300 per month, it's priced higher than many comparable rentals in Providence.

Location-wise, this apartment is situated in a vibrant downtown area, offering easy access to restaurants, shops, and public transport. Yet, potential renters should weigh the cost against other options in nearby neighborhoods that may offer more value for the same price.

One notable aspect is the lack of pet-friendly policies, which may deter some renters. the absence of amenities like parking could be a drawback for those reliant on a vehicle. For those prioritizing convenience and urban living, this apartment might still be but it's essential to explore alternatives before making a decision.

According to the listing on Zillow, the apartment has been on the market for 41 days, which could indicate flexibility in negotiations on rent or lease terms. Overall, while it provides a modern living space, the high rent and limited amenities should be carefully considered against your budget and needs.

The bottom line

This 1 bedroom apartment in downtown Providence offers a spacious layout but at a premium price, making it suitable for those prioritizing location over cost.