34 Savings St
34 Savings St,
Providence, RI 02907
$2,700
3 Beds
Elmwood occupies a small triangular patch located about two miles southwest of Downtown Providence. This small neighborhood is one of the city’s most diverse communities, which is reflected in Elmwood’s eclectic restaurants and active cultural and community organizations. Elmwood is known for its global eateries serving up authentic dishes. Join locals for pot-stickers, bubble tea, fried plantains, pizza, and more.
Featuring affordable to more upscale rentals, you’ll notice charming triple-decker apartments and stately Victorian-style houses converted into single-family homes in Elmwood. The abundance of spacious apartments in these architecturally unique homes continue to attract renters every year, especially since it boasts some of the most affordable rental prices in the city. Residents also enjoy proximity to Roger Williams Park, which located directly south of Elmwood. Roger Williams Park provides residents with plenty of recreational opportunities, which include walking paths, paddle boat rentals, a natural history museum, and a world-class zoo. Great for professionals and students, Elmwood is also convenient to Downtown Providence and College Hill, home to Brown University and the Rhode Island School of Design.
As of November 2025, the average apartment rent in Elmwood is $955 for one bedroom, and $1,028 for two bedrooms. Apartment rent in Elmwood has increased by 3.3% in the past year.
1 BR
469 sq ft
Average Sq Ft
$955/month
Average Rent
2 BR
250 sq ft
Average Sq Ft
$1,028/month
Average Rent
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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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 November 2025.