Huntington Exchange Providence
101 Cedar St,
Providence, RI 02903
$1,875 - $2,750 | 2-3 Beds
Olneyville
Providence, RI
Olneyville - Providence, RI
Area Guide
Niche Reviews 
A historic neighborhood with abundant modern amenities
Historic
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Restaurants
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Small Business
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Diverse
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Great Location
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Artistic
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Located about two miles west of Downtown Providence, neighboring Federal Hill, historic Olneyville is an urban neighborhood and a bustling commercial district. Olneyville once housed the state's costume jewelry industry and warehouses of downtown retailers. Today, Olneyville remains a vibrant hub with office buildings, grocery stores, museums, art galleries, and upscale loft apartments. Olneyville is known for its high-end industrial lofts, there are plenty of more affordable options as well. Although Olneyville is small, it has a large dining scene. This diverse neighborhood is home to authentic restaurants, mom-and-pop bakeries, and Olneyville New York System Restaurant, a landmark hot dog joint with several national recognitions. For more amenities, residents can easily travel to Downtown Providence or Federal Hill, which are both less than 15 minutes away.
Rent Trends
As of May 2025, the average apartment rent in Olneyville is $1,251 for a studio, $1,928 for one bedroom, $2,020 for two bedrooms, and $1,466 for three bedrooms. Apartment rent in Olneyville has increased by 7.1% in the past year.
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Studio
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807 sq ft
Average Sq Ft
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$1,251/month
Average Rent
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1 BR
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755 sq ft
Average Sq Ft
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$1,928/month
Average Rent
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2 BR
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936 sq ft
Average Sq Ft
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$2,020/month
Average Rent
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3 BR
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1,316 sq ft
Average Sq Ft
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$1,466/month
Average Rent
Transportation
85
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
47
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
76
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Reviews of Olneyville - Providence, RI
Niche Reviews
2 Reviews
Niche User
9 years ago•Niche Review
Your level of safety depends where you are. However, I don't consider anywhere in Providence particularly unsafe or more dangerous than any other place in Rhode Island or even America.
Points of Interest
Shopping Centers
Parks and Recreation
- Woonasquatucket River Greenway - Riverside Park
- Roger Williams National Memorial
- Providence Children's Museum
- Ladd Observatory
- Roger Williams Park Zoo
Military Bases
Airports
- Rhode Island Tf Green International
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Methodology
† 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.