Olneyville

Providence, RI

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Olneyville - Providence, RI Area Guide

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A historic neighborhood with abundant modern amenities

Historic Restaurants Small Business Diverse Great Location Artistic

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 April 2026, the average apartment rent in Olneyville is $1,260 for a studio, $1,905 for one bedroom, $2,143 for two bedrooms, and $1,973 for three bedrooms. Apartment rent in Olneyville has increased by 9.1% in the past year.

  • Studio

  • 820 sq ft

    Average Sq Ft

  • $1,260/month

    Average Rent

  • 1 BR

  • 783 sq ft

    Average Sq Ft

  • $1,905/month

    Average Rent

  • 2 BR

  • 968 sq ft

    Average Sq Ft

  • $2,143/month

    Average Rent

  • 3 BR

  • 1,291 sq ft

    Average Sq Ft

  • $1,973/month

    Average Rent

Getting Around

Very Walkable

Walkability

80 / 100

Some Public Transit

Transit

40 / 100

Moderately Drivable

Drivability

60 / 100

Moderately Bikeable

Bikeability

60 / 100

Daily Essentials

Supermarket Within a 5 Minute Walk

Groceries

90 / 100

Good Restaurant Variety Nearby

Restaurants

70 / 100

Good Café Variety Nearby

Cafes

60 / 100

Good Variety of Shops Nearby

Shopping

60 / 100

Recreation

Very Large Amount of Park Space Nearby

Parks

80 / 100

Good Wellness Amenity Variety Nearby

Wellness

60 / 100

Local Vibe

Vibrant Atmosphere at Times

Vibrancy

50 / 100

Fair Nightlife Variety Nearby

Nightlife

50 / 100

Not Noisy

Quiet Score

90 / 100

Reviews of Olneyville - Providence, RI

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3 2 Reviews

Niche User

9 years and 10 months agoNiche 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.

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Points of Interest

Parks and Recreation

  • Woonasquatucket River Greenway - Riverside Park
  • Roger Williams National Memorial
  • Providence Children's Museum
  • Ladd Observatory
  • Roger Williams Park Zoo

Airports

  • Rhode Island Tf Green International

Top Apartments in Olneyville

Houses for Rent in Olneyville

Property Management Companies

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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 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.