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City Report · KY

Newport

Pop. 13,967·12th most expensive in Kentucky·Newport rents are up 10.8% over the past year
Median rent (all units)
$1,587/mo
Year-over-Year
+10.8%
Month-over-Month
-1.7%
vs US Median
-$375
Falling (Monthly)
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Most AffordableMost Expensive
Newport · $1,587
More affordable than 70% of US cities · National median $1,962/mo
Rent Reality Score
50/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Newport's 10-year trend predicts.

Actual rent
$1,587/mo
Expected by trend
$1,584/mo
The Rent Reality Score compares today's median rent to where Newport's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$800
1 BR
$890
2 BR
$1,160
3 BR
$1,540
4 BR+
$1,700
Fair Market Rent (HUD)
$1,160/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,587 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$19,044/yr
At $1,587/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.8% YoY, -1.7% MoM), not inventory.
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Demographics

Who lives here

Newport, KY is roughly split between renters and owners, has a median income below the national average, 36.3% of residents hold a bachelor's degree or higher.

Population
13,967
Median income
$60,853
Median age
40.6
Renters
52.3%
Age distribution
12.1%
29.8%
24.3%
16.3%
17.4%
Under 1812.1%
18–3429.8%
35–5424.3%
55–6416.3%
65+17.4%
Gender
52.7%
47.3%
Male52.7%
Female47.3%
Race & ethnicity
84.6%
White84.6%
Black6%
Hispanic6.6%
Other2.4%
Education (25+)
24.9%
27.2%
36.3%
No HS diploma11.6%
HS diploma24.9%
Some college27.2%
Bachelor's+36.3%
Housing tenure
47.7%
52.3%
Owner47.7%
Renter52.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Newport, KY has changed in 5 years

Rent
$1,277 → $1,587
up 24.3%
Income
$44,095 → $60,853
up 38.0%
Population
14,378 → 13,967
down 2.9%
Renter share
51.6% → 52.3%
+0.7 pts
Bachelor's+
35.6% → 36.3%
+0.7 pts
Median age
38.4 → 40.6
+2.2 yrs

Rent in Newport, KY has increased 24.3% since 2022, going from about $1,277 per month to roughly $1,587 today. Census figures show median household income at $60,853 today, compared with $44,095 five years earlier. Income growth outran rent by about 13.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 14,378 to 13,967 between 2021 and 2024, a 2.9% change. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

Discussions about Newport

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View Newport rent history (2015–2026) →
Salary vs rent

Can you afford rent in Newport on your salary?

At $1,587/mo, how Newport rent compares to typical pay (30% rule).

By apartment size

Newport rent by bedroom count

Median rent for each apartment size in Newport. Click any size for full breakdown.

Local insights

Tips for renters in Newport

About renting in Newport, KY

Last updated: August 17, 2026

The median rent in Newport is $1,587/mo as of August 2026. A studio apartment averages $800/mo while a 2-bedroom runs $1,160/mo. One-bedroom apartments average $890/mo and 3-bedroom units go for $1,540/mo.

At 31% of local median household income ($60,853/yr), Newport ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.8% over the past year.

FAQ

Frequently asked questions

Is Newport an affordable city for renters?

Newport is considered moderate for renters. At $1,587/mo, rent takes approximately 31% of the local median household income ($60,853/yr). The standard benchmark is 30%. Newport slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Newport?

To keep rent at or below 30% of gross income, you would need to earn at least $63,000/year (~$30/hour full-time) to afford the median rent of $1,587/mo in Newport. The local median household income is $60,853/yr, meaning the typical Newport household falls short of that threshold.

Is rent going up or down in Newport?

Rent in Newport has increased 10.8% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Newport rent compare to other cities in Kentucky?

Newport is one of the pricier cities in Kentucky for rent, ranking #12 out of 36 tracked cities at $1,587/mo.

Which nearby cities are cheaper to rent in than Newport?

Several nearby cities have lower median rents than Newport ($1,587/mo): Fort Thomas ($1,386/mo), Southgate ($1,447/mo), Bellevue ($1,540/mo).

What percentage of Newport residents rent vs. own?

According to Census data, approximately 52.3% of Newport households are renters, while 47.7% are owner-occupied. With a majority renter population, Newport has a strong rental market.

How does Newport rent compare to the national average?

Newport's median rent of $1,587/mo is $375 (19%) below the US national median of $1,962/mo. Within Kentucky, it ranks #12 out of 36 tracked cities.
Income Affordability
31%
MODERATE

At $1,587/mo, rent takes ~31% of Newport's median household income ($60,853/yr). The standard benchmark is 30%.

Newport 31%Benchmark 30%
State income tax4%
Run the Newport affordability calculator →
Lowest-rent ZIP codes in Newport
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Newport, KY

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