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City Report · RI

Newport

Pop. 24,874·2nd most expensive in Rhode Island·Newport rents are up 8.4% over the past year
Median rent (all units)
$3,281/mo
Year-over-Year
+8.4%
Month-over-Month
Stable
vs US Median
+$1,351
Stable (Monthly)
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Most AffordableMost Expensive
Newport · $3,281
More expensive than 94% of US cities · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,670
1 BR
$1,680
2 BR
$2,210
3 BR
$2,950
4 BR+
$3,340
Research median
$2,210/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: May 30, 2026

Annual cost
$39,372/yr
At $3,281/mo median
Market timing
Rents stable
Prices holding steady month-over-month.
Rent Reality Score
52/100
Fairly priced
OverheatedFairGreat value

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

Actual rent
$3,281/mo
Expected by trend
$3,322/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 →
Demographics

Who lives here

Newport, RI is roughly split between renters and owners, skews toward younger working-age adults, 57.9% of residents hold a bachelor's degree or higher.

Population
24,874
Median income
$86,313
Median age
37.2
Renters
50.2%
Age distribution
13.4%
33.7%
20.2%
22.2%
Under 1813.4%
18–3433.7%
35–5420.2%
55–6410.5%
65+22.2%
Gender
47.2%
52.8%
Male47.2%
Female52.8%
Race & ethnicity
75.5%
White75.5%
Black6.7%
Hispanic10.5%
Asian2.7%
Other4.6%
Education (25+)
17.5%
20.8%
57.9%
No HS diploma3.8%
HS diploma17.5%
Some college20.8%
Bachelor's+57.9%
Housing tenure
49.8%
50.2%
Owner49.8%
Renter50.2%

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

2021 vs 2026

How Newport, RI has changed in 5 years

Rent
$2,194 → $3,281
up 49.5%
Income
$77,092 → $86,313
up 12.0%
Population
25,322 → 24,874
down 1.8%
Renter share
53.7% → 50.2%
-3.5 pts
Bachelor's+
54.8% → 57.9%
+3.1 pts
Median age
35.2 → 37.2
+2.0 yrs

Compared with 2021, rent in Newport, RI has increased by $1,087 per month, settling near $3,281 after starting the period at $2,194. Household income in the area moved from $77,092 to $86,313 across the same window, up 12.0% versus 2021. Rent outpaced income growth by roughly 37.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 25,322 to 24,874 between 2021 and 2024, a 1.8% change. About 50.2% of households rent today, against 53.7% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 54.8% to 57.9%. Reading these numbers side by side helps frame whether current listings in Newport, RI look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Newport on your salary?

At $3,281/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, RI

Last updated: May 30, 2026

The median rent in Newport is $3,281/mo as of May 2026. A studio apartment averages $1,670/mo while a 2-bedroom runs $2,210/mo. One-bedroom apartments average $1,680/mo and 3-bedroom units go for $2,950/mo.

At 46% of local median household income ($86,313/yr), Newport ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.4% over the past year.

FAQ

Frequently asked questions

Is Newport an affordable city for renters?

Newport is considered stretched for renters. At $3,281/mo, rent takes approximately 46% of the local median household income ($86,313/yr). The standard benchmark is 30%. Newport significantly exceeds that threshold, making it challenging for many renters.

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 $131,000/year (~$63/hour full-time) to afford the median rent of $3,281/mo in Newport. The local median household income is $86,313/yr, meaning the typical Newport household falls short of that threshold.

Is rent going up or down in Newport?

Rent in Newport has increased 8.4% over the past year as of May 2026, putting upward pressure on renter budgets.

How does Newport rent compare to other cities in Rhode Island?

Newport is one of the pricier cities in Rhode Island for rent, ranking #2 out of 21 tracked cities at $3,281/mo.

Which nearby cities are cheaper to rent in than Newport?

Several nearby cities have lower median rents than Newport ($3,281/mo): North Kingstown ($2,911/mo), Middletown ($3,105/mo), Narragansett ($3,125/mo).

What percentage of Newport residents rent vs. own?

According to Census data, approximately 50.2% of Newport households are renters, while 49.8% 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 $3,281/mo is $1,351 (70%) above the US national median of $1,930/mo. Within Rhode Island, it ranks #2 out of 21 tracked cities.
Affordability
46%
STRETCHED

At $3,281/mo, rent takes ~46% of Newport's median household income ($86,313/yr). The standard benchmark is 30%.

Newport 46%Benchmark 30%
State income tax3.75–5.99%
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, RI

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