Rents are 8% below what Newport's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,156 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 →
12-month history
Last updated: August 17, 2026
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Newport, RI has changed in 5 years
Compared with 2021, rent in Newport, RI has increased by $962 per month, settling near $3,156 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 31.8 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.
Discussions about Newport
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Can you afford rent in Newport on your salary?
At $3,156/mo, how Newport rent compares to typical pay (30% rule).
Newport rent by bedroom count
Median rent for each apartment size in Newport. Click any size for full breakdown.
Tips for renters in Newport
Last updated: August 17, 2026
The median rent in Newport is $3,156/mo as of August 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 44% of local median household income ($86,313/yr), Newport ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.7% over the past year.
Frequently asked questions
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Is rent going up or down in Newport?
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What percentage of Newport residents rent vs. own?
How does Newport rent compare to the national average?
At $3,156/mo, rent takes ~44% of Newport's median household income ($86,313/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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