How much does it cost to rent in Newport, RI?

As of July 2026, the median monthly rent in Newport, RI is $3,163. This figure is based on aggregated data from public sources and community-submitted rents.

Is Newport cheaper than other Rhode Island cities?

Newport is one of the pricier cities in Rhode Island, ranking #4 out of 24 cities tracked at $3,163/mo.

When was Newport rent data last updated?

Newport rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · RI

Newport

Name: Average Rent Prices in Newport, RI
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 24,874·4th most expensive in Rhode Island·One of the pricier rental markets in the US

Median rent (all units)

$3,163/mo

Year-over-Year

+0.8%

Month-over-Month

-0.3%

vs US Median

+$1,198

Stable (Monthly)

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Most AffordableMost Expensive

Newport · $3,163

More expensive than 93% of US cities · National median $1,965/mo

Rent Reality Score

63/100

Good value

OverheatedFairGreat value

Rents are 7% below what Newport's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$3,163/mo

Expected by trend

$3,385/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

$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

Loading…

Last updated: July 20, 2026

Annual cost

$37,956/yr

At $3,163/mo median

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.8% YoY, -0.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

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 → $3,163

up 44.2%

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 $969 per month, settling near $3,163 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 32.2 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

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 $3,163/mo, how Newport rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 38.6% income

stretched

Elementary School Teacher

Avg $69,763/yr · Rent = 54.4% income

severely rent-burdened

Police Officer

Avg $80,361/yr · Rent = 47.2% income

rent-burdened

Software Developer

Avg $143,634/yr · Rent = 26.4% income

affordable

Lawyer

Avg $183,529/yr · Rent = 20.7% income

affordable

Firefighter

Avg $65,322/yr · Rent = 58.1% income

severely rent-burdened

Truck Driver

Avg $58,978/yr · Rent = 64.4% income

severely rent-burdened

Electrician

Avg $72,696/yr · Rent = 52.2% income

severely rent-burdened

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: July 20, 2026

The median rent in Newport is $3,163/mo as of July 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 0.8% over the past year.

FAQ

Frequently asked questions

Is Newport an affordable city for renters?

Newport is considered stretched for renters. At $3,163/mo, rent takes approximately 44% 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 $127,000/year (~$61/hour full-time) to afford the median rent of $3,163/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 0.8% over the past year as of July 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 #4 out of 24 tracked cities at $3,163/mo.

Which nearby cities are cheaper to rent in than Newport?

Several nearby cities have lower median rents than Newport ($3,163/mo): Narragansett ($2,653/mo), North Kingstown ($2,674/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 $3,163/mo is $1,198 (61%) above the US national median of $1,965/mo. Within Rhode Island, it ranks #4 out of 24 tracked cities.

Income Affordability

44%

STRETCHED

At $3,163/mo, rent takes ~44% of Newport's median household income ($86,313/yr). The standard benchmark is 30%.

Newport 44%Benchmark 30%

State income tax3.75–5.99%

Run the Newport affordability calculator →

Nearby cities