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Average Rent in Newport, RI

Avg. RentAnnual Change
Newport Studio - $1,500-53%
Newport 1 Bed - $2,200+22%
Newport 2 Beds - $3,000-5%
Last updated 6/16/2024

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Local Guide

See what Newport, RI has to offer.

Affordability

Last updated 6/16/2024

*The rent information included in this summary is based on a median calculation of multifamily rental property inventory on Apartment Guide and Rent.com over the past 12-months and is for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.

Rent Trends

Average rent in Downtown, Newport, RI

In Newport, RI, as of 2024, the average rent for apartments ranges from $1,500 to $3,000. Specifically, the average rent for a studio apartment in Downtown, Newport, RI is $1,500. For those seeking a 1-bedroom apartments, the average rent is $2,200. And for a 2-bedroom apartment, renters can expect to pay an average of $3,000.

Annual Rent Change Over the Past 12 Months

Studio

-53%

Changed from $3,191 to $1,500
1 Bed

+22%

Changed from $1,803 to $2,200
2 Beds

-5%

Changed from $3,158 to $3,000
Last updated 6/16/2024

Cost of Living

Compared to State Average

0%

Compared to National Average

8%

The cost of living in Downtown, Newport, RI is 0% higher than the state average and 8% higher than the national average. Downtown, Newport, RI housing is 17.8% more expensive than the U.S average, while utilities are about 19.8% more pricey. When it comes to basic necessities such as food and clothing, groceries are around 1.7% more in Downtown, Newport, RI than in the rest of the country.

Healthcare services such as doctor check-ups and dentistry cost 6.2% more here compared to the U.S. average.
Cost of Living in Downtown, Newport, RICompared to State AverageCompared to National Average
Housing
0%
17.8%
Utilities
0%
19.8%
Food
0%
1.7%
Transportation
0%
5.5%
Healthcare
0%
6.2%

Compare Other Cities

CityStudio Avg RentAnnual Change
Falmouth$2,300--
New London$1,825--
Providence$1,725+31%
Warwick$1,569+1%
Pawtucket$1,540+16%
Newport$1,500-53%
Fall River$1,300-12%
Franklin$1,300--
Brockton$1,2950%
Norwich$1,2950%
Bristol$1,250--
Narragansett$1,200--
Groton$1,195--
Cranston$1,120+9%
City1 Bed Avg RentAnnual Change
Randolph$3,025-9%
Norwood$2,935+1%
Milford$2,570--
Plymouth$2,490-1%
Franklin$2,233+8%
Newport$2,200+22%
Falmouth$2,200+10%
Stoughton$2,175-49%
New London$2,040+77%
Providence$2,022-1%
Taunton$1,896+44%
Brockton$1,875+21%
Narragansett$1,850+12%
Wareham$1,841--
New Bedford$1,822+16%
Groton$1,7500%
Fall River$1,690+1%
Pawtucket$1,600--
Bristol$1,500--
Warwick$1,497+7%
Attleboro$1,400+33%
Westerly$1,400--
Cranston$1,347+3%
Norwich$1,0870%
City2 Beds Avg RentAnnual Change
Randolph$3,705-2%
Falmouth$3,500--
Newport$3,000-5%
Plymouth$2,907-5%
Norwood$2,874-14%
Milford$2,855+63%
Bristol$2,700+29%
Franklin$2,587+7%
Stoughton$2,430-59%
Wareham$2,209-34%
Brockton$2,175+14%
Providence$2,165-9%
Cranston$2,100+20%
New Bedford$2,100+5%
Warwick$2,024+31%
Pawtucket$2,010+22%
Narragansett$2,000-13%
Fall River$1,975+3%
Groton$1,942+13%
Attleboro$1,775+11%
Westerly$1,700--
New London$1,625+35%
Taunton$1,576-6%
Norwich$1,422+1%

Compare Neighborhoods

Eustis-Easton's Pond

$1,200

1 Bed Avg. Rent

Broadway

$1,800

1 Bed Avg. Rent

Fifth Ward

$2,000

1 Bed Avg. Rent

What are the most affordable neighborhoods in Newport, RI?

For renters in Newport seeking more affordable options, the neighborhoods to watch are Eustis-Easton's Pond, Broadway, and Fifth Ward, where average rents for 1-bedroom apartments stand at $1,200, $1,800, and $2,000 respectively. Additional areas offering value are Memorial Boulevard and The Point, where the rents are $2,000 and $2,200, a favorable comparison to Newport's overall 1-bedroom average of $2,200.

What are the most expensive neighborhoods in Newport, RI?

In Newport, the neighborhoods commanding the highest rents are Downtown, The Point, and Fifth Ward. A 1-bedroom apartment in Downtown averages at $2,350, in The Point it averages $2,200, and in Fifth Ward, the average is $2,000. For additional high-end living options, Memorial Boulevard offers 1-bedroom apartments at $2,000, and Broadway at $1,800. These rates compare to the overall average rent of $2,200 for a 1-bedroom apartment in Newport, highlighting the premium nature of these specific neighborhoods.

What are the most popular neighborhoods in Newport, RI?

In Newport, the most sought-after neighborhoods for renters include Broadway, Downtown, and The Point. In Broadway, the average rent for a 1-bedroom apartment is $1,800. Downtown sees average rents of $2,350 for a 1-bedroom unit. The Point offers similar appeal with 1-bedroom apartments averaging $2,200. For those seeking other popular areas, Eustis-Easton's Pond presents 1-bedroom apartments at $1,200, and Memorial Boulevard at $2,000. These prices are set against the backdrop of the city-wide average of $2,200 for a 1-bedroom apartment in Newport, underscoring the popularity of these particular neighborhoods.

Neighborhood1 Bed Avg RentAnnual Change
Downtown$2,350+7%
The Point$2,200--
Fifth Ward$2,000--
Memorial Boulevard$2,000+14%
Broadway$1,8000%
Neighborhood2 Beds Avg RentAnnual Change
Downtown$3,200-4%
Memorial Boulevard$3,000-40%
Fifth Ward$2,800-7%
The Point$2,600-2%
Broadway$2,500-9%
Eustis-Easton's Pond$2,200--

Schools

Top Schools in Downtown Newport

Information provided by GreatSchools. To verify school enrollment eligibility, contact the school district directly.

Find Houses in Nearby Cities

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Downtown$2,350$3,200
Fifth Ward 1.3 miles$2,000$2,800
Broadway 0.7 miles$1,800$2,500
The Point 0.5 miles$2,200$2,600
Eustis-Easton's Pond 0.9 miles$1,200$2,200
Memorial Boulevard 0.8 miles$2,000$3,000