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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 6/13/2024

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Local Guide

See what Newport, RI has to offer.

Local Reviews

I like that it is very pretty and has such a historical significance for my area.

Demographics

Education

High School

19%

Associate's

17%

Bachelor's

44%

Master's

17%

Doctorate

2%

Family Size

2 people

52%

3 people

28%

4 people

13%

5 people

7%

6+ people

0%

Household Income

0-50k

26%

50-100k

31%

100-150k

24%

150-200k

9%

200k+

9%

Age

0-10

7%

10-20

4%

20-45

48%

45-65

20%

65+

21%

Affordability

Percentage: 4/54/5

Renters gave this area a 4 out of 5 for affordability

Last updated 6/13/2024

*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 Fifth Ward, 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 Fifth Ward, 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 6/13/2024

Cost of Living

Compared to State Average

0%

Compared to National Average

8%

The cost of living in Fifth Ward, Newport, RI is 0% higher than the state average and 8% higher than the national average. Fifth Ward, 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 Fifth Ward, 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 Fifth Ward, 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%
East Providence$1,697-53%
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%
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%
East Providence$1,910+2%
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%
Milford$2,855+63%
Bristol$2,700+29%
Franklin$2,587+7%
East Providence$2,562+28%
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--

Transportation

Commute Time

0-15 Mins

44%

15-30 Mins

30%

30-40 Mins

6%

40-60 Mins

8%

60+ Mins

12%

Area Amenities

Top Score

Grocery Stores

1.5/5 stars based on undefined reviews

This supermarket score is far from superior.

  1. Few grocery stores per resident
  2. An average number of grocery stores
  3. A standard number of grocery stores compared to areas of a similar size

Restaurants

1.5/5 stars based on undefined reviews

Better stock your pantry because the restaurant scene is paltry.

  1. Few restaurants per resident
  2. 16% fewer restaurants than average
  3. 28% more restaurants than areas of a similar size

Coffee

1.5/5 stars based on undefined reviews

Stock up on your home beans, because this place is out of brew.

  1. Few coffee shops per resident
  2. An average number of coffee shops
  3. A standard number of coffee shops compared to areas of a similar size

Nightlife

1.5/5 stars based on undefined reviews

Disco is definitely dead around here.

  1. Few bars and clubs per resident
  2. An average number of bars and clubs
  3. A standard number of bars and clubs compared to areas of a similar size

Parks

1.5/5 stars based on undefined reviews

Room for improvement. More parks please.

  1. Few parks per resident
  2. An average number of parks
  3. A standard number of parks compared to areas of a similar size

Childcare

1.5/5 stars based on undefined reviews

Calling all caregivers: childcare options around here are a bit scarce.

  1. Few daycares per resident
  2. An average number of daycares
  3. A standard number of daycares compared to areas of a similar size

Retail Shops

1.5/5 stars based on undefined reviews

This place is great for recovering shopaholics - a low retail score.

  1. Few shops per resident
  2. An average number of shops
  3. A standard number of shops compared to areas of a similar size

Health and Fitness

1.5/5 stars based on undefined reviews

Do you even lift, bro? Fifth Ward Newport is weak on fitness.

  1. Few gyms per resident
  2. An average number of gyms
  3. A standard number of gyms compared to areas of a similar size

Pet Services

1.5/5 stars based on undefined reviews

We're not mutts about Fifth Ward Newport.

  1. Few pet facilities per resident
  2. An average number of pet facilities
  3. A standard number of pet facilities compared to areas of a similar size

Theaters

1.5/5 stars based on undefined reviews

Intermission much? Fifth Ward Newport is low on theater choices.

  1. Few theaters per resident
  2. An average number of theaters
  3. A standard number of theaters compared to areas of a similar size

Fine Arts

1.5/5 stars based on undefined reviews

An all around mediocre performance for art.

  1. Few fine art centers per resident
  2. An average number of fine art centers
  3. A standard number of fine art centers compared to areas of a similar size

Medical Care

1.5/5 stars based on undefined reviews

The lack of medical care round here is a little hard to swallow

  1. Few medical facilities per resident
  2. 26% fewer medical facilities than average
  3. 80% more medical facilities than areas of a similar size

Gas Stations

1.5/5 stars based on undefined reviews

Fasten your seat belt, it's a long way to get gas.

  1. Few gas stations per resident
  2. An average number of gas stations
  3. A standard number of gas stations compared to areas of a similar size

Schools

Percentage: 2/52/5

School Score

How satisfied do renters feel with the schools in this area.

Top Schools in Fifth Ward Newport

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

Find Houses in Nearby Cities

City1 Bed Price2 Beds Price
Newport, RI 1.3 miles$2,200$3,000
Jamestown, RI 3.1 miles---$2,700
Narragansett, RI 7 miles$1,850$2,000
Middletown, RI 5.2 miles$2,300$1,800
Warwick, RI 15.5 miles$1,497$2,024
Providence, RI 24.8 miles$2,022$2,165
Fall River, MA 17.9 miles$1,690$1,975
Cranston, RI 22.1 miles$1,347$2,100
Portsmouth, RI 9.6 miles$2,000$2,500
North Kingstown, RI 9.4 miles$1,035$1,250

Find Houses in Nearby Neighborhoods

Neighborhood1 Bed Price2 Beds Price
Fifth Ward$2,000$2,800
Downtown 1.3 miles$2,350$3,200
Broadway 1.9 miles$1,800$2,500
Eustis-Easton's Pond 1.9 miles$1,200$2,200
Memorial Boulevard 0.9 miles$2,000$3,000
The Point 1.6 miles$2,200$2,600
Ocean Drive 1.5 miles------