Rental market snapshot for Newport, Rhode Island

Newport, Rhode Island Rental Property Market Overview

Newport, Rhode Island is a coastal city located in the state of Rhode Island. According to the US Census, Newport has a population of 25,156 as of 2021. The city is known for its beautiful beaches, historic architecture, and vibrant culture. It is home to many attractions such as the Newport Mansions, the Cliff Walk, and the International Tennis Hall of Fame. Newport is a popular destination for tourists and locals alike, offering a variety of activities and attractions for all ages.

The average rent for an apartment in Newport is $2,282. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by -8.2% over the past year.

Last Updated January 31, 2023

Average monthly rent graph in Newport Rhode Island | Cost of Living

  • The most expensive ZIP Code in Newport is 02840 with an average price of $2,500
  • The cheapest ZIP Code in Newport is 02840 with an average price of $1,800

Newport ZIP Codes with the highest, most expensive rent

#zip codeaverage rent
102840$2,500

Live near Newport, Rhode Island's Top Sights and Attractions

Fishermans Memorial State Park is a beautiful coastal park located in Rhode Island. It offers stunning views of the Atlantic Ocean, as well as a variety of recreational activities. Visitors can enjoy swimming, fishing, and boating in the park's sheltered harbor. There are also picnic areas, walking trails, and a playground for children. The park also features a memorial to fishermen who have lost their lives at sea.

Brenton Point State Park is a beautiful coastal park located on the northern tip of Aquidneck Island in Rhode Island. It offers stunning views of the Atlantic Ocean and Narragansett Bay. Visitors can enjoy a variety of activities, including fishing, swimming, and picnicking. There are also several trails that wind through the park, offering visitors the opportunity to explore the natural beauty of the area. The park also features a historic lighthouse, which is open to the public for tours.

Cliff Walk is a 3.5 mile long public access walkway along the shoreline of Newport, Rhode Island. It offers stunning views of the Atlantic Ocean and the historic mansions of Newport's Gilded Age. The walkway is a combination of paved and natural paths, with some sections of the walkway offering a more rugged experience. Along the way, visitors can take in the sights of the rocky shoreline, the crashing waves, and the grandiose mansions.

Fort Adams is a 19th century coastal fortification located on the coast of Rhode Island. It is the largest coastal fortification in the United States and is a popular tourist destination. The fort is home to a museum, which showcases the history of the fort and its role in the defense of the United States. Visitors can also explore the grounds of the fort, which include a parade ground, a moat, and a drawbridge. The fort also offers stunning views of the harbor and the surrounding area.

The Breakers is a grand, Gilded Age mansion located on a sprawling estate overlooking the Atlantic Ocean. Built in the late 19th century, the 70-room Italian Renaissance-style palazzo is a National Historic Landmark and a popular tourist attraction. The mansion is filled with lavish furnishings, artwork, and antiques, and features a grand staircase, a marble loggia, and a terraced garden. Visitors can explore the mansion and its grounds, and learn about the history of the Vanderbilt family who once owned the estate.

Miantonomi Park is a scenic hilltop park located on the east side of Aquidneck Island. It offers spectacular views of Narragansett Bay, the Sakonnet River, and the surrounding area. The park features a variety of recreational activities, including walking trails, picnic areas, playgrounds, and a fishing pier. There is also a memorial to the Narragansett chief Miantonomi, who once lived in the area. The park is a popular spot for locals and visitors alike, and is a great place to enjoy a peaceful day outdoors.

Gooseberry Beach is a picturesque beach located on the coast of Rhode Island. It is a popular spot for swimming, sunbathing, and fishing. The beach is surrounded by rocky cliffs and offers stunning views of the ocean. The beach is also home to a variety of wildlife, including seagulls, crabs, and other marine life. The beach is also known for its calm waters, making it a great spot for swimming and other water activities.

Marble House is a Gilded Age mansion located on Bellevue Avenue. It was built in 1892 by architect Richard Morris Hunt for Alva and William Vanderbilt. The mansion is made of marble and features a grand entrance hall, a grand staircase, and a large ballroom. The exterior of the house is adorned with sculptures, terraces, and gardens. Inside, the house is filled with art and antiques, including a large collection of French furniture. The house is open to the public for tours and special events.

Exploration Center & Aquarium Save The Bay is an interactive educational center and aquarium located on the waterfront. Visitors can explore the marine life of Narragansett Bay through interactive exhibits, touch tanks, and live animal displays. The aquarium also offers a variety of educational programs, including guided tours, hands-on activities, and lectures. The center also features a gift shop and cafe.

Bailey Beach is a picturesque beach located on the coast of Rhode Island. It is known for its stunning views of the Atlantic Ocean, its white sand beaches, and its rocky shoreline. The beach is a popular spot for swimming, sunbathing, and fishing. It also offers a variety of amenities, including restrooms, showers, and picnic areas. Visitors can also enjoy a variety of activities, such as kayaking, paddleboarding, and beach volleyball.

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Newport, Rhode Island area median rent change by ZIP Code map

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How does Newport compare to other cities in Rhode Island ?

citymedian price
Westerly$2,200
West Warwick$1,540
Warwick$1,920
Riverside$1,711
Riverside$1,665
Coventry$1,540
Pawtucket$1,660
West Warwick$1,260
Warren$2,000

Average household income in Newport area graph - US Census

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The median household income in Newport in 2021 was $68,201. This represents a 17.4% change from 2011 when the median was $58,080.

#categorypercent
0Less than $10,0007.5%
1$10,000 to $14,9994.6%
2$15,000 to $19,9994.0%
3$20,000 to $24,9992.7%
4$25,000 to $29,9996.9%
5$30,000 to $34,9993.8%
6$35,000 to $39,9993.7%
7$40,000 to $44,9993.2%
8$45,000 to $49,9993.9%
9$50,000 to $59,9995.1%
10$60,000 to $74,9998.7%
11$75,000 to $99,99911.1%
12$100,000 to $124,9998.7%
13$125,000 to $149,9998.2%
14$150,000 to $199,9999.6%
15$200,000 or more8.3%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.
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