Rental market snapshot for Newport, Minnesota

Newport, Minnesota Rental Property Market Overview

Newport, Minnesota is a small city located in Washington County, with a population of 4,328 as of 2021 according to the US Census. It is situated on the banks of the Mississippi River, and is known for its scenic views and outdoor activities. The city is home to a variety of parks, trails, and other recreational areas, making it a great place to explore and enjoy the outdoors. Newport is also home to a number of businesses, restaurants, and other amenities, making it a great place to live and work.

The average rent for an apartment in Newport is $1,844. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Newport Minnesota | Cost of Living

  • The most expensive ZIP code in Newport is 55055 with an average price of $2,248.
  • The cheapest ZIP code in Newport is 55055 with an average price of $2,248.

Newport ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155055$2,248

Live near Newport, Minnesota's Top Sights and Attractions

Lions Park is a scenic park located on the banks of the Mississippi River. It features a variety of recreational activities, including a playground, picnic areas, walking trails, and a fishing pier. The park also has a large open field, perfect for playing sports or flying kites. In the summer, visitors can take advantage of the park's swimming beach, and in the winter, they can enjoy ice skating on the frozen river. With its beautiful views and abundance of activities, Lions Park is a great place to spend a day outdoors.

Loveland Park is a picturesque park situated on the banks of a tranquil river. It features a variety of outdoor activities, including fishing, canoeing, and kayaking. There are also several hiking trails, picnic areas, and a playground for children. The park is surrounded by lush greenery and is a great spot for bird watching. Loveland Park also offers stunning views of the river and the surrounding countryside.

Newport Community Garden is a beautiful outdoor attraction located in a small town in Minnesota. It features a variety of lush gardens, including a rose garden, a butterfly garden, a vegetable garden, and a wildflower garden. There are also several walking paths and benches throughout the garden, allowing visitors to take in the beauty of the area. The garden is a great place to relax and enjoy the fresh air and natural beauty of the area.

Pioneer Park is a large outdoor recreational area located in a small town in Minnesota. It features a variety of activities for visitors to enjoy, including a large playground, a walking path, a picnic area, and a fishing pond. The park also has a variety of wildlife, including birds, deer, and other animals. Visitors can also enjoy a variety of outdoor activities, such as camping, hiking, and biking. The park also hosts a variety of events throughout the year, including concerts, festivals, and other special events.

Busy Beaver Park is a family-friendly park located in a small town in Minnesota. It features a large playground with swings, slides, and a sandbox, as well as a basketball court, a picnic area, and a walking path. The park also has a pond with a dock, where visitors can fish or take a leisurely stroll. The park is surrounded by lush trees and is a great place to relax and enjoy the outdoors.

Pig's Eye Lake Section is a popular outdoor destination located in Newport, Minnesota. It is a scenic spot with a variety of activities to enjoy, including fishing, boating, swimming, and camping. The lake is surrounded by lush green trees and is home to a variety of wildlife, making it a great spot for bird watching. The lake also has a beach area and a playground for the kids. Visitors can also take advantage of the nearby trails for hiking and biking.

Oliver Overlook is a scenic overlook located on a bluff overlooking the Mississippi River. It offers stunning views of the river and the surrounding countryside. The overlook is accessible by a short hike up a winding path, and features a picnic area, benches, and interpretive signs. Visitors can also take in the sights of the nearby historic Oliver Mill, a former flour mill built in the late 1800s.

Newport, Minnesota area median rent change by ZIP code map

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How does Newport compare to other cities in Minnesota?

citymedian price
Vadnais Heights$2,595
Dayton$2,245
Prior Lake$2,103
Mound$1,960
Andover$1,875
Robbinsdale$1,695
Forest Lake$1,536
Albert Lea$1,325
Mankato$1,230

Average household income in Newport area graph - US Census

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The median household income in Newport in 2021 was $58,455. This represents a 7.4% change from 2011 when the median was $54,438.

#categorypercent
0Less than $10,0007.1%
1$10,000 to $14,9993.3%
2$15,000 to $19,9993.5%
3$20,000 to $24,9993.7%
4$25,000 to $29,9993.9%
5$30,000 to $34,9994.9%
6$35,000 to $39,9992.2%
7$40,000 to $44,9999.2%
8$45,000 to $49,9992.3%
9$50,000 to $59,99912.5%
10$60,000 to $74,9996.2%
11$75,000 to $99,99915.1%
12$100,000 to $124,9999.2%
13$125,000 to $149,9999.5%
14$150,000 to $199,9994.9%
15$200,000 or more2.4%

Neighborhoods in Newport

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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.

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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.

As of February , the average rent in Newport is $1,844.
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