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Newest Homes for Rent in Newport, RI

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  • /54

    Starting at $1,900 Per Month

    • 1 - 4 Beds

    195 Admiral Kalbfus Rd, Newport, RI 02840

    Newport Living: Re-Imagined. The Admiralty offers the high-end apartment finishes and the closest location to Downtown, the Newport Naval Station, and major highways. Come see our newly renovated apartments. Taking Reservations Now! Modern Layout - Newport's Best. These featured apartment homes offer Professionally Decorated Layouts with Granite Stone Countertops, Designer Flooring and Carpeting,

    The Admiralty

    (401) 264-8683

    195 Admiral Kalbfus Rd, Newport, RI 02840
  • /27

    $3,800 Per Month

    • 4 Beds
    • 4 Baths
    • House for Rent

    83 John St, Newport, RI 02840

    WINTER RENTAL: OCT 1, 2026- MAY 31, 2027 @ $4,200/mo: Stunning home situated on Historic Hill just off Bellevue Avenue. Rich hardwood floors throughout accented beautifully with historic details and also modern updates. Beautifully furnished with central air, 2 off street parking spots and lovely outdoor patio space. The main level features a bright and airy living room, dining room, kitchen and

    83 John St, Newport, RI 02840
  • /27

    $20,000 Per Month

    • 4 Beds
    • 2.5 Baths
    • 2,536 Sq Ft
    • House for Rent

    26 Red Cross Ave, Newport, RI 02840

    Available for June 15 thru July 31! Located in one of Newport's most desirable neighborhoods, this 4-bedroom, 2.5-bathroom home offers a blend of space, comfort, and classic coastal charm. The primary suite features a private en-suite bath, while the expansive yard and generous deck provide a perfect setting for outdoor relaxation. Just a short walk to the famed Cliff Walk, beaches, and Bellevue

    Alex Nunes Serhant

    26 Red Cross Ave, Newport, RI 02840
  • /21

    $3,000 Per Month

    • 2 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • Townhouse for Rent

    158 Narragansett Ave Unit I, Newport, RI 02840

    Experience classic Newport living in the charming Pinard Cottages, now offered for rent for the first time. This thoughtfully laid-out, furnished townhouse sits on the second floor at the corner of Narragansett and Annandale, just steps from the famed Cliff Walk and within easy walking distance of Bellevue's shops and historic mansions. The home features open living, kitchen, dining concept with

    Libby Kirwin Lila Delman Compass

    158 Narragansett Ave Unit I, Newport, RI 02840
  • /6

    $3,500 Per Month

    • 3 Beds
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    15 Webster St Unit 2, Newport, RI 02840

    Minutes from downtown, restaurants, beaches and Bellevue Ave this apartment has it all. Three bedrooms, furnished, laundry on site and available for a yearly rental.

    Mary Ulrich Budlong RE/MAX Profnl. Newport, Inc.

    15 Webster St Unit 2, Newport, RI 02840
  • /6

    $1,750 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Apartment for Rent

    15 Webster St Unit 3, Newport, RI 02840

    This third floor one bedroom apartment is available for a yearly lease. Located within minutes of all Newport has to offer, restaurants, beaches and much more.

    Mary Ulrich Budlong RE/MAX Profnl. Newport, Inc.

    15 Webster St Unit 3, Newport, RI 02840
  • /50

    $3,950 Per Month

    • 4 Beds
    • 3 Baths
    • 2,100 Sq Ft
    • House for Rent

    27 Mann Ave, Newport, RI 02840

    Winter Rental 2026 - Newport - Available September through May 2027 with end date flexible. Located in the highly desirable Kay and Catherine neighborhood and within walking distance from downtown Newport, this well appointed colonial home offers 4 large bedrooms, 3 full updated bathrooms and is fully furnished. Large updated kitchen w/ stainless steel appliances, quartz countertops, dining and

    Eric Schmigle Teri Degnan RE & Consulting

    27 Mann Ave, Newport, RI 02840
  • /23

    $2,200 Per Month

    • 2 Beds
    • 2 Baths
    • 650 Sq Ft
    • Apartment for Rent

    29 Dean Ave Unit 1F, Newport, RI 02840

    Tucked away in the heart of Yachting Village, this charming cottage-style apartment offers a cozy and inviting retreat in downtown Newport. This two-bedroom, two-full-bath unit features a thoughtful layout with warm natural light and comfortable living spaces throughout. Enjoy the convenience of in-unit laundry, and one off-street parking space. The shared yard offers a peaceful outdoor space to

    Joe Fitzpatrick RE/MAX Results

    29 Dean Ave Unit 1F, Newport, RI 02840
  • /18

    $10,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,640 Sq Ft
    • House for Rent

    2 Cliff Terrace, Newport, RI 02840

    Cliff Walk Cottage available for Summer Rental!! This charming Cape offers the perfect home base for enjoying everything the City by the Sea has to offer. Just steps from the entrance to Newport's famed Cliff Walk and a short stroll to Easton's Beach, this simple and comfortable cottage is ideal for those who plan to spend their days at the beach and evenings enjoying Newport's vibrant dining and

    Susan Curran Warner Realty Group

    2 Cliff Terrace, Newport, RI 02840
  • /20

    $5,000 Per Month

    • 2 Beds
    • 1 Bath
    • 718 Sq Ft
    • House for Rent

    2 Lasalle Place, Newport, RI 02840

    Experience the best of summer in Newport from this charming furnished cottage in the coveted Point neighborhood. Just two blocks from Battery Park and the waterfront pier, this quintessential coastal retreat offers the perfect blend of historic charm, walkability, and modern comfort. Spend your mornings by the harbor, stroll to downtown Newport's acclaimed restaurants, boutiques, and marinas, and

    Colleen Hagarty Serhant

    2 Lasalle Place, Newport, RI 02840
  • /20

    $6,450 Per Month

    • 2 Beds
    • 1 Bath
    • 718 Sq Ft
    • House for Rent

    2 Lasalle Place, Newport, RI 02840

    Experience the best of summer in Newport from this charming furnished cottage in the coveted Point neighborhood. Just two blocks from Battery Park and the waterfront pier, this quintessential coastal retreat offers the perfect blend of historic charm, walkability, and modern comfort. Spend your mornings by the harbor, stroll to downtown Newport's acclaimed restaurants, boutiques, and marinas, and

    Colleen Hagarty Serhant

    2 Lasalle Place, Newport, RI 02840
  • /50

    $40,000 Per Month

    • 3 Beds
    • 3.5 Baths
    • 2,752 Sq Ft
    • House for Rent

    215 Coggeshall Ave, Newport, RI 02840

    COGGESHALL AVENUE GEM! Enjoy the best of Newport living from this beautifully updated single-level home located on picturesque Almy Pond. Offering 3 bedrooms and 3.5 bathrooms, this spacious residence combines comfort, convenience, and an exceptional location for an unforgettable summer stay.Thoughtfully updated and designed for easy living, the home features bright, inviting living spaces

    Agent Photo

    Edith Cushing

    RE/MAX Profnl. Newport, Inc.

    (401) 337-8696

    215 Coggeshall Ave, Newport, RI 02840
  • /32

    $9,500 Per Month

    • 4 Beds
    • 3 Baths
    • 3,900 Sq Ft
    • House for Rent

    11 Shields St, Newport, RI 02840

    Seasonal rental, Oct26-May27Fully furnished and ready to enjoy 4 bed home. First floor bedroom with shower bath. Located on a quaint street with plenty of off street parking plus garage space. You are walking distance to Bellevue Avenue, countless ,restaurants, parks, beaches and the Tennis Hall of Fame. Designed with a Queen first floor bedroom with full bath. Enjoy a Chef's kitchen where

    Joanne Matuszek Residential Properties Ltd.

    11 Shields St, Newport, RI 02840
  • /37

    $5,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,673 Sq Ft
    • House for Rent

    28 W Narragansett Ave, Newport, RI 02840

    Welcome to 28 West Narragansett Avenue, a charming and classic Newport cottage nestled in the heart of Newport's Fifth Ward neighborhood. This delightful rental home features 3 cozy bedrooms, 2 full bathrooms, and is situated within walking distance to the harbor and downtown Newport. The home comes tastefully furnished, exuding warmth and comfort throughout. The thoughtful layout provides ample

    William Parker Sizeland Lila Delman Compass

    28 W Narragansett Ave, Newport, RI 02840
  • /31

    $7,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • House for Rent

    33 Slocum St, Newport, RI 02840

    September Only -2026! Enjoy one of the best months of the year in RI by the beach! Fresh and updated 3 bedroom, 2 bath house located within a short walk to the beach, Cliff Walk, tennis, restaurants, and shopping on Bellevue Ave! Step inside to the welcoming entry with a cushioned bench seat for storing your beach gear or slipping on your sandals. Fabulous living room with entertainment wall with

    Agent Photo

    Holly McLear

    Hogan Associates Christie's

    (401) 560-6178

    33 Slocum St, Newport, RI 02840
  • /30

    $5,000 Per Month

    • 2 Beds
    • 1 Bath
    • 1,019 Sq Ft
    • House for Rent

    397 Gibbs Ave Unit CH, Newport, RI 02840

    BEAUTIFUL YEARLY RENTAL STARTING SEPTEMBER 1, 2026 - Charming home tucked away on one of Newport's most picturesque and historic streets, this beautifully updated 2-bedroom, 1-bath carriage house offers a rare opportunity to live just blocks from Easton's Beach, Cliff Walk, and downtown. Set back from the road and surrounded by mature landscaping, the home feels like a private escape. Inside,

    Hilary Marshall RE/MAX Professionals

    397 Gibbs Ave Unit CH, Newport, RI 02840
  • /16

    $2,500 Per Month

    • 1 Bed
    • 1.5 Baths
    • 700 Sq Ft
    • Apartment for Rent

    3 Spring St Unit 2, Newport, RI 02840

    Yearly rental available starting July 1st! This unique 1-bed apartment is situated in one of Newport's most sought-after locations, where Spring Street ends and all the action on Lower Broadway begins. Perfectly perched above the heart of Lower Broadway's premier bars, restaurants, and shops, it offers a fantastic vantage point from its private balcony. Inside, enjoy an open-concept living area,

    Robert Swift Edge Realty RI

    3 Spring St Unit 2, Newport, RI 02840
  • /43

    $4,800 Per Month

    • 4 Beds
    • 2 Baths
    • 1,335 Sq Ft
    • House for Rent

    69 Connection St, Newport, RI 02840

    Welcome to 69 Connection Street, a fully renovated, coastal-style home in Newport's coveted Fifth Ward, available from September 2026-May 2027. Just a short stroll to Newport Harbor, Morton Park, beaches, and the vibrant scene on Thames Street. Featuring 4 bedrooms, 2 full baths, an open-concept layout, private backyard, and rare off-street parking for two, this turnkey gem blends charm,

    Devin Sheehan Serhant

    69 Connection St, Newport, RI 02840
  • /24

    $9,500 Per Month

    • 2 Beds
    • 1 Bath
    • House for Rent

    5 Key Ct, Newport, RI 02840

    SUMMER RENTAL - Available July and August 2026. Perfect summer home in one of the best spots in Newport. Close to Bailey's/Reject Beach and Cliff Walk. Built in 2024, charming, freestanding, like an individual home, this two-bedroom, one bathroom apartment with 11 ft ceiling, offers individual entry, secluded private yard with patio, outdoor grill and dining area and outdoor hot and cold water

    5 Key Ct, Newport, RI 02840
  • /10

    $2,300

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    226 Broadway Unit 2, Newport, RI 02840

    YEARLY, UNFURNISHED Rental: Available September 1 for a yearly term $2,300/mo (includes water). Living room and bedroom recently painted and new flooring and ceiling fan in bedroom (new pictures coming!)Located on lower Broadway, this 1 bed/1 bath, unfurnished rental has it all! Enter a 3-season, glassed in front porch perfect for a mudroom or office space (unheated). Double doors open

    226 Broadway Unit 2, Newport, RI 02840
  • /6

    $2,700 Per Month

    • 2 Beds
    • 2 Baths
    • 912 Sq Ft
    • Townhouse for Rent

    27 Weaver Ave, Newport, RI 02840

    Nestled in the heart of Newport you will be within minutes of Bellevue Ave, downtown and First Beach. This two-bedroom, two-bathroom townhouse will be freshly painted prior to move in. Amenities include off street parking, private basement with laundry, hardwood floors and your own private deck. Available for year-round rental starting August 1, 2026.

    (401) 417-2909

    27 Weaver Ave, Newport, RI 02840
  • /30

    $3,500 Per Month

    • 2 Beds
    • 2 Baths
    • 871 Sq Ft
    • House for Rent

    11 Cross St, Newport, RI 02840

    Step back in time in this gorgeous colonial built in 1720 and listed on the National Register of Historic Places. Surrounded by other colonial gems, this neighborhood provides walking access to Newport's best restaurants, shops and waterfront in just minutes. The owners have taken particular care to protect this buildings heritage by preserving the interior as well as the exterior. Inside you'll

    Schuyler Horton Hogan Associates Christie's

    11 Cross St, Newport, RI 02840
  • /6

    $2,700 Per Month

    • 2 Beds
    • 2 Baths
    • 912 Sq Ft
    • Townhouse for Rent

    27 Weaver Ave Unit A, Newport, RI 02840

    Nestled in the heart of Newport you will be within minutes of Bellevue Ave, downtown and First Beach. This two-bedroom, two-bathroom townhouse will be freshly painted prior to move in. Amenities include off street parking, private basement with laundry, hardwood floors and your own private deck. Available for year-round rental starting August 1, 2026.

    Mary Ulrich Budlong RE/MAX Profnl. Newport, Inc.

    27 Weaver Ave Unit A, Newport, RI 02840
  • /22

    $4,500 Per Month

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Apartment for Rent

    44 Everett St Unit 3, Newport, RI 02840

    Welcome to 44 Everett St unit 3 Available for summer occupancy, this well-located Newport seasonal rental offers convenient access to beaches, restaurants, shopping, waterfront activities, and downtown Newport. The property features comfortable living spaces, ample natural light, and outdoor space for seasonal enjoyment. Conveniently located near local attractions, recreation, and area amenities.

    Matthew Reynolds Edge Realty RI

    44 Everett St Unit 3, Newport, RI 02840
  • /24

    $2,200 Per Month

    • 1 Bed
    • 1 Bath
    • 625 Sq Ft
    • Apartment for Rent

    70 Carroll Ave Unit 1009, Newport, RI 02840

    Winter Rental - September 2026 through May 2027 | Walk to Downtown & Salve | Students & Navy Welcome | This inviting Ocean's Way first-floor, one-bedroom condo offers a cozy winter retreat in Newport's sought-after Fifth Ward. The apartment is fully furnished in a classic blue-and-white coastal style with quality furnishings throughout. The updated eat-in kitchen features white cabinetry, Quartz

    Stacy Geddis Real Broker, LLC

    70 Carroll Ave Unit 1009, Newport, RI 02840
  • /26

    $2,600 Per Month

    • 2 Beds
    • 1 Bath
    • 1,140 Sq Ft
    • Apartment for Rent

    45 Ayrault St Unit C1, Newport, RI 02840

    Nestled in the charming locale, this condo offers a delightful combination of style and convenience. This duplex-style unit features an inviting open floor plan that seamlessly connects living spaces, accentuated by rustic exposed beams that add character and warmth to the ambiance. Fully furnished, it provides everything needed for a comfortable lifestyle, allowing you to settle in with ease.

    Christopher Walker William Raveis Inspire

    45 Ayrault St Unit C1, Newport, RI 02840
  • /10

    $5,000 Per Month

    • 1 Bed
    • 1 Bath
    • 453 Sq Ft
    • Apartment for Rent

    3 Clinton St Unit a, Newport, RI 02840

    Discover the perfect location for this beautifully renovated condo, just across from Kings Park and mere steps from the ocean, the iconic Ocean Drive, and the desirable 5th Ward neighborhood of Newport. Enjoy the best of Newport living without the noise and crowds, with everything you need nearby. Unit 3A features 1 bedroom and 1 full bath, showcasing a brand-new quartz kitchen, stainless steel

    Richard Willis Teri Degnan RE & Consulting

    3 Clinton St Unit a, Newport, RI 02840
  • /10

    $2,500 Per Month

    • 1 Bed
    • 1 Bath
    • 453 Sq Ft
    • Apartment for Rent

    3 Clinton St Unit a, Newport, RI 02840

    Discover the perfect location for this beautifully renovated condo, just across from Kings Park and mere steps from the ocean, the iconic Ocean Drive, and the desirable 5th Ward neighborhood of Newport. Enjoy the best of Newport living without the noise and crowds, with everything you need nearby. Unit 3A features 1 bedroom and 1 full bath, showcasing a brand-new quartz kitchen, stainless steel

    Richard Willis Teri Degnan RE & Consulting

    3 Clinton St Unit a, Newport, RI 02840
  • /13

    $2,350 Per Month

    • 1 Bath
    • 915 Sq Ft
    • Apartment for Rent

    107 John St, Newport, RI 02840

    Experience the best of central Newport living in this freshly updated, cozy second-floor studio, ideally situated in one of the city's most desirable locations at the intersection of Bellevue Avenue, Memorial Boulevard, and John Street. This bright and inviting space offers comfortable living with a layout designed to maximize both function and charm, perfect for enjoying all that Newport has to

    Matthew Reynolds Edge Realty RI

    107 John St, Newport, RI 02840
  • /10

    $2,250 Per Month

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Apartment for Rent

    8 Johnson Ct, Newport, RI 02840

    Available June 1st. Walking distance to downtown Newport and minutes from Pell bridge, this home is perfect for your winter retreat! First floor, one bedroom apartment with separate entrance from the main house. Washer & Dryer in shared basement. All utilities included, furry friends welcome :)

    Melanie Fougere Real Broker, LLC

    8 Johnson Ct, Newport, RI 02840
  • /20

    $2,400 Per Month

    • 1 Bed
    • 1 Bath
    • 745 Sq Ft
    • Condo for Rent

    439 Broadway Unit B, Newport, RI 02840

    Be the first to live in this charming unfurnished first floor apartment that has undergone a complete renovation. Features include a nice size kitchen with brand new appliances and granite counter tops, large dining and living room with beautifully restored hardwood floors, and a good sized bedroom which is located in the rear part of the apartment. Nicely tiled bath and good closet space in each

    (401) 399-8601

    439 Broadway Unit B, Newport, RI 02840
  • /20

    $2,400 Per Month

    • 1 Bed
    • 1 Bath
    • 745 Sq Ft
    • Condo for Rent

    439 Broadway Unit D, Newport, RI 02840

    Be the first to live in this charming unfurnished second floor apartment that has undergone a complete renovation. Features include a nice size kitchen with brand new appliances and granite counter tops, large dining and living room with beautifully restored hardwood floors, and a good sized bedroom which is located in the rear part of the apartment. Nicely tiled bath and good closet space in

    (401) 417-5388

    439 Broadway Unit D, Newport, RI 02840
  • /12

    $1,400 Per Month

    • 1 Bed
    • 1 Bath
    • 439 Sq Ft
    • House for Rent

    32 School St Unit 3, Newport, RI 02840

    Winter rental 7 month term 11/01/2026-05/31/2027. A cozy place in the heart of Newport's Historic Hill with a two block walk to the center of Thames St. One bedroom, one bath, second floor condo with one on-site assigned off street parking spot. This sunny second floor condo has hardwood floors, and brand new insulated double paned windows. The condo is fully & newly furnished by the owners that

    David Travers Keller Williams Coastal

    32 School St Unit 3, Newport, RI 02840
  • /28

    $3,200 Per Month

    • 2 Beds
    • 2.5 Baths
    • 1,152 Sq Ft
    • Townhouse for Rent

    61 Clinton St Unit C, Newport, RI 02840

    Recently remodeled and fully furnished winter rental available September 1st, 2026 through May 31st, 2027. This bright and sunny 2-bedroom townhouse offers stylish updates throughout, including beautiful hardwood floors, neutral cream paint, and all-new furnishings and finishes. The spacious first floor features an open-concept kitchen, dining, and living area perfect for relaxing or

    Devin Sheehan Serhant

    61 Clinton St Unit C, Newport, RI 02840
  • /14

    $2,000 Per Month

    • 1 Bed
    • 1 Bath
    • 1,012 Sq Ft
    • Apartment for Rent

    45 Ayrault St Unit 9, Newport, RI 02840

    Military favorite! Furnished fall 2026 through winter and spring 2027 rental. Exceptional one-bedroom apartment located in the main house at Heartsease. This spacious unit features high ceilings and period characteristics, including a loft/bonus room in the turret. The house is within easy walking distance to Broadway's restaurants and grocery market as well as other attractions in town. With

    Christine MacDonald Coldwell Banker Realty

    45 Ayrault St Unit 9, Newport, RI 02840
  • /13

    $1,950 Per Month

    • 1 Bath
    • 915 Sq Ft
    • Apartment for Rent

    107 John St, Newport, RI 02840

    Experience the best of central Newport living in this freshly updated, cozy second-floor studio, ideally situated in one of the city's most desirable locations at the intersection of Bellevue Avenue, Memorial Boulevard, and John Street. This bright and inviting space offers comfortable living with a layout designed to maximize both function and charm, perfect for enjoying all that Newport has to

    Matthew Reynolds Edge Realty RI

    107 John St, Newport, RI 02840
  • /14

    $2,700 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,242 Sq Ft
    • House for Rent

    30 Simmons St, Newport, RI 02840

    Winter 26-27 - Freshly painted and off stree parking in this single family home, centrally located with plenty of space. Eat in kitchen and dining room. Laundry on main level. Three bedrooms & 2 baths. Large yard to enjoy. Home is located up the street from the harbor and minutes to restaurants and mansions.

    Michelle Blake RE/MAX Profnl. Newport, Inc.

    30 Simmons St, Newport, RI 02840
  • /20

    $4,000 Per Month

    • 3 Beds
    • 2 Baths
    • 1,360 Sq Ft
    • Condo for Rent

    40 Grafton St, Newport, RI 02840

    AVAILABLE SEPT Winter rental Beautifully renovated and offered as a furnished winter rental in Newport’s desirable Fifth Ward neighborhood, this 3-bedroom, 2-bath home is ideally located just steps from King Park, Newport Harbor, and Thames Street. The first floor features an open-concept layout with hardwood floors, a modern kitchen with white shaker cabinets, granite countertops, stainless

    (401) 406-6327

    40 Grafton St, Newport, RI 02840
  • /18

    $2,500 Per Month

    • 2 Beds
    • 1 Bath
    • 917 Sq Ft
    • Apartment for Rent

    28 Narragansett Ave Unit 1, Newport, RI 02840

    This unit is available September 8th-May16, 2026- 2027 Academic year.Sunny, fully furnished, first floor condo in between Thames and Spring Street. Quick commute to the Navy Base or Salve Regina University. Enter into the spacious living room with sun filled windows and hardwood floors, down the hall are the 2 bedrooms. The updated vintage kitchen, complete with checkerboard floor, is in the

    Ryan Hazinakis Keller Williams Coastal

    28 Narragansett Ave Unit 1, Newport, RI 02840
  • /19

    $2,995 Per Month

    • 3 Beds
    • 2 Baths
    • 926 Sq Ft
    • Condo for Rent

    102 Broadway Unit 1C, Newport, RI 02840

    ~ Winter lease September through May ~ Students & Military welcome ~ Water included! ~ Experience timeless Newport charm fused with modern comfort at 102 Broadway, a beautifully refreshed 19th-century condominium in the epicenter of the city. With brand-new siding and bold window trim slated for 2026, this bright 3-bedroom 2-bath home absolutely shines! Other brag-worthy features include an

    Kevin Castner RE/MAX Results

    102 Broadway Unit 1C, Newport, RI 02840

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Frequently Asked Questions

How much does it cost to rent a home in Newport, RI?
The median rent for a home in Newport, RI is $4,000 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Newport, RI?
To comfortably afford the median rent in Newport, RI, a household needs to earn roughly $160,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $4,000 per month in Newport, RI, renters typically need to show $12,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Newport, RI?
In Newport, RI, the price-to-rent ratio is 23.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Newport, RI are best for renting a home?
The best neighborhood for renting in Newport, RI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Historic Hill, Kay-Catherine, Fifth Ward, Bellevue Avenue and Estates and Old Beach, each with its own character and price range.

Rental Trends in Newport, RI

Rental Home Trends

Number of Homes for Rent
368
Median Rent
$4,000
Median Single Family Home Rent
$3,600
Median Townhouse Rent
$4,250
Median Condo Rent
$2,950
How to Rent a Home