Rent in Newport, RI
Across Newport's 2 ZIP codes, a 2-bedroom typically rents for about $1,999 a month, with figures from $1,805–$2,193. The highest typical rent is in 02841 ($2,193) and the lowest in 02840 ($1,805). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Newport County pay about 0.89% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,684 | $1,664–$1,704 | 2 |
| 1 bed | $1,345 | $977–$1,713 | 2 |
| 2 beds | $1,999 | $1,805–$2,193 | 2 |
| 3 beds | $2,504 | $2,193–$2,815 | 2 |
| 4 beds | $2,980 | $2,661–$3,298 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Newport ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Newport, RI?
- About $1,999 a month: the median of the typical rents in 2 ZIP codes, which range from $1,805–$2,193. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Newport, RI?
- About $1,345 a month: the median of the typical rents in 2 ZIP codes, which range from $977–$1,713. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Newport, RI?
- About $2,504 a month: the median of the typical rents in 2 ZIP codes, which range from $2,193–$2,815. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Newport, RI?
- About $1,684 a month: the median of the typical rents in 2 ZIP codes, which range from $1,664–$1,704. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Newport, RI?
- About $2,980 a month: the median of the typical rents in 2 ZIP codes, which range from $2,661–$3,298. Figures are gross rent (rent plus tenant-paid utilities).
- Which Newport ZIP code has the highest rent?
- For a 2-bedroom, 02841 has the highest typical rent at $2,193 a month, and 02840 the lowest at $1,805.
- What is the property tax rate in Newport, RI?
- Owner-occupied homes in Newport County pay a typical 0.89% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Newport rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).