Newport East, Rhode Island Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Newport East, Rhode Island rental market.
Newport East, Rhode Island
Average Apartment Rent
$2,697
Y-o-Y Change in Average
Apartment Rent
2.4%
As of March 2026
Compared to a year ago, Newport East, Rhode Island apartments have recorded a 2.4% rent increase.
Newport East, Rhode Island Average apartment rent trend
Newport East, Rhode Island Average Apartment Rent
Newport East, Rhode Island Apartment rent ranges
At 37.31%, apartments priced Over $3,000 represent the bulk of Newport East, Rhode Island rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 0.07%.
Newport East, Rhode Island Housing tenure**
Renters take up 43% of Newport East, Rhode Island real estate, occupying a total of 2,230 units, while homeowners live in 2,901 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$71,455
Average household size of renter-occupied housing units**
1.89
Rental vacancy rate**
9.9%
Newport East, Rhode Island Renter-occupied housing units by no. of bedrooms**
There are 721 rentals in Newport East, Rhode Island with 1 bed making up the highest share of the market, at 32%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 14 units. Overall, the median number of rooms in Newport East, Rhode Island homes for rent is 4.2.
Newport East, Rhode Island Renter-occupied units by age of householder**
Most condos for rent in Newport East, Rhode Island are occupied by residents in the 25 - 34 years age group (27%), followed by those in the 45 - 54 years age group (14%). At the same time, people in the 55 - 59 years age group make up the lowest share of the local rental market – 6%.
Newport East, Rhode Island Renter-occupied housing units by family type**
Newport East, Rhode Island Renter-occupied housing units by the presence of own children**
A total of 995 apartments for rent in Newport East, Rhode Island, or 45% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 500 units. All in all, the median size of a renter-occupied household in Newport East, Rhode Island is 1.89.
Newport East, Rhode Island Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Newport East, Rhode Island.
Newport East, Rhode Island Renter-occupied units by year structure built**
The highest share of Newport East, Rhode Island apartment rentals, namely 21% or 475 units, were Built 1970 - 1979, followed by those Built 1950 - 1959 (16%, 356 units), and the ones Built 1939 or earlier (13%, 290 units).
Newport East, Rhode Island Renter-occupied units by year householder moved in**
Median year renter moved into unit 2016
Most Newport East, Rhode Island renters (43%) moved in 2010 to 2017, while only 3% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Newport East, Rhode Island condos for rent is 2016.
Newport East, Rhode Island Renter-occupied housing units by vehicles available**
When it comes to transportation options, 49% of Newport East, Rhode Island renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 12% have No vehicle available.
Newport East, Rhode Island Means of transportation to work of householders living in renter-occupied housing units**
Newport East, Rhode Island Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Newport East, Rhode Island apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
