6

Newport, ME Condos for Rent

Section Image
  • /3

    $1,450

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    24 Water St Unit 2, Newport, ME 04953

    Second Floor 2 bedroom with very large rooms. Great area just a short distance to local amenities: lake, walking paths, river, Cultural Center. First and last month rent is due to move in.

    24 Water St Unit 2, Newport, ME 04953
  • /14

    $1,250 - $1,450

    Total Monthly Price

    • 1 - 2 Beds
    • 1 Bath
    • 600 Sq Ft
    • Condo for Rent

    51 Shaw St, Newport, ME 04953

    Great area. Includes light furnishings, ALL utilities and Month to Month agreement only and non smoking. Please email for all the details: crosswayrentals @ gmail

    51 Shaw St, Newport, ME 04953
  • /12

    $1,200

    Total Monthly Price

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

    5 Mcnally Terrace Unit 5, Newport, ME 04953

    So close to all the intown amenities and yet it feels like your own condo! Tenant only pays household electricity and amenities desired like internet.

    5 Mcnally Terrace Unit 5, Newport, ME 04953
  • /5

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    4 South St Unit B, Newport, ME 04953

    4 South Street, Newport, ME – 2 Bed / 1 Bath (Second Floor) Rent: $1,300 month Security Deposit: $1300 Utilities: All included except electricity Highlights: Spacious 2-bedroom, 1-bath apartment on the second floor Off-street parking available Heat, water, sewer, and trash included (tenant pays electric only) Dogs and cats allowed with third-party pet

    4 South St Unit B, Newport, ME 04953
  • /5

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    12 Shaw St Unit B, Newport, ME 04953

    # 2 Bedroom, 1 Bathroom Apartment for Rent – Newport, ME | $1,300/Month Welcome to this well-maintained 2-bedroom, 1-bathroom apartment located in the heart of Newport, Maine. Offering a comfortable layout and a convenient location, this apartment is just minutes from shopping, dining, schools, and easy access to I-95. **Monthly Rent:** $1,300 **Apartment Features:** * 2

    12 Shaw St Unit B, Newport, ME 04953

Frequently Asked Questions

How much does it cost to rent a condo in Newport, ME?
The median rent for a condo in Newport, ME is $1,300 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Newport, ME?
To comfortably afford the median rent in Newport, ME, a household needs to earn roughly $52,000 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 $1,300 per month in Newport, ME, renters typically need to show $3,900 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, ME?
In Newport, ME, the price-to-rent ratio is 19.2, 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.

Rental Home Trends

Number of Condos for Rent
5
Median Condo Rent
$1,300
Median 1 Bedroom Condo Rent
$1,200
Median 2 Bedroom Condo Rent
$1,300
How to Rent a Home