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Newest Homes for Rent in Newport, ME

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  • /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
  • /11

    $1,650 Per Month

    • 3 Beds
    • 1 Bath
    • 1,500 Sq Ft
    • House for Rent

    10 Shaw St, Newport, ME 04953

    3 Bedroom, 1 Bathroom Home with Bonus Office – Newport, ME *More picture to come with updates done in the unit.* This well-maintained 3-bedroom, 1-bathroom single-family home in Newport offers comfortable living with the added bonus of a dedicated office space, perfect for working from home, studying, or a hobby room. Rent: $1,650 per month Included: Water, sewer, and trash

    10 Shaw St, 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
  • /9

    $2,300 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,958 Sq Ft
    • House for Rent

    13 Elm St, Newport, ME 04953

    3 Bedroom, 1.5 Bathroom Waterfront Home – $2,300/month Enjoy peaceful waterfront living in this 3-bedroom, 1.5-bathroom home located in a quiet and convenient area. This property offers beautiful water views and easy access to outdoor recreation, making it perfect for anyone who enjoys fishing, boating, and spending time outdoors. The home features spacious living areas, comfortable

    13 Elm St, 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 home in Newport, ME?
The median rent for a home 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 Homes for Rent
7
Median Rent
$1,300
Median Single Family Home Rent
$1,975
Median Condo Rent
$1,300
How to Rent a Home