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Studio Apartment for Rent in Newport, RI

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    $2,000 Per Month

    • Studio
    • 1 Bath
    • 506 Sq Ft
    • Condo for Rent

    1209 Capella S, Newport, RI 02840

    Winter rental available September to May or June. Clean, bright, and located right on the water in a desirable gated community. This studio unit offers the perfect retreat with convenient access to downtown. All new furniture with a full suze pull out couch for guests. Enjoy designated parking, shared laundry, and great on-site amenities including a pool and tennis courts. Just steps from the

    1209 Capella S, Newport, RI 02840

Why Live in Newport

Newport, RI, located on Aquidneck Island, is a coastal city with a rich history dating back to 1639. Known for its Gilded Age mansions and walkable waterfront shopping and dining district, Newport attracts residents and visitors alike with its historic architecture, food, beaches, museums, and big events. The city is renowned as the "sailing capital of the world," offering multiple boat access points on Narragansett Bay. Homes in Newport range from 17th-century Colonials to modern additions, including Cape Cods and Victorians, with some larger properties converted into condos. The Newport Mansions along Bellevue Avenue are a significant attraction, with some open for public tours. The 3.5-mile Cliff Walk trail provides scenic ocean views and passes by many historic properties. High-end shopping and dining are concentrated around Thames Street, Spring Street, and Broadway, with notable attractions like the Newport Art Museum, Audrain Auto Museum, and the International Tennis Hall of Fame nearby. Easton Beach, also known as First Beach, offers swimming and amenities, though seaweed can occasionally be an issue. Battery Park is a popular spot for sunset views. Newport hosts numerous events, including the St. Patrick's Day Parade, Folk Festival, and the renowned Newport Jazz Festival at Fort Adams State Park. The city is served by the Newport Public Schools system, with a new high school building set to open in 2025. Highly rated private schools include St. George's School and St. Michael's Country Day School. Salve Regina University and the U.S. Naval War College are also located here. Transportation options include bus service provided by RIPTA, bridges, and seasonal ferry service. Flooding can be a concern in certain areas during storm surges.

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 $3,725 per month, though prices vary by neighborhood, size, and property type. As of August 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 $149,000 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 $3,725 per month in Newport, RI, renters typically need to show $11,175 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 23.5, 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
1
Median Rent
$3,725
Median Single Family Home Rent
$3,500
Median Townhouse Rent
$4,200
Median Condo Rent
$2,950
How to Rent a Home