$1,250 Per Month
- 2 Beds
- 1 Bath
- Condo for Rent
103 Hannon Cemetery Rd Unit C, Newport, TN 37821
Property Id: 1475964 Upstairs 2 bedroom 1 bathroom apartment just off 321 and close to the back entrance to Gatlinburg. Access to laundry room and yard.
Frequently Asked Questions
How much does it cost to rent a condo in Newport, TN?
The median rent for a condo in Newport, TN is $1,288 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 are currently more expensive.
How much do you need to make to afford rent in Newport, TN?
To comfortably afford the median rent in Newport, TN, a household needs to earn roughly $51,000 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 $1,275 per month in Newport, TN, renters typically need to show $3,825 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, TN?
In Newport, TN, the price-to-rent ratio is 17.9, 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.
