Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Newport, KY Rental Market Trends
What is the average rent in Newport?
The average rent for an apartment in Newport is $1,188. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Newport, KY
Last updated June 2022
| Average Rent | Average Apartment Size |
|---|---|
| $1,188 | 898 sq. ft. |
What is the average apartment size in Newport?
The average size for a Newport, KY apartment is 898 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Newport, KY Apartment Rent Ranges
Newport, KY Occupied Housing Units
3,556 or 52% of the households in Newport, KY are renter-occupied while 3,278 or 47% are owner-occupied.
Newport, KY Rent Trends
| Average Rent | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Jun / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| Newport, KY | $1,008 | $1,025 | $1,028 | $1,016 | $1,055 | $1,059 | $1,059 | $1,082 | $1,139 | $1,188 |
| National | $1,367 | $1,399 | $1,407 | $1,409 | $1,399 | $1,403 | $1,412 | $1,495 | $1,591 | $1,628 |
How Newport Compares to Other Cities
| City | Average Rent |
|---|---|
| Cincinnati | $1,167 |
| Louisville | $1,096 |
| Lexington | $1,068 |
| Florence | $1,133 |
| Covington | $1,251 |
| Batavia | $1,044 |
| Ft Mitchell | $965 |
| Shepherdsville | $851 |
| Blue Ash | $1,355 |
| Forest Park | $1,016 |
| Newport | $1,188 |
| Nicholasville | $1,056 |
| Mount Healthy | $1,086 |
| North College Hill | $950 |
| Oakbrook | $1,133 |
| Reading | $1,084 |
| Sharonville | $1,130 |
| Burlington | $1,141 |
| Erlanger | $1,001 |
| Frankfort | $819 |
| Hebron | $1,151 |
Most Popular Apartments in Newport
Aspen Pines Apartment Homes
1700 Aspen Pines Drive, Wilder, KY 41071- 1 BED
- 2 BEDS
- 3 BEDS
- Ask for pricing
- $1,400+
- Ask for pricing
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 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.