Newport, MN Rental Market Trends
The average rent for an apartment in Newport is $960, a 11% increase compared to the previous year, when the average rent was $861.
Average Rent in Newport, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$960||11%||704 sq. ft.|
The average size for a Newport, MN apartment is 704 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, MN Apartment Rent Ranges
Newport, MN Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
538 or 40% of the households in Newport, MN are renter-occupied while 793 or 59% are owner-occupied.
Newport, MN Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Jan / 2020|
How Newport Compares to Other Cities
|Average Rent||Y-o-Y Change|
|St. Louis Park||$1,622||4%|
|West St. Paul||$1,095||7%|
For more information about the Newport rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!