Newport City, KY Rental Market Trends
Last updated: February 26, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Newport City is $1,551, a 4.07% increase compared to the previous year, when the average rent was $1,490.
One-bedroom apartments provide 742 square feet for $1,445, balancing privacy and affordability.
Two-beedroom units at $1,572 offer 942 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,081 sq ft) for $2,694, suitable for larger households.
Average rent in Newport City, KY
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,551 | 845 sq. ft. |
| Studio | n/a | n/a |
| 1 Bed | $1,445 | 742 sq. ft. |
| 2 Beds | $1,572 | 942 sq. ft. |
| 3 Beds | $2,694 | 1,081 sq. ft. |
Newport City, KY rent trends
Rental prices in Newport City, KY have increased by 4.07% over the past year. The average rent moved from $1,490 to $1,551.
What's the typical rent budget in Newport City, KY?
The largest share of rentals in Newport City, KY (36%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Newport City, KY?
3,605 or 52% of the households in Newport City, KY are renter-occupied while 3,379 or 48% are owner-occupied.
How Newport City Compares to Other Cities
| City | Average Rent |
|---|---|
| Newport City | $1,551 |
| Louisville | $1,308 |
| Lexington | $1,351 |
| Richmond | $975 |
| Florence | $1,423 |
| Covington | $1,502 |
| Shepherdsville | $1,198 |
| Erlanger | $1,421 |
| Ft Mitchell | $1,207 |
| Newport | $1,476 |
| Shelbyville | $1,145 |
| Cincinnati, OH | $1,445 |
| Union, OH | $1,348 |
| Dayton, KY | $1,823 |
| Independence, KY | $1,411 |
| Reading, OH | $1,149 |
| Crescent Springs, KY | $1,122 |
| Norwood, OH | $1,871 |
| Southgate, KY | $1,209 |
| Park Hills, KY | $1,152 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Newport City apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.