Last updated
Average Rent in Newport & Rent Trends
Rent prices and market trends across 2 apartment communities in Newport, Jersey City, NJ. Updated daily.
Market Average
$6,096/mo
Lowest Available
$5,205/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
8
available now
Price Cuts This Week in Newport
43 listed units across 2 buildings offering 3 bed units in Newport dropped their asking rent in the past 7 days, an average cut of $193/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Avalon Cove | Unit 11 | $4,770 | $4,130 | $640 |
| Avalon Cove | Unit 40 | $7,815 | $7,195 | $620 |
| Avalon Cove | Unit 41 | $7,910 | $7,340 | $570 |
| Avalon Cove | Unit 10 | $4,500 | $3,960 | $540 |
| Avalon Cove | Unit 34 | $5,695 | $5,165 | $530 |
| Avalon Cove | Unit 35 | $6,150 | $5,685 | $465 |
| Avalon Cove | Unit 12 | $4,785 | $4,375 | $410 |
| Avalon Cove | Unit 9 | $4,160 | $3,840 | $320 |
Newport vs Jersey City, NJ Average
Newport is more expensive than the Jersey City, NJ average by $1,622/mo (36%). The citywide average is $4,474/mo across all neighborhoods.
Is Rent Going Up or Down in Newport?
As of August 2026, the average rent in Newport is $6,096 per month across 2 apartment communities and 8 available units.
The most affordable option is Soho Lofts starting at $5,205/mo. By unit type, a 3-bedroom averages $6,096/mo.
Prices range from $5,205 to $6,740 per month. The most common price point is the $5,800 range, where 2 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Newport
Rent Prices by Apartment in Newport
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Soho Lofts | $5,205/mo | $5,790/mo | 4 | 4.5 |
| Avalon Cove | $6,135/mo | $6,401/mo | 4 | 4.3 |
Frequently Asked Questions About Rent in Newport
What is the average rent in Newport?
Is rent going up or down in Newport?
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What salary do I need to live comfortably in Newport?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$244,000/year
Based on the 30 percent rule, using our tracked average rent of $6,096/mo.
Comfortable income
$293,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($5,205/mo), you need to earn at least $208,000/year.
Median household income in Newport is $94,813 , about 68% below the comfortable-living threshold.
Cost of living in Newport
Overall prices in Newport runs above the national average by about 13% (BEA Regional Price Parity index 112.6, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Newport's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $6,096 |
| Utilities | $644 |
| Groceries | $585 |
| Transportation | $1,534 |
| Healthcare | $748 |
| Other goods and services | $1,197 |
| Estimated total | $10,804/mo |
Population
289,691
Median household income
$94,813
Census median rent
$1,902/mo
Rent as % of income
27.0%
Median age
34.7
Mean commute
37 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Newport Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Newport Apartments
Browse all 2 communities with daily-updated pricing and availability.