Property prices for rent in Newport (Rhode Island)

The price per sq.feet in Newport has risen strongly during the last 6 months. In October, the average price per sq.feet was $2.84. In November this price barely changed remaining at $2.92 per sq.feet. The price for the following two months in (December, January) had a considerable rise of 131 %. The price per sq.feet has had a considerable rise of 132 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $3.32 to $4.37 during February, and March.

When referring to the price in Newport (cities), this has risen considerably in the last 6 months. The average price for October is $4,267. During November the price had a slight fall till $4,013. During the following two months (December, January) the average price had a considerable rise of 133 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 139 % during the last two months.

The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $6,342 they are 61 % more affordable than the average price for Newport . The properties with the highest average price have 4 bedrooms, Their price is 73 % more expensive than the average. After that we have properties with 3 bedrooms priced at $7,408.

With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $3.67 / sq.feet, with an average $4.19 / sq.feet price in Newport. The properties with the most expensive average prices have 4 bedrooms. They are 21 % more expensive than the average followed by properties with 3 bedrooms with a price at $5.04 / sq.feet.

The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of $6,342 it is 71 % more affordable than the average price in Newport. "Apartment" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of $7,512 it is 183 % more expensive than the average price.

According to the average cost per sq.feet, the most affordable property is "Condo" at an average price of $3.93 / sq.feet followed by "Apartment" priced at $4.22 / sq.feet. "Commercial" is the most expensive type of property with a $6 / sq.feet value followed by "House" with an average price of $4.84 / sq.feet.