Homes for Rent in 55055

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What to Know About

Life in Newport & Beyond

Newport shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Newport, MN

As of December 2025, Newport's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Newport's average rent is 16.0% ($242) lower than the Minnesota average of $1,517 and 28.0% ($495) lower than the U.S. average of $1,770.

Average Rent
$1,275
Monthly ChangeMonth Over Month Change
Decreased20% ($318)
Yearly ChangeYear Over Year Change
Increased8.3% ($98)
Avg. Days on MarketAverage Days on Market
44
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,272 Increased0.6% ($7) Increased10.2% ($118)
2 Beds $1,614 Decreased0.4% ($6) Increased13.7% ($195)
3 Beds $1,991 Increased2.2% ($43) Increased20.9% ($344)
Nearby Cities Average Rent Avg. Rent vs. NewportAverage Rent vs. Newport Avg. Days on MarketAverage Days on Market
South Saint Paul $1,317 Increased3.3% ($42) 27 days
Inver Grove Heights $1,668 Increased30.8% ($393) 26 days
Cottage Grove $2,360 Increased85.1% ($1085) 46 days
Saint Paul $1,408 Increased10.4% ($133) 31 days
Lake Elmo $3,521 Increased176.2% ($2246) 47 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Newport Rental Market FAQs

Explore rental prices, market trends, and availability in Newport, MN.

The average rent in Newport, MN is $1,275 per month.
Homes in Newport typically rent for between $890 and $2,588 per month, with an average of $1,275 per month.
In Newport, the average rent for a 1-bedroom home is $1,272 per month, for a 2-bedroom home, $1,614 per month, and a 3-bedroom home is $1,991 per month.
The average rent in Newport is 28% ($495) lower than the national average of $1,770 per month.
The average rent in Newport has decreased by 20.0% ($318) in the last month and increased by 8.3% ($98) over the past year.
The rental market in Newport, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Newport, MN, the average rental stays on the market for approximately 44 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 6 rental properties available in Newport, MN.
Based on the current averages, a household would need an annual income of $64,560 to comfortably afford a 2-bedroom home in Newport.
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