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 July 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 14.4% ($213) lower than the Minnesota average of $1,479 and 28.7% ($509) lower than the U.S. average of $1,775.

Average Rent

$1,266

Monthly ChangeMonth Over Month Change

0.2% ($2)

Yearly ChangeYear Over Year Change

12.5% ($181)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,142	3% ($33)	4.4% ($53)
2 Beds	$1,399	0.7% ($10)	4.8% ($70)
3 Beds	$1,694	13.1% ($256)	0.7% ($12)

Nearby Cities	Average Rent	Avg. Rent vs. NewportAverage Rent vs. Newport	Avg. Days on MarketAverage Days on Market
South Saint Paul	$1,227	3.1% ($39)	27 days
Inver Grove Heights	$1,709	35% ($443)	26 days
Cottage Grove	$2,158	70.5% ($892)	46 days
Saint Paul	$1,409	11.3% ($143)	31 days
Lake Elmo	$3,677	190.4% ($2411)	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.

What is the average rent in Newport, MN?

The average rent in Newport, MN is $1,266 per month.

What is the rental price range for homes in Newport, MN?

Homes in Newport typically rent for between $799 and $2,202 per month, with an average of $1,266 per month.

What is the average rent for different bedroom sizes in Newport, MN?

In Newport, the average rent for a 1-bedroom home is $1,142 per month, for a 2-bedroom home, $1,399 per month, and a 3-bedroom home is $1,694 per month.

How do rent prices in Newport, MN compare with the national average?

The average rent in Newport is 28.7% ($509) lower than the national average of $1,775 per month.

How have rent prices in Newport, MN changed recently?

The average rent in Newport has decreased by 0.2% ($2) in the last month and decreased by 12.5% ($181) over the past year.

How competitive is the rental market in Newport, MN?

The rental market in Newport, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.

How long do rentals stay on the market in Newport, MN?

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.

How many rental properties are available in Newport, MN?

There are currently 9 rental properties available in Newport, MN.

Can I afford to rent a home in Newport, MN?

Based on the current averages, a household would need an annual income of $55,960 to comfortably afford a 2-bedroom home in Newport.