Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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Viewing 1-8 of 8 rentals in Newport
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 June 2026, Newport's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Newport's average rent is 15.0% ($231) lower than the Minnesota average of $1,539 and 27.2% ($489) lower than the U.S. average of $1,797.
Average Rent
$1,308
Monthly ChangeMonth Over Month Change
0.2% ($3)
Yearly ChangeYear Over Year Change
3.2% ($40)
Avg. Days on MarketAverage Days on Market
44
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,285 | 0.2% ($3) | 15.9% ($176) |
| 2 Beds | $1,431 | 0.2% ($3) | 1.6% ($22) |
| 3 Beds | $1,839 | 1.3% ($23) | 5.7% ($111) |
| Nearby Cities | Average Rent | Avg. Rent vs. NewportAverage Rent vs. Newport | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| South Saint Paul | $1,101 | 15.8% ($207) | 27 days |
| Inver Grove Heights | $1,785 | 36.5% ($477) | 26 days |
| Saint Paul | $1,533 | 17.2% ($225) | 31 days |
| Lake Elmo | $3,597 | 175% ($2289) | 47 days |
| Rosemount | $1,488 | 13.8% ($180) | 28 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 $1,308 per month.
Homes in Newport typically rent for between $900 and $2,391 per month, with an average of $1,308 per month.
In Newport, the average rent for a 1-bedroom home is $1,285 per month, for a 2-bedroom home, $1,431 per month, and a 3-bedroom home is $1,839 per month.
The average rent in Newport is 27.2% ($489) lower than the national average of $1,797 per month.
The average rent in Newport has decreased by 0.2% ($3) in the last month and increased by 3.2% ($40) 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 8 rental properties available in Newport, MN.
Based on the current averages, a household would need an annual income of $57,240 to comfortably afford a 2-bedroom home in Newport.
