Newport-Middleton-Portsmouth Fair Market Rent FY 2023 Newport-Middleton-Portsmouth, RI HUD Metro FMR Area Rental Data

Fair Market Rent prices in Newport-Middleton-Portsmouth are very high compared to the national average. This FMR area is more expensive than 98% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Newport-Middleton-Portsmouth is $1,976 per month.

The previous year, rent for a two-bedroom home was $1,705 per month. This is a 15.89% increase year-over-year.

This FMR rate applies to Adamsville, RI, Prudence Island, RI, Little Compton, RI, Jamestown, RI, Middletown, RI, Tiverton, RI, Portsmouth, RI, Newport, RI and other cities within the region. The Metro Code or CBSA code for this region is METRO39300N44005.

Additionally, This Fair Market Rent (FMR) area Newport-Middleton-Portsmouth, RI HUD Metro FMR Area spans three counties or cities in Rhode Island which ares listed in the table below. Estimated population of Newport-Middleton-Portsmouth, RI HUD Metro FMR Area FMR area is 58,011 people based on latest Census data.

Compared to the rest of Rhode Island, the Newport-Middleton-Portsmouth FMR area is more expensive than 75% of the state.

Median Rent Prices in Newport-Middleton-Portsmouth

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50^th Percentile Rental Prices: