Low Income Apartments and Affordable Housing For Rent in Newport, RI

Discover affordable housing in Newport where there are 18+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

calendar_today Opened: Dec 17
Open Until Further Notice

Reported On February 23rd, 2024 by Ayat Elkarib

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Newport, Rhode Island
$42.99/hour
$28.99 (+207%) more than Rhode Island minimum wage and $35.74 (+493%) more than the Federal minimum wage.
Learn More About Newport, Rhode Island Affordable Housing ↓

What HUD offices serve Newport, Rhode Island?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Newport, Rhode Island.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Newport, Rhode Island.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Newport, Rhode Island.

Go to the Rhode Island Public Housing and Low-Income Apartments Waiting Lists page for openings near Newport.

How many renters live in Newport, Rhode Island?

The City of Newport has 25,087 people living in 10,645 households.

There are 11,252 renters living in 5,595 renter households in this City. Renters make up 44.85 percent of the population living in Newport.

What is the rental market like in Newport, Rhode Island?

There are an estimated 13,605 housing units in the Newport area. Of these, 6,303 units are rental homes, making up 46 percent of the housing market. For every renter household in Newport, Rhode Island, there are 1 rental units.

What is the vacancy rate for rentals in Newport?

The rental vacancy rate in Newport is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Newport for each bedroom size?

Occupied Rental Units by Size in Newport
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
337 1,546 2,194 1,060 360
Occupied Rental Units by Size in Newport

A large number of apartments in Newport have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Newport are overburdened by housing costs?

Among renter households in this market, 48 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Newport

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,716 to $3,593. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,716
One BR $1,728
Two BR $2,270
Three BR $2,999
Four BR $3,593
2024 Fair Market Rents in Newport, Rhode Island

How many units are rented at Fair Market Rent (FMR) in Newport?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 255 76 percent
One BR 1,093 71 percent
Two BR 879 40 percent
Rental Units Below FMR in Newport, Rhode Island

How many affordable rental units are in Newport?

There are a variety of federal affordable housing programs serving households in Newport, Rhode Island including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 657
Public Housing 632
Section 8 Project-Based Rental Assistance 498
Section 202 Supportive Housing for the Elderly 40
Tracked Units by Federal Program in Newport, Rhode Island

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Newport, Rhode Island

Newport features 944 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Newport, Rhode Island

There are 311 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newport.

Housing Choice Vouchers in Newport, Rhode Island

On average, Section 8 Housing Choice vouchers pay Newport landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Newport.

The maximum amount a voucher would pay on behalf of a low-income tenant in Newport, Rhode Island for a two-bedroom apartment is between $2,043 and $2,497.

Sourced from federal housing data and AffordableHousingOnline.com research.