Performance indicators for the Newport short-term rental market based on reliable data.
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The highest-performing listings in Newport.
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Challenging to Investors
STRs are only viable citywide in commercial/industrial zones; residential areas are effectively off-limits unless owner-occupied. Investors face dual state/city registration, special-use permitting in limited-business zones, fire code upgrades for >5 guests, parking requirements, and $500–$1,000 annual fees with inspections—creating a clear but costly, restrictive compliance path that meaningfully deters investment.
Local STR Agent
STR specialist · Newport, RI
Newport, Rhode Island, is a picturesque coastal city known for its rich history, charming streets, and maritime heritage. Located on Aquidneck Island in Narragansett Bay, Newport boasts a population of approximately 24,000 residents. It is situated roughly 33 miles south of Providence, Rhode Island's capital city, and about 74 miles from Boston, Massachusetts.
Newport is famed for its stunning Gilded Age mansions, which draw visitors from far and wide. The most notable of these is The Breakers, a 70-room Italian Renaissance-style palazzo that served as the summer home for the Vanderbilt family (Learn more: The Breakers). The Cliff Walk, a public access walkway that combines the natural beauty of Newport's shoreline with the architectural history of the city’s gilded mansions, is another major attraction (Learn more: Cliff Walk). Additionally, Fort Adams, an impressive coastal fortification, offers tours and hosts various events throughout the year (Learn more: Fort Adams).
The city also plays host to the International Tennis Hall of Fame, celebrating the sport's legends (Learn more: International Tennis Hall of Fame), and the annual Newport Jazz Festival, which draws musicians and fans from around the world.
Given its proximity to major cities and wealth of attractions, Newport is an appealing destination for short-term rentals. Visitors can enjoy the historical sites, coastal scenery, and cultural events, making it a choice location for both leisurely vacations and special events. The diverse range of accommodations, from quaint bed and breakfasts to luxurious waterfront homes, caters to various tastes and preferences, enhancing Newport’s allure as a short-term rental destination.