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Location
108 Prospect Hill St, Newport, RI 02840, USA
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Amenities for 108 Prospect Hill St
Features
| Central Air | Fireplace |
| Three Floors |
Appliances
| Dishwasher | In-Unit Laundry |
Community
| Basement | Exterior Type: Plaster |
| Onsite Laundry |
Grounds
| Assigned Parking | Garage Parking |
Other
| Architecture Style: Colonial | Exterior Type: Other Siding |
| Exterior Type: Wood | Heat Pump Heating |
| Nine Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
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About 108 Prospect Hill St
Property Status: Active Available July 2026. Built in 1749 and meticulously restored in 2024, this extraordinary Newport home blends historic charm with modern luxury. Listed on the National Register of Historic Places, this beautifully renovated 2,652-square-foot residence offers four bedrooms and four full bathrooms and is available as a premier summer rental in the heart of downtown Newport. Mahogany decks on every level, including the third floor, provide the perfect place to enjoy Newport's coastal air. The first floor features a flexible bedroom or den, a dining room with a wet bar, and a living room with custom wall paneling and a gas fireplace, all accented by refinished wide-plank white pine floors. The chef's kitchen features high-end appliances, Taj Mahal quartzite countertops, and elegant finishes. Upstairs, the primary suite includes a gas fireplace and a luxurious bathroom, along with a second guest bedroom, full bathroom, sitting area, and laundry room. The third floor offers additional living space with a custom bar, full bathroom, and a charming bunk room with three built-in beds. Additional highlights include a private bluestone patio with cedar fencing, and two off-street parking spaces. Ideally located just steps from Newport's renowned restaurants, shops, and the harbor, this home offers an exceptional opportunity to enjoy summer in Newport. Office Phone: (401) 864-3596 Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 108 Prospect Hill St compares to other nearby properties.
Positives
- More space
- The 4-bedroom is 865 sqft larger than other listings nearby
- Middle school nearby
- There is a middle school 0.5 mile away
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Zip code | 02840 |
|---|---|
| Type | House for rent |
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Rent trends in Newport
4-bedroom apartments at 108 Prospect Hill St cost about 596% more than the average rent price for 4-bedroom apartments in Newport.
Median rents as of Mar 14 2026.
Newport
| Month | Median Rent |
|---|---|
| March 2024 | $10,000 |
| April 2024 | $11,500 |
| May 2024 | $12,083 |
| June 2024 | $10,200 |
| July 2024 | $8,250 |
| August 2024 | $6,000 |
| September 2024 | $4,256 |
| October 2024 | $4,187 |
| November 2024 | $4,750 |
| December 2024 | $7,500 |
| January 2025 | $8,125 |
| February 2025 | $8,475 |
| March 2025 | $8,800 |
| April 2025 | $8,125 |
| May 2025 | $9,100 |
| June 2025 | $10,000 |
| July 2025 | $9,500 |
| August 2025 | $5,892 |
| September 2025 | $4,900 |
| October 2025 | $4,800 |
| November 2025 | $5,345 |
| December 2025 | $7,500 |
| January 2026 | $6,857 |
| February 2026 | $5,500 |
| March 2026 | $5,625 |
Affordability calculator
Can I afford to live at 108 Prospect Hill St?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$1,600,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $1,600,000 annually to afford this 4-bedrooms monthly rent price of $40,000.
For more information on rent affordability, visit our rent calculator.
Schools near 108 Prospect Hill St
Claiborne Pell Elementary School
35 dexter st
newport, RI, 2840
PK, K-4Public
C+
Wilbur & McMahon Schools
28 commons
little compton, RI, 2837
PK, K-8Public
A-
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Internet available near 108 Prospect Hill St
Getting around Newport near 108 Prospect Hill St
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 108 Prospect Hill St, Newport
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
9/10
Wide variety of shops within a few minutes' walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
5/10
Some bars within a few minutes’ walk
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