5+ Days Ago
Highlights
- No smoking
- New hard flooring
- Coveted attached garage
- Brand new washer & dryer
- Tenant pays utilities (gas, electric, water, wifi)
Location
31 Franklin St #2, Newport, RI 02840, USA
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Property Overview
Featuring new hard flooring and a coveted attached garage, this residence offers modern living with convenience. Renters will find value in the ample visual information provided by the 48 photos and the competitive price per square foot, which ranks in the top 27% in the area. Additional highlights include a brand new washer and dryer, while tenants are responsible for utilities, ensuring manageable living costs.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Images Available
Great for
Social life
Amenities for 31 Franklin St #2
Apartment Amenities
| Air Conditioning | Baseboard |
| Furnished |
Appliances
| Dishwasher | In-Unit Laundry |
Grounds
| Garage Parking |
Other
| Four 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
Contact for more information on pet policy.
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About 31 Franklin St #2
Property Status: Active MILITARY FAVORITE! FURNISHED WINTER RENTAL AVAILABLE 9/8/2025 Until June 2026 LOCATION LOCATION LOCATION!! Rent includes Hi Speed WiFi and Water w/ a $50 cap per occupant. Tenant pays Gas Heat and Electricity. You will love this bright and cheery 2nd floor, in town condo! (in a QUIET, bldg w/ PROFESSIONAL tenants-3 units total). Enjoy watching the happenings at Memorial and Thames from your private deck. This 2 bedroom (New Queen beds in each room), 1 bath condo is fully furnished, just bring your suitcase! New hard flooring recently installed throughout. Brand new washer & dryer in unit. 3 Window air conditioners available if needed. Coveted Attached Garage space (parking for 1 car), but you may not need it, as you are seconds to a myriad of restaurants/shops/coffee/marinas. Close proximity to Spring St, Bellevue Ave, Thames and more! This little gem is at the center all it all, yet secretly tucked away off of the street. No smoking. A dog may be considered on a case by case basis and with strong references. Office Phone: (401) 236-8685 Copyright © 2025 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 31 Franklin St #2 compares to other nearby properties.
Positives
- More space
- The 2-bedroom is 136 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
Address details
| Zip code | 02840 |
|---|---|
| Type | Condo for rent |
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Rent trends in Newport
2-bedroom apartments at 31 Franklin St #2 cost about 13% less than the average rent price for 2-bedroom apartments in Newport.
Median rents as of Sep 6 2025.
Newport
| Month | Median Rent |
|---|---|
| September 2023 | $2,500 |
| October 2023 | $2,606 |
| November 2023 | $2,662 |
| December 2023 | $3,100 |
| January 2024 | $3,250 |
| February 2024 | $3,000 |
| March 2024 | $3,180 |
| April 2024 | $3,231 |
| May 2024 | $3,250 |
| June 2024 | $3,225 |
| July 2024 | $2,862 |
| August 2024 | $2,780 |
| September 2024 | $2,625 |
| October 2024 | $2,625 |
| November 2024 | $2,800 |
| December 2024 | $2,925 |
| January 2025 | $2,937 |
| February 2025 | $2,993 |
| March 2025 | $3,065 |
| April 2025 | $3,275 |
| May 2025 | $3,350 |
| June 2025 | $3,218 |
| July 2025 | $2,920 |
| August 2025 | $2,835 |
| September 2025 | $2,750 |
Affordability calculator
Can I afford to live at 31 Franklin St #2?
Bedrooms
2 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
$96,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $96,000 annually to afford this 2-bedrooms monthly rent price of $2,400.
For more information on rent affordability, visit our rent calculator.
Schools near 31 Franklin St #2
Claiborne Pell Elementary School
35 dexter st
newport, RI, 2840
PK, K-4Public
C+
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Internet available near 31 Franklin St #2
Getting around Newport near 31 Franklin St #2
Walking
9/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 31 Franklin St #2, 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
Variety of cafés within walking distance
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
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Variety of bars within a few minutes' walk
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