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Location

501 Spring St #1, Newport, RI 02840, USA

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Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

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Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

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About 501 Spring St ##1

HomeApartments in Newport 501 Spring St #1, Newport, RI 02840, USA

This inviting property offers a perfect blend of convenience, comfort, and coastal charm. Step into this beautifully appointed rental unit that features a spacious and cozy living environment. The interior showcases hardwood floors, high ceilings, stainless appliances and marble coutner tops, which offer a stylish and modern living space for you to enjoy. Relax and unwind in the bright and airy living area, perfect for entertaining guests or simply lounging after a day of exploring all that Newport has to offer. The well-equipped kitchen allows you to prepare delicious meals and dine in style, while the comfortable bedrooms provide a peaceful retreat for rest and relaxation. Located in a prime location on Spring Street, this property is just moments away from Thames, Salve, Bellevue, shops, restaurants and more.... Ensuring that you have everything you need right at your doorstep. Take a leisurely stroll to the waterfront, explore the bustling downtown area, or soak in the natural b...


Address details

Zip code02840
TypeApartment for rent

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Rent trends in Newport

3-bedroom apartments at 501 Spring St ##1 cost about 21% less than the average rent price for 3-bedroom apartments in Newport.

Median rents as of Feb 21 2026.
Newport
A table of 3-bedroom apartment rental data trends in Newport
MonthMedian Rent
March 2024$5,240
April 2024$5,062
May 2024$4,400
June 2024$4,280
July 2024$3,743
August 2024$3,516
September 2024$3,337
October 2024$3,250
November 2024$3,400
December 2024$3,500
January 2025$3,550
February 2025$3,637
March 2025$3,910
April 2025$4,075
May 2025$4,180
June 2025$4,050
July 2025$3,940
August 2025$3,753
September 2025$3,470
October 2025$3,342
November 2025$3,300
December 2025$3,275
January 2026$3,457
February 2026$3,512

Affordability calculator

Can I afford to live at 501 Spring St #1?

Bedrooms

3 bedrooms

Rent-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

$112,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $112,000 annually to afford this 3-bedrooms monthly rent price of $2,800.
For more information on rent affordability, visit our rent calculator.

Schools near 501 Spring St ##1

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 501 Spring St ##1

Getting around Newport near 501 Spring St #1

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

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 501 Spring St #1, Newport

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

7/10
Several shops within a few minutes’ walk

Cafes

5/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

3/10
At least one elementary school within a 30-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

4/10
Some bars within a few minutes’ walk

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