Narragansett, Rhode Island Short-Term Rental Market
Narragansett, RI STRs averaged $185/night at 56.9% occupancy in April 2026, with July and August averaging $5,326 to $5,343 monthly revenue per listing.
Quick Answer: Narragansett, Rhode Island is an active short-term rental market. average occupancy is 57%. average monthly revenue is $2,606. average daily rate is $185. the top operator is Narragansett Properties- List, Rent, Invest with 117 listings. market score is 51/100 (grade D).
Market Score Breakdown
Five dimensions Apivex evaluates per market.
Market Overview
Narragansett, RI is a coastal beach community in Washington County, home to Narragansett Beach, the South County surf coast, and the gateway to Block Island Ferry. The STR market carries 4,346 entire-place listings, 715 private-room listings, and 3 shared-room units. Bedroom distribution: 1,607 one-bedroom, 1,201 two-bedroom, 1,142 three-bedroom, 642 four-bedroom, and 465 five-bedroom listings.
In April 2026, the market posted a $184.98 average daily rate, 56.9% occupancy, and $2,607 average monthly revenue per listing. RevPAR was $105.22. Year-over-year, occupancy fell 2.67 percentage points and revenue declined 5.21%, while ADR gained 6.98%, indicating operators are raising rates to partially offset demand softness. Channel split: 2,764 Airbnb-only listings, 541 VRBO-only, and 1,759 on both platforms. The market’s total score is 51.23 out of 100, with a revenue growth score of 84.01, reflecting strong long-run revenue trajectory even against recent softness.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 45% | $134 | $1,795 |
| Feb | 55% | $135 | $1,819 |
| Mar | 57% | $137 | $2,027 |
| Apr | 59% | $152 | $2,254 |
| May | 61% | $190 | $2,508 |
| Jun | 65% | $256 | $3,752 |
| Jul | 75% | $284 | $5,326 |
| Aug | 74% | $286 | $5,343 |
| Sep | 55% | $220 | $3,097 |
| Oct | 53% | $182 | $2,661 |
| Nov | 49% | $157 | $2,126 |
| Dec | 49% | $148 | $1,990 |
Top Short-Term Rental Operators in Narragansett
Ranked by total active listings. Useful for understanding the competitive landscape.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | Narragansett Properties- List, Rent, Invest | 117 | 2,106 | ★ 4.66 |
| 2 | Ann Obrien Realty | 75 | 327 | ★ 4.54 |
| 3 | Haûte Hospitality LLC Vacation Rentals | 69 | 2,331 | ★ 4.36 |
| 4 | Evolve | 62 | 2,181 | ★ 4.56 |
| 5 | Lila Delman Real Estate International | 41 | 288 | ★ 4.56 |
What Kind of STR Should I Buy in Narragansett?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 1,607 |
| 2 bed | 1,201 |
| 3 bed | 1,142 |
| 4 bed | 642 |
| 5 bed | 465 |
ADR by Property Tier
| Entire Home | $215 |
| Luxury | $459 |
| Professionally Managed | $210 |
Revenue by Dwelling Type
| Apartment | $2,350 |
| Entire Place | $2,926 |
| House | $2,943 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 54.6% |
| vrbo | 10.7% |
| both | 34.7% |
Investment Analysis
Narragansett’s investment profile carries high entry costs relative to STR revenue output, consistent with premium New England coastal real estate. The typical home value is $847,637, with active listings median-priced at $951,150 and 49 properties for sale. Median days to pending is just 8 days, indicating very fast turnover on available inventory.
At April 2026’s average revenue of $2,607 per month, projecting 12 months yields approximately $31,278 annually, a gross return of roughly 3.7% on a median-valued asset. The seasonal peak months (July at $5,326 and August at $5,343 average monthly revenue) materially improve full-year totals for well-positioned beach properties. Using the 2025 annual average monthly revenue of $3,650, a 12-month projection of $43,800 yields approximately 5.2% on the median-valued asset. Professional management commands only a modest ADR premium: $210.31 versus the market average of $184.98, a 14% lift. Luxury-tier properties average $459.28 per night, 148% above the market average. Revenue for houses averages $2,943 per month versus $2,926 for entire-place listings broadly and $2,350 for apartments.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
Narragansett guests book approximately 38.7 days in advance and stay an average of 3.94 nights. The 38-day lead window reflects New England beach vacationers planning summer getaways about 5 to 6 weeks ahead, consistent with a market where summer inventory fills months before peak. The 3.94-night average stay indicates a mix of long-weekend (3-night) and short-week (5-night) beach trips. Operators who establish minimum stays of 5 to 7 nights during July and August capture the most revenue per booking and reduce turnover during the most profitable 8 to 10 weeks of the year. Outside peak summer, 2-night minimums help fill midweek gaps in the shoulder months (May, June, September) when demand is meaningful but not peak.
Short-Term Rental Regulations
Narragansett’s STR regulatory environment is in active litigation. The town requires all rental dwelling units to register annually with the Building Inspector at $120 per unit (due August 31, valid September 1 through August 31). Failure to register carries a $250 fee plus a $300 late fee.
In May 2024, the Town Council adopted Chapter 1123, a sweeping STR-specific ordinance that would require a separate STR permit ($375 for residents, $750 for non-residents, plus a $200 application fee), impose a 7-consecutive-night minimum stay, cap total STR permits (1,100 in 2024, 1,000 in 2025, and 900 in 2026), and ban large events such as weddings. In October 2024, the Rhode Island Superior Court issued a temporary restraining order and preliminary injunction blocking enforcement, finding the town likely violated the Zoning Enabling Act’s notice requirements. Litigation remains pending as of 2025. Currently, only the $120 general rental registration applies. Investors should track the litigation outcome, as an adverse ruling for the town would allow Chapter 1123 to take effect, imposing the permit cap and minimum-stay requirement.
On the tax side, effective January 1, 2026, Rhode Island imposes a combined 14% lodging tax on STRs: 7% state sales tax, 5% state hotel tax, and 2% local hotel tax, with an additional 5% whole-home STR tax applicable to entire-home rentals. Operators should confirm the current total tax stack with the Rhode Island Division of Taxation before listing.
Market Comparison
At 56.9% occupancy in April 2026, Narragansett is near the US STR median annual occupancy of approximately 55%. The July and August peaks at 73.6% to 75.1% are well above the US median, reflecting concentrated summer beach demand. The April 2026 ADR of $184.98 is below the US STR median of approximately $220, reflecting that this market has a large one-bedroom share that pulls the average below the coastal premium.
The market is served by local specialists. Narragansett Properties leads with 117 listings and 2,106 reviews at a 4.660 rating. Ann Obrien Realty holds 75 listings with 327 reviews at a 4.542 rating. Haute Hospitality LLC follows with 69 listings and 2,331 reviews at a 4.364 rating. Evolve operates 62 listings at a 4.560 rating. Lila Delman Real Estate International rounds out the top five with 41 listings at a 4.564 rating. The top five account for 364 listings combined. The dominance of local real estate firms among the top operators is distinctive and reflects the commission-based real estate sales culture prevalent in coastal Rhode Island.
Frequently Asked Questions About Narragansett, Rhode Island
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