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1020 West Medicine Lake Drive, Plymouth, MN 55441- 3 BEDS
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Rent prices in cities near New Hope
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Look for 3 bedroom apartments near me
Are you looking to upgrade to a larger apartment? Are there certain requirements that you and your family need to be able to find the perfect apartment? Browse 3 bedroom apartments near you on RentCafe to find the one that fits your family. Filter by size, price, and amenities both inside and outside the apartment, and check reviews by verified residents, to make sure you are choosing the apartment that is perfect for you and your family.
Browse for 3 bedroom apartments near you, whether you want to stay in the same neighborhood or ZIP code, or in any city in the U.S. that you plan on moving to. We can help you find the one that is near all the essential places, such as stores, parks, schools and even your job, at the price that suits your budget. Your next home is waiting, let's find it!
New Hope, MN Demographics
- Total Population20,913
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Female 9,955Male 10,958
- Median Age39.5
A total population of 20,913 lives in New Hope, MN, according to data published by the U.S. Census Bureau. Population statistics show that 10,958 of New Hope’s residents are women and 9,955 are men. The median age of the population in New Hope, MN is 39.5.
Average Rent in New Hope, MN
- New Hope, MN Average Rental Price, July 2022 $1,321 /mo
Apartments for rent in New Hope, MN have an average price of $1,321 per month.
New Hope, MN Apartment Rent Ranges
About 16% of apartments in New Hope, MN have rents ranging between $1,501-$2,000. The second most common rent range is over > $2,000, 5% of apartments. Around 67% of New Hope’s apartments are in the $1,001-$1,500 price range. 11% of apartments are priced between $701-$1,000.
New Hope, MN Rent Trends
| Average Rent | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Nov / 2021 | Mar / 2022 | Jul / 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
| New Hope, MN | $1,193 | $1,175 | $1,203 | $1,200 | $1,213 | $1,204 | $1,245 | $1,279 | $1,288 | $1,321 |
| National | $1,407 | $1,415 | $1,416 | $1,406 | $1,410 | $1,418 | $1,501 | $1,596 | $1,634 | $1,706 |
Compared to the average rent in the U.S. of $1,706, the rent in New Hope, MN is $1,321 per month.
New Hope, MN Households
- Total Number of Households8,537
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Family 5,158Non-family 3,379
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Children 2,681No Children 5,856
- Average People Per Household2.36
- Median Household Income$60,762
- Median Housing Costs Per Month$1,146
According to the U.S. Census, there are 8,537 households in New Hope, MN. The Census estimates also show that 5,158 are family households and 3,379 are non-family households. Moreover, New Hope has 2,681 households with children in New Hope and 5,856 households without children. On average, about 2.36 people constitute a household in New Hope, MN. The median income of a New Hope household living in New Hope is $60,762 per year. The housing costs per month are estimated around $1,146.
New Hope, MN Education Statistics
According to U.S. Census Bureau estimates, the share of residents in New Hope, MN that have no high school education is 3%, and the share of those who went to high school is 31%. 29% of residents have some college education, 8% have an Associate Degree, while 22% have a Bachelor Degree, and a share of 6% have a Graduate Degree.
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Most Expensive 3 Bedroom Apartment
Ironwood $1,270 - $4,930 -
Cheapest 3 Bedroom Apartment
Burgundy And Hillsboro $1,065 - $2,210
Renting a 3 bedroom apartment in New Hope, MN
Upgrading to a 3 bedroom apartment can have its pros and cons. Most renters who are looking for a three bedroom rental is because they need extra space for a home office, or for a child. This size apartment is also practical to share with roommates as it actually saves money on rent when 3 or 4 people get together to rent a 3 bedroom unit. They are very spacious, averaging around 1,030 Sq.Ft.. Or you can get even more space if you select “3+” beds in the top menu. The only down side is that they cost more. In New Hope, MN, rents on 3 bedroom apartments go up to $5,716. 25 rental properties offer 3 bedroom units in New Hope, MN to choose from. You are more likely to find 3 bedroom apartments in primarily residential neighborhoods, away from business districts and urban cores.
Tips on finding a cheap 3 bedroom apartment in New Hope, MN
For most renters, the cost of rent is the major pain point. The larger the apartment, the more money comes out of their pocket. For that reason, cheap 3 bedroom apartments are in high demand and hard to come by. Though rent prices can go as low as $1,015 in New Hope, MN, the market is still tight. But with a little diligence and some handy search tools, you will find an affordable apartment. Try an area that’s further away from the main city attractions, or try an older building that may have cheaper apartments and a ton of charm. Try searching in more affordable neighborhoods, like New Hope or another nearby. Sometimes lower-priced residential areas have diversity and ethnic authenticity that lend them a lot of character and color.