Apartments for Rent in New Hope, MN

Prices and availability in New Hope, MN were last updated on 23 Aug 2026.

The best apartments in New Hope, MN are: Continental Apartments, Parkridge Way Apartments, Compass Pointe, Tradewinds Apartments and Burgundy And Hillsboro.

The average rent in New Hope, MN is $1,371.

The price range for a studio apartment in New Hope, MN is between $1,155 and $1,530.

The price range for a 1-bedroom apartment in New Hope, MN is between $1,090 and $1,515.

The price range for a 2-bedroom apartment in New Hope, MN is between $1,373 and $1,825.

The price range for a 3-bedroom apartment in New Hope, MN is between $1,095 and $1,825.

In New Hope, 47% of the residents are renting compared to 53% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 27% of New Hope's rentals, 67% are small-scale complexes with under 50 units, and 6% are single-family rentals.

The average age of rental buildings in New Hope is 48 years old, with 13% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 14% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in New Hope come in a range of sizes and floorplans. Studio apartments represent 0.4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 56% of the total apartments in the city, while 2-bedroom floorplans represent around 40% of all rentals in New Hope. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.