Apartments for Rent in New Hope, MN

Prices and availability in New Hope, MN were last updated on 13 Sep 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 $1,525.

The price range for a 1-bedroom apartment in New Hope, MN is between $1,133 and $1,555.

The price range for a 2-bedroom apartment in New Hope, MN is between $1,305 and $1,720.

The price range for a 3-bedroom apartment in New Hope, MN is between $1,155 and $1,715.

In New Hope 47% of the housing is rented out compared to 53% of homes are owned, according to the most recent Census Bureau estimates. 27% of New Hope's apartments are found in large buildings of 50 units or more, 67% are located in smaller apartment complexes with less than 50 units, and 6% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in New Hope are about 48 years old, on average. Of these, 13% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About 95% of the rental communities here are low-rise, garden-style communities, 14% are mid-rises, and 2% are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.