Apartments for Rent in New Hope, MN

Prices and availability in New Hope, MN were last updated on 20 Sep 2026.

The best apartments in New Hope, MN are: Continental Apartments, Parkridge Way Apartments, Compass Pointe, Tradewinds Apartments and Pheasant Park Apartments.

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 $1,435.

The price range for a 1-bedroom apartment in New Hope, MN is between $1,133 and $1,525.

The price range for a 2-bedroom apartment in New Hope, MN is between $1,220 and $1,760.

The price range for a 3-bedroom apartment in New Hope, MN is between $1,135 and $2,100.

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 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.

Studio apartments in New Hope are around 0.4% of rentals, while 1-bedroom floor plans represent 56% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.