Hopkins, MN Rental Market Trends
Highlights
The average rent for an apartment in Hopkins is $1,435, a 5% increase compared to the previous year, when the average rent was $1,363.
Average Rent in Hopkins, MN
Last updated November 2019
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,435 | 5% | 946 sq. ft. |
The average size for a Hopkins, MN apartment is 946 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Hopkins, MN Apartment Rent Ranges
- $701-$1,0008%
- $1,001-$1,50057%
- $1,501-$2,00029%
- > $2,0007%
Hopkins, MN Occupied Housing Units
- Renter-occupied Households54%
- Owner-occupied Households45%
4,475 or 54% of the households in Hopkins, MN are renter-occupied while 3,810 or 45% are owner-occupied.
Hopkins, MN Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hopkins, MN | $1,210 | $1,231 | $1,265 | $1,270 | $1,277 | $1,282 | $1,363 | $1,419 | $1,442 | $1,435 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
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How Does Hopkins Compare to Nearby Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,593 | 3% |
| Edina | $1,509 | 5% |
| St. Louis Park | $1,622 | 4% |
| Bloomington | $1,448 | 5% |
| Plymouth | $1,419 | 5% |
| Minnetonka | $1,427 | 5% |
| Brooklyn Center | $1,054 | 5% |
| St. Anthony | $1,154 | 2% |
| Eden Prairie | $1,489 | 6% |
| Hopkins | $1,435 | 5% |
For more information about the Hopkins rental trends, check out our monthly rent report
Cheapest Listings on RENTCafé
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hopkins apartment buildings 50 units or larger. Yardi Matrix covers ~90% of the U.S. metro area population, including ~17 million apartments across more than 130 U.S. markets.