Disclaimer: Covid-19 may have impacted rent prices in a way that is not yet reflected in our reports. When referencing the data published on this page, please keep in mind that the data provided here may not accurately depict the current reality of the market.
Hopkins, MN Rental Market Trends
What is the average rent in Hopkins?
The average rent for an apartment in Hopkins is $1,563. The cost of rent varies depending on several factors, including location, size, and quality.
Average Rent in Hopkins, MN
Last updated December 2021
| Average Rent | Average Apartment Size |
|---|---|
| $1,563 | 950 sq. ft. |
What is the average apartment size in Hopkins?
The average size for a Hopkins, MN apartment is 950 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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
Hopkins, MN Occupied Housing Units
5,027 or 56% of the households in Hopkins, MN are renter-occupied while 3,859 or 43% are owner-occupied.
Hopkins, MN Rent Trends
| Average Rent | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | Jul / 2021 | Dec / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Hopkins, MN | $1,363 | $1,419 | $1,442 | $1,435 | $1,470 | $1,501 | $1,473 | $1,474 | $1,526 | $1,563 |
| National | $1,340 | $1,344 | $1,376 | $1,384 | $1,387 | $1,379 | $1,383 | $1,393 | $1,476 | $1,572 |
How Hopkins Compares to Other Cities
| City | Average Rent |
|---|---|
| Minneapolis | $1,635 |
| St. Paul | $1,375 |
| Bloomington | $1,511 |
| Edina | $1,585 |
| St. Cloud | $948 |
| St. Louis Park | $1,684 |
| Plymouth | $1,520 |
| Minnetonka | $1,545 |
| Coon Rapids | $1,230 |
| Eagan | $1,420 |
| Hopkins | $1,563 |
Most Popular Apartments in Hopkins
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 ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.