Hopkins, MN Rental Market Trends
Highlights
The average rent for an apartment in Hopkins is $1,473, a 3% increase compared to the previous year, when the average rent was $1,435.
Average Rent in Hopkins, MN
Average Rent | Y-o-Y Change | Average Apartment Size |
---|---|---|
$1,473 | 3% | 949 sq. ft. |
The average size for a Hopkins, MN apartment is 949 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
- $701-$1,0006%
- $1,001-$1,50056%
- $1,501-$2,00030%
- > $2,0009%
Hopkins, MN Occupied Housing Units
- Renter-occupied Households55%
- Owner-occupied Households44%
4,712 or 55% of the households in Hopkins, MN are renter-occupied while 3,707 or 44% are owner-occupied.
Hopkins, MN Rent Trends
Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Jan / 2021 |
---|---|---|---|---|---|---|---|---|---|
Hopkins, MN | $1,277 | $1,282 | $1,363 | $1,419 | $1,442 | $1,435 | $1,470 | $1,501 | $1,473 |
National | $1,381 | $1,418 | $1,428 | $1,432 | $1,468 | $1,475 | $1,477 | $1,464 | $1,462 |

How Hopkins Compares to Other Cities
Average Rent | Y-o-Y Change | |
---|---|---|
Minneapolis | $1,540 | -4% |
St. Paul | $1,283 | -2% |
St. Cloud | $881 | 2% |
Edina | $1,497 | -1% |
Bloomington | $1,440 | -1% |
St. Louis Park | $1,613 | -1% |
Plymouth | $1,428 | 1% |
Minnetonka | $1,455 | 2% |
Eagan | $1,329 | n/a |
Chaska | $1,386 | 8% |
Hopkins | $1,473 | 3% |
For more information about the Hopkins rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!