New Hope, MN Rental Market Trends
What is the average rent in New Hope?
The average rent for an apartment in New Hope is $1,204, a change amounting to approximately 0% compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Minneapolis, MN.
Average Rent in New Hope, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,204||0%||883 sq. ft.|
What is the average apartment size in New Hope?
The average size for a New Hope, MN apartment is 883 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.
New Hope, MN Apartment Rent Ranges
- > $2,0004%
New Hope, MN Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
3,106 or 37% of the households in New Hope, MN are renter-occupied while 5,188 or 62% are owner-occupied.
New Hope, MN Rent Trends
|Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||May / 2021|
How New Hope Compares to Other Cities
|Average Rent||Y-o-Y Change|
|St. Louis Park||$1,596||-1%|