New Hope, MN Rental Market Trends

What is the average rent in New Hope?

The average rent for an apartment in New Hope is $1,355. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in New Hope, MN

Last updated July 2023

Average Rent	Average Apartment Size
$1,355	878 sq. ft.

What is the average apartment size in New Hope?

The average size for a New Hope, MN apartment is 878 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

New Hope, MN Occupied Housing Units

3,962 or 44% of the households in New Hope, MN are renter-occupied while 4,975 or 56% are owner-occupied.

New Hope, MN rent trends

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How New Hope Compares to Other Cities

City	Average Rent
Minneapolis	$1,680
Minneapolis	$1,680
St. Paul	$1,426
St. Paul	$1,426
Moorhead	$1,014
Rochester	$1,489
St. Louis Park	$1,802
St. Louis Park	$1,802
St. Cloud	$1,069
Bloomington	$1,686
Edina	$1,727
Bloomington	$1,686
Edina	$1,727
Burnsville	$1,468
Minnetonka	$1,651
Minnetonka	$1,651
Coon Rapids	$1,363
Plymouth	$1,602
Eden Prairie	$1,704
Hopkins	$1,669
New Hope	$1,355

What is the average price for a storage unit in New Hope?

The average rent for a non-climate-controlled 10'x10' storage unit in New Hope is $120. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.