New Hope, MN Rental Market Trends
The average rent for an apartment in New Hope is $1,203, a 4% increase compared to the previous year, when the average rent was $1,152.
Average Rent in New Hope, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,203||4%||883 sq. ft.|
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
- > $2,0002%
New Hope, MN Occupied Housing Units
- Renter-occupied Households37%
- Owner-occupied Households62%
3,071 or 37% of the households in New Hope, MN are renter-occupied while 5,167 or 62% are owner-occupied.
New Hope, MN Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How New Hope Compares to Other Cities
|Average Rent||Y-o-Y Change|
|St. Louis Park||$1,609||2%|
For more information about the New Hope rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!