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Studio Apartments for Rent in New Hope, MN
29 Rentals Available

3-22-city

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Average rent in New Hope, MN

$1,321/mo New Hope, MN average rental price, February 2023
Image Average Rent

Apartments in New Hope, MN rent for $1,321 per month, on average.

New Hope, MN apartment rent ranges

11% of apartments in New Hope, MN are priced between $701-$1,000. About 67% charge rents in the $1,001-$1,500 range. Approximately 16% of New Hope’s apartment rentals are priced between $1,501-$2,000. Meanwhile, 5% of apartments are in the most expensive > $2,000 range.

New Hope, MN rent trends

Check out the average rent prices in New Hope by neighborhood.

The average monthly rent in New Hope, MN is around $1,321, while the national average rent is $1,727.

Getting around in New Hope, MN

60 /100
Somewhat Walkable
27 /100
Some Transit
51 /100
Bikeable
Walk Score®: 60, Transit Score®: 27, Bike Score®: 51

Frequently asked questions

What is the average size of a studio apartment in New Hope, MN?

The average New Hope, MN studio apartment size is 724 sq. ft.

What are the advantages of renting a studio apartment in New Hope, MN?

Studio apartments in New Hope, MN tend to be more affordable than other apartments and they have lower utility costs.

What are the downsides of renting a studio apartment in New Hope, MN?

One of the downsides of living in a studio apartment is the limited storage space. You might be interested in 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, or browse all RentCafe apartments for rent in New Hope, MN.

New Hope, MN demographics

The total population of New Hope, MN is 20,913, of which 9,955 are men and 10,958 are women, according to the most recent U.S. Census Bureau estimates. The residents of New Hope have a median age of 39.5.

New Hope, MN households

  • 5,158 Family
    3,379 Non-family
  • 2,681 Children
    5,856 No Children
  • 8,537Total Number of Households
  • 2.36Average People Per Household
  • $60,762Median Household Income

A total of 8,537 households live in New Hope, MN, of which 5,158 are family households and 3,379 are non-family households, per U.S. Census estimates. Of these, approximately 2,681 households have children and 5,856 households do not have children. The average size of a household in New Hope, MN is 2.36. The median household income in New Hope is $60,762 annually, with $1,146 per month going towards housing.

New Hope, MN education statistics

According to Census data, 3% of the population in New Hope, MN have no high school education, 31% went to high school, 29% have some college education, 8% earned an Associate Degree, 22% earned a Bachelor Degree, and 6% earned a Graduate Degree.

Look for studio apartments near me

Are you looking to land a small but cool studio apartment near you? Is an unbeatable location more important to you than lots of space? You can now browse through all available RentCafe listings, to find the perfect studio apartment near you, in your favorite neighborhood, ZIP code, or in another city or state in the U.S. wherever life takes you. Check the ratings and reviews of properties with studio apartments, filter them based on your criteria, and find the one that suits your needs.

Compare the size, price and location, as well as amenities, both inside and outside the apartment. Whether you are looking for a more modern studio near you, or one in a charming old building, or maybe you want to be close to a certain park, the downtown area of your city, or near family or friends, RentCafe allows you to find the best fit for you - so, let's find your new home!

Renting a studio apartment in New Hope, MN

Studio apartments are becoming more popular than ever. Just type the two words in your search box and you’ll discover an infinite number of pages praising these single bedroom apartments and offering invaluable advice on how to transform yours into the perfect home. Whether you’re looking to put some money aside, or you just want to declutter and downgrade, RentCafe will help you choose from a fine selection of 25 New Hope, MN properties. About 25 rental units are located in New Hope, MN, with the average rent currently at $1,639. The average size for a New Hope, MN studio apartment is 884 Sqft, but it doesn’t hurt to know that not all studios are the same. If you’re looking for cheap apartments, you can find a great deal for as low as $835. One room apartments with the kitchen in the main room are usually the most affordable. Opting for a cheap studio is a great decision for your wallet, even if it might take some getting used to living in a smaller space.

They’re not called efficiency apartments for nothing

We might all be victims of the “go big or go home” philosophy, but just think about all the benefits a small apartment can bring. Choosing an efficiency apartment means that you can live in the best part of town. Also, imagine how little time you’ll have to spend cleaning or how little money you need to spend on furniture and decor. Once you find an efficiency apartment you like, don’t let it slip away. You can apply for a lease online right here on RentCafe. If you still want to go bigger and you’re not on a tight budget, you can check out some bachelor flats that have a separate kitchen. They tend to cost more than a one room apartment, the most expensive studios in New Hope, MN renting for up to $5,875. Regardless of your preference, among the 25 New Hope, MN apartments are, you’re sure to find a studio that fits your lifestyle and your personal taste.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!