Rentometer, Inc. | Data as of 10/22/2025
New Hope, Minnesota offers a balanced rental market that blends the charm of a close‑knit community with convenient access to the Twin Cities. Renters can choose from a variety of housing options, from well‑maintained studio and one‑bedroom apartments near the downtown corridor to spacious three‑ and four‑plus bedroom houses in the family‑friendly neighborhoods bordering the Mississippi River. Typical rent falls within the $1,200‑$1,300 range for studios, while larger units such as three‑bedroom homes often land in the $2,000‑$2,600 range, reflecting the area’s mix of modern amenities and classic Midwestern appeal.
Apartment complexes in New Hope tend to feature updated interiors, on‑site fitness centers, and easy access to local cafés, the New Hope Heritage Center, and the scenic River Front Trail. For those seeking a house, the market includes a good selection of two‑ to four‑plus bedroom properties, many situated near top‑rated schools, parks, and the popular Bryant Lake Regional Park. The city’s strong sense of community is enhanced by regular events at the New Hope Public Library and seasonal festivals that draw both residents and visitors.
Strategically located just a short drive from Minneapolis and St. Paul, New Hope provides commuters with quick highway access while maintaining a tranquil, suburban atmosphere. Whether you’re a young professional drawn to the vibrant apartment scene or a growing family looking for a spacious home, the rental options in New Hope combine affordability, convenience, and a welcoming environment that makes it a standout choice in the Minnesota rental market.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,263 | $1,260 | $1,235 - $1,295 | $1,235 - $1,295 |
| Apartment | 1 Bedroom | $1,207 | $1,145 | $995 - $1,895 | $1,060 - $1,240 |
| Apartment | 2 Bedroom | $1,472 | $1,399 | $1,160 - $2,480 | $1,325 - $1,480 |
| Apartment | 3 Bedroom | $1,967 | $1,745 | $1,695 - $2,835 | $1,695 - $1,865 |
| House | 2 Bedroom | $1,913 | $1,700 | $1,500 - $2,540 | $1,500 - $2,540 |
| House | 3 Bedroom | $2,228 | $2,399 | $1,100 - $3,149 | $2,194 - $2,450 |
| House | 4+ Bedroom | $2,605 | $2,620 | $2,299 - $2,950 | $2,506 - $2,725 |
In the current period, the average rent in New Hope was $1,263 for Studio, $1,207 for 1 Bedroom, $1,528 for 2 Bedroom, $2,156 for 3 Bedroom, and $2,619 for 4+ Bedroom.
Data provided by Rentometer, Inc.