Compared to the national average rent of $1,741, the average rent in New Hope, MN is $1,331.
Average rent in New Hope, MN
$1,331/mo
New Hope, MN average rental price, January 2026
The average monthly rent of apartments in New Hope, MN is $1,331.
What's the typical rent budget in New Hope, MN?
About 2% of apartment rents in New Hope, MN range between $2,001-$2,500.
Meanwhile, apartments around $2,501-$3,000 represent 1% of apartments.
Around 21% of New Hope’s apartments are in the $1,501-$2,000 price range. 76% of apartments are priced
between $1,001-$1,500.
The largest share of rentals in New Hope, MN (76%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
What is the price range for a studio apartment in New Hope, MN?
The price range for a studio apartment in New Hope, MN is between $1,120 and $3,145.
What is the price range for a 1-bedroom apartment in New Hope, MN?
The price range for a 1-bedroom apartment in New Hope, MN is between $1,010 and $1,845.
What is the price range for a 2-bedroom apartment in New Hope, MN?
The price range for a 2-bedroom apartment in New Hope, MN is between $1,250 and $3,145.
What is the price range for a 3-bedroom apartment in New Hope, MN?
The price range for a 3-bedroom apartment in New Hope, MN is between $1,110 and $3,145.
What type of rental buildings are in New Hope, MN?
In New Hope 48% of the housing is rented out compared to 52% of homes are owned, according to the most recent Census Bureau estimates. 28% of New Hope's apartments are found in large buildings of 50 units or more, 68% are located in smaller apartment complexes with less than 50 units, and 5% are single-family rentals.
What do typical apartment communities look like in New Hope, MN?
The average age of rental buildings in New Hope is 46 years old, with 13% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which 95% are garden-style apartment communities, 14% are mid-sized buildings, and 2% are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.
What apartment floorplans are common in New Hope, MN?
Studio apartments in New Hope are around 0.4% of rentals, while 1-bedroom floor plans represent 56% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 40% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.
Renter's guide to New Hope, MN
The city of New Hope is located in Hennepin County, Minnesota. It’s a suburb of nearby Minneapolis and offers a mix of urban and suburban vibes. Parks and lakes can be found dotted throughout the city, ensuring there are plenty of green spaces for residents to enjoy. It’s popular with young families and retirees and ranks as the 9th most diverse suburb in Minnesota. It also ranks as the 32nd best suburb for young professionals, drawn in by affordable rents and house prices.
With a population of 20,909, New Hope is a mid-sized suburb that covers just 5.11 sq. miles, ensuring there’s plenty of space. It’s surrounded by a number of larger cities and suburbs, including Plymouth, Maple Grove, and Brooklyn Park, which all have at least 3 times the population of New Hope. However, neighboring Crystal is similarly sized in terms of both population and area. Compared to Minneapolis proper, New Hope is around 21 times smaller.
New Hope enjoys a convenient location, with downtown Minneapolis just 11 miles southeast of the City. Highway 169 runs north to south and forms the city’s western border, providing quick and easy access to travel in all directions. This highway connects to several interstates and freeways, such as interstate 94, which will take you the 60 miles northwest to St. Cloud in less than an hour.
New Hope enjoys all four seasons, and its climate is characterized by warm summers and cold winters, with stunning transitional seasons. July sees the hottest temperatures, with highs averaging out at around 84°F. January is the coldest month, with average lows of 7°F. You can expect around 32 inches of rainfall per year, most of which falls May through September, with June, July, and August seeing over 4 inches of rain each. Snowfall starts in November and continues until April, with an average annual snowfall of around 53 inches.
Tips for renting in New Hope, MN
As a largely residential city, there are plenty of different options to choose from when it comes to selecting a place to rent. Much of the older part of the city around the center consists of older housing stock, mostly single family homes that date back to the ‘50s and ‘60s. While these won’t win many beauty contests, they’re generally extremely affordable, and offer plenty of space as well as a prime location.
Newer neighborhoods, particularly in the north and south of the city tend to offer more modern housing, including apartment complexes and townhouses. These range from luxury to basic, with amenities such as pools, private parks, and parking. If you own a private vehicle, covered parking is a good idea, since winters can be harsh. Many apartment complexes include standalone garages.
Living in New Hope, MN
New Hope is generally considered a bedroom community, with many residents commuting to work in Minneapolis or the surrounding metropolitan area. As such, it offers a largely residential, suburban feel, with a small selection of urban amenities to keep you going. The city is home to several parks and green spaces, ensuring there’s plenty to keep you occupied.
A rather small city, you’ll find that most of what you need is a short walk away, as amenities and shopping centers are located in the center, north, and southern parts of town. Younger adults and teens might find the nightlife somewhat lacking, though more vibrant options are readily reached. Public transit is scarce outside of commute times, making it useful to own a private vehicle if you plan to get out of the city for the weekend.
Things to do in New Hope, MN
With more than 20 parks dotted throughout the city, there are plenty of green spaces to enjoy and catch a breath of fresh air. Four-legged friends are well catered for, with numerous dog parks to be found around the city, including the impressive Lions Park, which also features a kids playground and picnic areas. Northwood Park is perhaps the largest, and features walking trails, a lake, and with a modern playground including climbing walls and zip lines, it’s a favorite with kids.
There are no sprawling malls within the city, but there are several places to find groceries, clothes, and all the basics you might need on a day-to-day basis. Such centers are dotted throughout the city, such as the Midland Center in the south, North Park Plaza in the center, as well as a wealth of small venues throughout the city. In the northern neighborhoods, the larger Crystal Shopping Center in neighboring Becker is a hit, home to a wealth of big brand stores, smaller boutiques, services, restaurants, and bars.
You’ll also find numerous restaurants and bars throughout New Hope, mostly located among shopping districts. There’s a mix of chains such as McDonalds, as well as classic Ma and Pa joints, such as the iconic Fat Nat’s Eggs, the ideal diner to grab a great breakfast or lunch. Movie buffs will love the Cinema Grill, a cosy movie theater showing first-runs and offering a great selection of beer, wine, and classic American eats.
New Hope, MN employment & economy
With a median household income of $53,228, households in New Hope typically earn less than national, state, and county averages. Over 10,300 people are employed in New Hope, and the most common industry is health care and social assistance, which employs 15% of the workforce. Retail trade and manufacturing are the next 2 most common industries, while professional, scientific and technical services is the highest paid industry.
Over 14% of the workforce hold jobs in office and administrative support occupations, making it the most common job group, followed by management occupations, and sales and related roles. The highest paid residents in New Hope work in legal occupations.
Education in New Hope, MN
The city of New Hope is served by the Robbinsdale Area School District, which operates 1 public high school and 3 elementary schools within the city. Robbinsdale Cooper Senior High School doesn’t rank as high as other schools in the area, but it does offer International Baccalaureate Middle Years and Diploma Programs. It also ranks as the 4th most diverse public high school in Minnesota.
While there are no institutes of higher education within the city, St. Cloud State University has a campus in neighboring Plymouth, while Minnesota International University has a campus in Brooklyn Park. Both are just outside of the city limits.
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