Average Rent in New Hope, MN and Rent Price Trends

Rent trends in New Hope, MN

Average rent prices in New Hope have increased by 3% over the last month and have increased by 9% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
New Hope, MN

Rent prices in New Hope vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in New Hope is $1,324, whereas a house costs $1,495. 1-bedroom apartments in New Hope run $1,195 on average, while 2-bedroom apartments are $1,400.


Studio	$1,095	No Change	3%
1 bedroom	$1,198	1%	9%
2 bedroom	$1,399	No Change	8%
3 bedroom	$2,402	3%	57%
4 bedroom	$3,099	1%	27%


Apartments	$1,324	No Change	No Change
Condos	$1,612	14%	No Change
Houses	$1,495	2%	No Change

Studio

Average rent

$1,095

Last year

1 bedroom

Average rent

$1,198

Last 30 days

Last year

2 bedroom

Average rent

$1,399

Last 30 days

No Change

Last year

3 bedroom

Average rent

$2,402

Last 30 days

Last year

57%

4 bedroom

Average rent

$3,099

Last 30 days

Last year

27%

The table above reflects average rent prices in New Hope, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in New Hope, MN compare to other cities?

Compare median rent prices in New Hope and Andover by all bedroom counts and property types.

New Hope

Median rent price$1,370

30%

lower than the national median

Median rent price$1,539

21%

lower than the national median

Takeaway

The median rent for all rentals in New Hope, MN is 11% lower than the median rent in Andover, MN.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,539

$1,775

$1,965

$1,745

$1,435

$2,195

$1,664

$1,835

$1,880

$2,247

$1,777

$1,895

Discover rentals in New Hope, MN

Rent special

13h ago

8.3

Very good

The Birchway Apartments

5700 Winnetka Ave N, New Hope, MN 55428

1–3 beds

1 bath

$1,235–$1,770

Apartment for rent

3d ago

7.8

Very good

Hidden Creek

7104 36th Ave N, New Hope, MN 55427

2 beds

1 bath

$1,349

Apartment for rent

13h ago

8.8

Very good

Lincoln Manor

7319 62nd Ave N, New Hope, MN 55428

3 beds

1 bath

$1,625–$1,650

Apartment for rent

5d+ ago

House for rent in New Hope

4103 Oregon Avenue North, New Hope

4103 Oregon Ave N, New Hope, MN 55427

5 beds

2.5 baths

$3,300

House for rent

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Frequently asked questions for New Hope, MN

Quick answers to common questions about the New Hope rental market.

How much is rent in New Hope?

The average rent in New Hope is $1,370 per month as of June 6, 2026.

Is rent up or down in New Hope?

Average rent prices in New Hope have increased by 3% over the last month and have increased by 9% since last year.

How does New Hope rent compare to the national average?

Rent in New Hope is 30% below the national average, which means renters are paying approximately $580 less per month.

What salary do I need to afford rent in New Hope?

To comfortably afford rent in New Hope, you'd need to earn approximately $55,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in New Hope?

New Hope's 2025 rental market shows one-bedroom apartments averaging around $1,100 per month, while two-bedroom units rent for around $1,400 monthly. These figures represent the current market conditions across the city's rental inventory.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).