What's the average rent in New Hope, MN?
Rental Market Trends in New Hope, MN
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SOURCE: TRULIA DATA
Rental market highlights
As of August 2026, the average rent in New Hope, MN is $1,350 per month, which is 31% lower than the national average rent of $1,965 per month.
AVERAGE RENT
$1,350
-0.8%-$11 decrease month-over-month
-0.3%-$4 decrease year-over-year
AVAILABLE RENTALS
42
APARTMENTS
HOUSES
TOWNHOUSES
As of August 2026, apartments are the most affordable rental option in New Hope, MN at $1,296 per month, while houses are the most expensive at $3,109 per month. Townhomes average $1,425 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,179 |
| 2 Bedrooms | $1,399 |
| 3 Bedrooms | $1,633 |
| 4 Bedrooms | $2,500 |
| All | $1,350 |
As of August 2026, the average rent for a 1 bedroom rental in New Hope, MN is $1,179 per month, followed by $1,399 for a 2 bedroom rental, $1,633 for a 3 bedroom rental, and $2,500 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,425 |
| 3 Bedrooms | — |
| 4 Bedrooms | $3,067 |
| All | $1,425 |
As of August 2026, the average rent for a 2 bedroom townhome in New Hope, MN is $1,425 per month, followed by $3,067 for a 4 bedroom townhome.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,225 |
| 2 Bedrooms | $1,399 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,295 |
As of August 2026, the average rent for a 1 bedroom apartment in New Hope, MN is $1,225 per month, followed by $1,399 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,449 |
| 4 Bedrooms | $2,600 |
| All | $3,109 |
As of August 2026, the average rent for a 3 bedroom house in New Hope, MN is $2,449 per month, followed by $2,600 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, there has been no change in rent price.
This year (2026)
Last year (2025)
Rent distribution
71% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $860 to $3,200.
