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 May 2026, the average rent in New Hope, MN is $1,330 per month, which is 30% lower than the national average rent of $1,910 per month.
AVERAGE RENT
$1,330
-1.1%-$15 decrease month-over-month
-4.9%-$69 decrease year-over-year
AVAILABLE RENTALS
39
APARTMENTS
HOUSES
TOWNHOUSES
As of May 2026, apartments are the most affordable rental option in New Hope, MN at $1,256 per month, while houses are the most expensive at $2,888 per month. Townhomes average $1,795 per month, offering a mid-range alternative for renters.
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,196 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,995 |
| 4 Bedrooms | $5,500 |
| All | $1,330 |
As of May 2026, the average rent for a 1 bedroom rental in New Hope, MN is $1,196 per month, followed by $1,400 for a 2 bedroom rental, $1,995 for a 3 bedroom rental, and $5,500 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | $1,795 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,795 |
As of May 2026, the average rent for a 2 bedroom townhome in New Hope, MN is $1,795 per month.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,199 |
| 2 Bedrooms | $1,429 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,235 |
As of May 2026, the average rent for a 1 bedroom apartment in New Hope, MN is $1,199 per month, followed by $1,429 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | — |
| 2 Bedrooms | — |
| 3 Bedrooms | $2,800 |
| 4 Bedrooms | $2,819 |
| All | $2,888 |
As of May 2026, the average rent for a 3 bedroom house in New Hope, MN is $2,800 per month, followed by $2,819 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -6% compared to the previous year, which is a $85 decrease.
This year (2026)
Last year (2025)
Rent distribution
60% of rentals have rent of $800-$1,499/month
Rental price range
The price range for rentals is $860 to $5,500.
