New Hope, MN rental market

What is the average rent in New Hope, MN?

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Last updated June 25, 2026

Rental market summary

The average rent for all bedrooms and all property types in New Hope, MN is $1,358.

Average rent

$1,358

Month-over-month change

+$3

Year-over-year change

+$43

Available rentals

39

Source: Zillow Rentals data

Rental price range

The price range for all bedrooms and all property types is $860 to $3,499.

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Rent frequencies
Rent priceNumber of rental properties
$8001
$9002
$1,0002
$1,1002
$1,20013
$1,3006
$1,4005
$1,5001
$1,6001
$1,7002
$2,0001
$2,4002
$2,5001
$2,9001
$3,2001
$3,400+1

Average rent price over time

In the last year, rent has increased by $43 compared to the previous year.

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Average rent price over time
Last year (2025)This year (2026)
Jan$1,350$1,299
Feb$1,310$1,379
Mar$1,306$1,299
Apr$1,375$1,420
May$1,399$1,314
Jun$1,329$1,354
Jul$1,349No data
Aug$1,351No data
Sep$1,299No data
Oct$1,361No data
Nov$1,334No data
Dec$1,299No data

Market temperature

The New Hope, MN rental market temperature is COOL. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.

cool

Temperature is based on all bedrooms and all property types.

Compare average rent in markets

Rent in New Hope, MN is 32% lower than the national average.

New Hope, MNvs.

$1,358

$2,006

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Frequently asked questions

1. What is the average rent in New Hope, MN?

The average rent in New Hope, MN is $1,358.

2. What is the average rent for a studio apartment in New Hope, MN?

The average rent for a studio apartment in New Hope, MN is $975 per month.

3. What is the average rent for a one-bedroom apartment in New Hope, MN?

The average rent for a one-bedroom apartment in New Hope, MN is $1,200 per month.

4. What is the average rent for a two-bedroom apartment in New Hope, MN?

The average rent for a two-bedroom apartment in New Hope, MN is $1,399 per month.

5. What is the average rent for a three-bedroom apartment in New Hope, MN?

The average rent for a three-bedroom apartment in New Hope, MN is $2,488 per month.

6. What is the average rent for a four-bedroom apartment in New Hope, MN?

The average rent for a four-bedroom apartment in New Hope, MN is $3,250 per month.

7. How much does it cost to rent a house in New Hope, MN?

Houses in New Hope, MN rent between $860 - $3,499 with an average rent of $1,358.

8. How has the rent in New Hope, MN changed in the last year?

In the last year, the rent in New Hope, MN increased by $43

9. How much has the rent in New Hope, MN increased/decreased in the last month?

In the last month, the rent in New Hope, MN increased by $3

10. How many available rentals are there in New Hope, MN?

There are currently 39 rentals available in New Hope, MN.

11. How do rent prices in New Hope, MN compare with the national average?

The average rent in New Hope, MN is $1,358 — 32.3% lower the national average of $2,006.

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