What is the median rent in New Hope, MN?

Name: Median rent in New Hope, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in New Hope, MN is $1,335 (±$49) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 4,176 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In New Hope, the median gross rent went from $1,034 in 2015–2019 to $1,335 in 2020–2024 (+29.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median gross rent: $1,335 (±$49)
Rented homes: 4,176 (±357)
$2,000 or more: 8.5%
Since 2015–2019: +29.1%

How much rent costs in New Hope

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	New Hope	Hennepin County	Minnesota	United States
Less than $500	6.6% (±3.5 points)	6.5%	8.4%	6.3%
$500 to $999	8.4% (±2.9 points)	10.9%	21.5%	20.2%
$1,000 to $1,499	55.9% (±6.4 points)	33.5%	33.6%	28.1%
$1,500 to $1,999	20.6% (±5.7 points)	27.5%	21.4%	21.1%
$2,000 to $2,499	6.2% (±3.6 points)	12.5%	9.2%	12.0%
$2,500 to $2,999	2.0% (±1.5 points)	4.8%	3.0%	5.5%
$3,000 or more	0.3% (±0.5 points)	4.3%	3.0%	6.8%

The most common range is $1,000 to $1,499, paid by 55.9% of renting households.

8.5% of rented homes in New Hope cost $2,000 or more a month.

New Hope against Hennepin County, its state and the nation

Estimate (90% margin of error)
	New Hope	Hennepin County	Minnesota	United States
Median gross rent	$1,335 (±$49)	$1,487 (±$14)	$1,280 (±$7)	$1,413
Rented homes paying rent	4,176 (±357)	197,207 (±2,353)	614,257 (±4,397)	42,849,984

In New Hope, median gross rent is lower than in Hennepin County ($1,487).

It is also higher than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

In Hennepin County, New Hope ranks 28 of 37 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 279 of 1,347.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in New Hope has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,034 (±$34)	$1,335 (±$49)	+29.1%	Up after inflation
Households that rent	44.1% (±2.5 points)	47.4% (±3.3 points)	+3.3 percentage points	Not a measurable change
Rental vacancy rate	3.0% (±2.3 points)	5.4% (±2.4 points)	+2.4 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near New Hope

Nearest places with a published estimate, compared with New Hope
Place	Distance	Median gross rent	Compared with this place
New Hope	—	$1,335 (±$49)	—
Crystal	1.3 mi	$1,467 (±$60)	Higher
Robbinsdale	2.9 mi	$1,758 (±$155)	Higher
Medicine Lake	3.2 mi	$1,150 (±$173)	Lower
Golden Valley	3.4 mi	$1,785 (±$117)	Higher
Plymouth	3.8 mi	$1,766 (±$38)	Higher
Brooklyn Center	4.0 mi	$1,376 (±$42)	Not measurably different
Brooklyn Park	5.5 mi	$1,325 (±$51)	Not measurably different
Osseo	5.7 mi	$1,333 (±$153)	Not measurably different

Nearby places with a measurably lower figure: Medicine Lake, MN ($1,150).

Nearby places with a measurably higher figure: Crystal, MN ($1,467), Robbinsdale, MN ($1,758), Golden Valley, MN ($1,785).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across Hennepin County, place by place

Rank	Place	Median gross rent
22	Crystal	$1,467 (±$60)
23	Medina	$1,429 (±$499)
24	St. Anthony (Hennepin County)	$1,397 (±$93)
25	Richfield	$1,393 (±$43)
26	Brooklyn Center	$1,376 (±$42)
27	Minneapolis	$1,371 (±$20)
28	New Hope	$1,335 (±$49)
29	Osseo	$1,333 (±$153)
30	Brooklyn Park	$1,325 (±$51)
31	St. Bonifacius	$1,270 (±$234)
32	Spring Park	$1,241 (±$163)
33	Medicine Lake	$1,150 (±$173)
34	Excelsior	$1,143 (±$32)

Showing 13 of 37 places in Hennepin County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about New Hope

What is the average rent in New Hope, MN?

The Census Bureau publishes the median rather than the average: the median gross rent in New Hope is $1,335 (±$49) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in New Hope?

In New Hope, the median gross rent went from $1,034 in 2015–2019 to $1,335 in 2020–2024 (+29.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

How many rentals in New Hope cost more than $2,000 a month?

8.5% of rented homes in New Hope have a gross rent of $2,000 or more a month, and 6.6% cost less than $500.

Is rent in New Hope higher than in Hennepin County?

In New Hope, median gross rent is lower than in Hennepin County ($1,487).

It is also higher than in Minnesota ($1,280).

It is lower than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for New Hope city, Minnesota (place:45628, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.