New Hope

Background Image

New Hope, MN Area Guide

Avg Rent

$1,197

Population

21,208

Renter Mix

46% Rent

Residential avenues filled with rental options.

Suburb Commuter Accessible Peaceful

New Hope is a city in Hennepin County spanning east of Route 169 just 20 minutes northwest of Minneapolis. New Hope is described as a classic suburb filled with verdant community parks, tree-lined streets, and modern amenities. Places like Northwood Park, an aquatic park, and golf courses provide outdoor fun for a variety of residents. For more practical amenities, head to 42nd Avenue and Bass Lake Road to find an array of restaurants and businesses. The other parts of New Hope are made up of residential avenues filled with plenty of rental options.

Demographics

Median Household Income

$67,019

Average: $87,694

Education

6,094

Residents Have a Degree

Job Market

11,459

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

40 Years

Largest Age Group

35-44 Years

Approximately 15% of Residents

Under 20

24%

Over 65

20%

Housing Distribution

New Hope has more homeowners than renters.

Renters
46%
Non-Renters
54%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
24%
Other Education
76%

Rent Trends

As of April 2026, the average apartment rent in New Hope, MN is $1,291 for a studio, $1,200 for one bedroom, $1,434 for two bedrooms, and $1,840 for three bedrooms. Apartment rent in New Hope has increased by 2.7% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,200/month
767 Sq Ft
House
$2,764/month
1,982 Sq Ft
See Rental Market Trends in New Hope, MN

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Moderately Bikeable

Bikeability

60 / 100

Schools

Robbinsdale Spanish Immersion Elementary

Public

Grades K-5

700 Students

Meadow Lake Elementary

Public

Grades PK-5

513 Students

Sonnesyn Elementary

Public

Grades PK-5

354 Students

Robbinsdale Shared Time Prog.

Public

Grades K-12

Robbinsdale Cooper Senior High

Public

Grades 9-12

1,630 Students

Robbinsdale Shared Time Prog.

Public

Grades K-12

Cooper Credit Recovery

Public

Grades 9-12

Robbinsdale Esy Program

Public

Grades K-12

Points of Interest

Top Apartments in New Hope

Houses for Rent in New Hope

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.