Cedar Hills
11050 Cedar Hills Blvd,
Minnetonka, MN 55305
1-3 Beds | $1,450 - $1,895
Rental Market Trends in Hopkins, MN
Updated July 2026
The average rent in Hopkins, MN is $1,342/month.
Rent in Hopkins is 19% lower than the national average rent of $1,662/month, making this one of the less expensive cities statewide.
$1,342/month
Average Rent
719 Sq Ft
Average Size
-0.7%
Change / Year
780
Available Apartments
Hopkins rent varies by unit size and layout:
- Studio apartments in Hopkins average $1,206 per month.
- One-bedroom apartments in Hopkins average $1,342 per month.
- Two-bedroom apartments in Hopkins average $1,784 per month.
- Three-bedroom apartments in Hopkins average $2,609 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Hopkins, MN?
In the past year, rent has decreased by 0.7%, which averages out to $9 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Hopkins, MN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
10%
$700 - $1,000/month
61%
$1,001 - $1,500/month
16%
$1,501 - $2,000/month
12%
Above $2,000/month
What salary do I need to live comfortably in Hopkins, MN?
Because the average rent in Hopkins is $1,342, you’ll want to make about $4,473 per month or $53,676 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hopkins, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Hopkins, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Hopkins Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Hopkins We Think You'll Love
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Frequently Asked Questions
What is the average rent in Hopkins?
The average rent in Hopkins is $1,342 per month, which is 19.3% lower than the national average of $1,662.
What is the average rent for a condo in Hopkins?
The average rent for a condo in Hopkins, MN is $1,370 per month.
Are rents going up or down in Hopkins?
Rents in Hopkins, MN are decreasing, with prices down 0.7% year-over-year and $9 less per month.
What rent range is most common in Hopkins?
In Hopkins, MN, 61% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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 June 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.
* Percentages may not total 100 due to rounding.