3-Bedroom Apartment Rent in New Hope, MN
Median asking rent for a 3-bedroom apartment in New Hope, Minnesota as of July 2026. That's +40% higher than the citywide median of $1,442 and +5% below the national 3-bedroom median of $2,130.
Income needed for a 3-bedroom in New Hope
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 3-bedroom at the current median rent.
Rent by apartment size in New Hope
Compare New Hope's median rent across every apartment size.
Cheapest cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Winona | $1,200 |
| 2 | Bemidji | $1,320 |
| 3 | Austin | $1,330 |
| 4 | Moorhead | $1,460 |
| 5 | Owatonna | $1,460 |
| 6 | Waite Park | $1,570 |
| 7 | Anoka | $1,666 |
| 8 | Duluth | $1,666 |
| 9 | Saint Cloud | $1,690 |
| 10 | Mankato | $1,750 |
| 11 | Victoria | $1,792 |
| 12 | Rochester | $1,918 |
| 13 | Northfield | $1,970 |
| 14 | South Saint Paul | $1,970 |
| 15 | Saint Michael | $1,980 |
Most expensive cities for a 3-bedroom in Minnesota
| # | City | 3-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,035 |
| 2 | Maple Grove | $2,935 |
| 3 | Eden Prairie | $2,890 |
| 4 | Wayzata | $2,865 |
| 5 | Lakeville | $2,850 |
| 6 | Cottage Grove | $2,840 |
| 7 | Edina | $2,797 |
| 8 | Blaine | $2,775 |
| 9 | Brooklyn Park | $2,750 |
| 10 | Plymouth | $2,748 |
| 11 | Savage | $2,700 |
| 12 | Rosemount | $2,700 |
| 13 | Minnetonka | $2,665 |
| 14 | Saint Louis Park | $2,545 |
| 15 | Apple Valley | $2,540 |
Nearby cities — 3-bedroom rent
Considering nearby alternatives? 1 of these cities have cheaper 3-bedroom rents than New Hope.
| City | Distance | 3-Bedroom rent | vs New Hope |
|---|---|---|---|
| Robbinsdale, MN | 3.6 mi | $2,259 | +$239 (+12%) |
| Crystal, MN | 4 mi | $2,280 | +$260 (+13%) |
| Brooklyn Park, MN | 4.2 mi | $2,750 | +$730 (+36%) |
| Golden Valley, MN | 4.6 mi | $2,330 | +$310 (+15%) |
| Brooklyn Center, MN | 5.5 mi | $2,170 | +$150 (+7%) |
| Plymouth, MN | 5.9 mi | $2,748 | +$728 (+36%) |
| Maple Grove, MN | 7.2 mi | $2,935 | +$915 (+45%) |
| Champlin, MN | 7.6 mi | $2,500 | +$480 (+24%) |
| Saint Louis Park, MN | 7.7 mi | $2,545 | +$525 (+26%) |
| Columbia Heights, MN | 8.8 mi | $2,000 | $-20 (-1%) |
| Fridley, MN | 9.1 mi | $2,080 | +$60 (+3%) |
| Coon Rapids, MN | 9.4 mi | $2,445 | +$425 (+21%) |
3-Bedroom rent in New Hope — common questions
How much is a 3-bedroom apartment in New Hope?
As of July 2026, the median 3-bedroom apartment rent in New Hope, Minnesota is $2,020 per month. This is +40% higher than the citywide median of $1,442.
What income do you need to afford a 3-bedroom in New Hope?
Using the standard 30% rent-to-income rule, you would need an annual income of about $80,800 ($6,733/month gross), which works out to roughly $38.85/hour at a full-time job.
Is New Hope expensive for a 3-bedroom compared to the rest of the US?
New Hope's 3-bedroom median of $2,020 is +5% below the national 3-bedroom median of $2,130. It ranks in the 45th percentile of US cities tracked.
How does New Hope rank for 3-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 3-bedroom data, New Hope ranks #19 from cheapest to most expensive.
Are there cheaper 3-bedroom options near New Hope?
Yes — nearby cities with cheaper 3-bedroom rents include Columbia Heights ($2,000).