4+ Bedroom Apartment Rent in New Hope, MN
Median asking rent for a 4+ bedroom apartment in New Hope, Minnesota as of July 2026. That's +57% higher than the citywide median of $1,442 and +10% below the national 4+ bedroom median of $2,520.
Income needed for a 4+ 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 4+ 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 4+ bedroom in Minnesota
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Winona | $1,310 |
| 2 | Austin | $1,400 |
| 3 | Bemidji | $1,560 |
| 4 | Moorhead | $1,750 |
| 5 | Owatonna | $1,750 |
| 6 | Waite Park | $1,870 |
| 7 | Saint Cloud | $1,973 |
| 8 | Duluth | $2,078 |
| 9 | Mankato | $2,100 |
| 10 | Columbia Heights | $2,240 |
| 11 | Northfield | $2,240 |
| 12 | Saint Michael | $2,240 |
| 13 | South Saint Paul | $2,240 |
| 14 | Elk River | $2,270 |
| 15 | New Brighton | $2,270 |
Most expensive cities for a 4+ bedroom in Minnesota
| # | City | 4+ Bedroom rent |
|---|---|---|
| 1 | Woodbury | $3,400 |
| 2 | Maple Grove | $3,290 |
| 3 | Eden Prairie | $3,240 |
| 4 | Lakeville | $3,190 |
| 5 | Cottage Grove | $3,180 |
| 6 | Edina | $3,133 |
| 7 | Blaine | $3,110 |
| 8 | Brooklyn Park | $3,080 |
| 9 | Plymouth | $3,078 |
| 10 | Savage | $3,030 |
| 11 | Rosemount | $3,030 |
| 12 | Minnetonka | $2,980 |
| 13 | Saint Louis Park | $2,850 |
| 14 | Apple Valley | $2,850 |
| 15 | Vadnais Heights | $2,830 |
Nearby cities — 4+ bedroom rent
Considering nearby alternatives? 1 of these cities have cheaper 4+ bedroom rents than New Hope.
| City | Distance | 4+ Bedroom rent | vs New Hope |
|---|---|---|---|
| Crystal, MN | 4 mi | $2,550 | +$280 (+12%) |
| Brooklyn Park, MN | 4.2 mi | $3,080 | +$810 (+36%) |
| Golden Valley, MN | 4.6 mi | $2,610 | +$340 (+15%) |
| Brooklyn Center, MN | 5.5 mi | $2,430 | +$160 (+7%) |
| Plymouth, MN | 5.9 mi | $3,078 | +$808 (+36%) |
| Maple Grove, MN | 7.2 mi | $3,290 | +$1,020 (+45%) |
| Champlin, MN | 7.6 mi | $2,800 | +$530 (+23%) |
| Saint Louis Park, MN | 7.7 mi | $2,850 | +$580 (+26%) |
| Columbia Heights, MN | 8.8 mi | $2,240 | $-30 (-1%) |
| Fridley, MN | 9.1 mi | $2,330 | +$60 (+3%) |
| Coon Rapids, MN | 9.4 mi | $2,740 | +$470 (+21%) |
| Minnetonka, MN | 10.2 mi | $2,980 | +$710 (+31%) |
4+ Bedroom rent in New Hope — common questions
How much is a 4+ bedroom apartment in New Hope?
As of July 2026, the median 4+ bedroom apartment rent in New Hope, Minnesota is $2,270 per month. This is +57% higher than the citywide median of $1,442.
What income do you need to afford a 4+ bedroom in New Hope?
Using the standard 30% rent-to-income rule, you would need an annual income of about $90,800 ($7,567/month gross), which works out to roughly $43.65/hour at a full-time job.
Is New Hope expensive for a 4+ bedroom compared to the rest of the US?
New Hope's 4+ bedroom median of $2,270 is +10% below the national 4+ bedroom median of $2,520. It ranks in the 40th percentile of US cities tracked.
How does New Hope rank for 4+ bedroom rent in Minnesota?
Among the 60 cities in Minnesota with 4+ bedroom data, New Hope ranks #16 from cheapest to most expensive.
Are there cheaper 4+ bedroom options near New Hope?
Yes — nearby cities with cheaper 4+ bedroom rents include Columbia Heights ($2,240).