Studio Apartment Rent in New Hope, MN
Median asking rent for a studio apartment in New Hope, Minnesota as of July 2026. That's +24% lower than the citywide median of $1,442 and +15% below the national studio median of $1,290.
Income needed for a studio 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 studio 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 studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Winona | $700 |
| 2 | Moorhead | $710 |
| 3 | Austin | $720 |
| 4 | Owatonna | $730 |
| 5 | Bemidji | $800 |
| 6 | Duluth | $848 |
| 7 | Waite Park | $890 |
| 8 | Saint Cloud | $940 |
| 9 | Rochester | $1,010 |
| 10 | Mankato | $1,030 |
| 11 | Anoka | $1,050 |
| 12 | Northfield | $1,060 |
| 13 | South Saint Paul | $1,060 |
| 14 | Saint Michael | $1,080 |
| 15 | Columbia Heights | $1,090 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 1 of these cities have cheaper studio rents than New Hope.
| City | Distance | Studio rent | vs New Hope |
|---|---|---|---|
| Robbinsdale, MN | 3.6 mi | $1,427 | +$327 (+30%) |
| Crystal, MN | 4 mi | $1,240 | +$140 (+13%) |
| Brooklyn Park, MN | 4.2 mi | $1,495 | +$395 (+36%) |
| Golden Valley, MN | 4.6 mi | $1,270 | +$170 (+15%) |
| Brooklyn Center, MN | 5.5 mi | $1,180 | +$80 (+7%) |
| Plymouth, MN | 5.9 mi | $1,495 | +$395 (+36%) |
| Maple Grove, MN | 7.2 mi | $1,600 | +$500 (+45%) |
| Champlin, MN | 7.6 mi | $1,360 | +$260 (+24%) |
| Saint Louis Park, MN | 7.7 mi | $1,385 | +$285 (+26%) |
| Columbia Heights, MN | 8.8 mi | $1,090 | $-10 (-1%) |
| Fridley, MN | 9.1 mi | $1,130 | +$30 (+3%) |
| Coon Rapids, MN | 9.4 mi | $1,325 | +$225 (+20%) |
Studio rent in New Hope — common questions
How much is a studio apartment in New Hope?
As of July 2026, the median studio apartment rent in New Hope, Minnesota is $1,100 per month. This is +24% below the citywide median of $1,442.
What income do you need to afford a studio in New Hope?
Using the standard 30% rent-to-income rule, you would need an annual income of about $44,000 ($3,667/month gross), which works out to roughly $21.15/hour at a full-time job.
Is New Hope expensive for a studio compared to the rest of the US?
New Hope's studio median of $1,100 is +15% below the national studio median of $1,290. It ranks in the 35th percentile of US cities tracked.
How does New Hope rank for studio rent in Minnesota?
Among the 63 cities in Minnesota with studio data, New Hope ranks #18 from cheapest to most expensive.
Are there cheaper studio options near New Hope?
Yes — nearby cities with cheaper studio rents include Columbia Heights ($1,090).