6

Studio Apartment for Rent in New Hope, MN

Section Image
  • /27

    Starting at $975 Plus Fees

    • Studio - 2 Beds

    4309 Rhode Island Ave, Minneapolis, MN 55428

    Kings Manor boasts its location in the bustling and desirable Sunnyside neighborhood, known for its rich community vibe and lively atmosphere. The property's well-maintained units and commendable management have garnered positive reviews, further enhancing its appeal. Just steps away from your door, you'll find a variety of dining and entertainment options alongside a wealth of green spaces and

    Kings Manor Apartments

    (651) 419-1893

    4309 Rhode Island Ave, Minneapolis, MN 55428

Why Live in New Hope

New Hope, Minnesota, is a first-ring suburb of Minneapolis with a population of approximately 22,000. Originally a farming community, it was incorporated as a city in 1953 and has since evolved into a bustling area supported by industries such as manufacturing, healthcare, and retail. The city features a mix of single-family homes, townhouses, and apartments, many of which are more affordable compared to neighboring suburbs like Plymouth and Maple Grove. The architecture primarily includes mid-20th-century ramblers and split-levels. New Hope is notable for its extensive outdoor spaces, with 18 parks spread over more than 200 acres, ensuring most homes are within walking distance to a park. Civic Center Park, located centrally, offers amenities such as an aquatic park, skate park, and various sports courts. The city's 42nd Avenue is a hub of activity, featuring shops, restaurants, cafes, and a bowling alley, with popular spots like Pub 42 and Hy-Vee grocery store. Residents benefit from express bus services to downtown Minneapolis and proximity to highways 169, 100, and 55. The nearest airport, Minneapolis-Saint Paul International Airport, is 23 miles away. The Robbinsdale Area School District serves New Hope, earning high marks for diversity. Crime rates in New Hope are on par with the national average. Summers are hot and humid, while winters are extremely cold and snowy, with subzero temperatures and an average of 60 inches of snow per winter.

Frequently Asked Questions

How much does it cost to rent a home in New Hope, MN?
The median rent for a home in New Hope, MN is $1,622 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in New Hope, MN?
To comfortably afford the median rent in New Hope, MN, a household needs to earn roughly $64,880 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,622 per month in New Hope, MN, renters typically need to show $4,866 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in New Hope, MN?
In New Hope, MN, the price-to-rent ratio is 18.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in New Hope, MN are best for renting a home?
The best neighborhood for renting in New Hope, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Loop, Saint Anthony West and Triangle, each with its own character and price range.

Rental Home Trends in New Hope, MN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,622
Median Single Family Home Rent
$2,073
Median Condo Rent
$1,450
How to Rent a Home