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184 Apartments for rent in Hopkins, MN

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Last updated August 18 at 1:52PM
711 11th Ave S
Hopkins
Hopkins, MN
Updated August 15 at 5:06PM
2 Bedrooms
$1,100
818 Old Settlers Trail
Hopkins
Hopkins, MN
Updated August 17 at 2:09AM
1 Bedroom
$925
1502 5th Street N
Hopkins
Hopkins, MN
Updated August 18 at 4:09AM
1 Bedroom
$1,350
Results within 1 miles of Hopkins, MN
2223 Black Oak Drive
Minnetonka
Minnetonka, MN
Updated August 15 at 6:23AM
5 Bedrooms
$2,145
5th Ave S
Park Valley
Hopkins, MN
Updated August 17 at 8:51AM
3 Bedrooms
$1,595
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City Guide
Hopkins
Moving to Hopkins

There are numerous rental properties in Hopkins.The rental properties range from studio apartments in shared houses (these are normally finished basements on a month to month basis) to two bedroom apartments where a family can live comfortably.Because it's a suburb, you can expect to pay less rent than those who live in Minneapolis. You'll need to be prepared to prove yourself, however: lower rent doesn't mean you can have a lower credit score. A credit check will be required, and background checks are also par for the course. A pay stub or some proof of employment will also be needed at many rental locations.

The One Hopkins Neighborhood

Hopkins is small enough that there are not distinct neighborhoods. No worrying about being in the best or worst neighborhood here, because it basically is all one neighborhood. There are several parks, bisected by Main Street, where all the shopping and dining happens. The remainder of the city is divided into residential areas, a mix of single family and multi-family units.

We give the rental rates in Hopkins a $$$ out of five dollar signs, meaning you can get a little bit of bang for your buck.

Getting Around Town

Hopkins is big enough that you won't feel like your neighbors are everywhere you go, and close enough to the Minneapolis metropolitan area that you will have plenty to do. Eating out in Hopkins is cheaper than eating in Minneapolis, as is gas. If you don't want to pay for gas at all, public transportation is another option for getting around. The routes are sparse, but with a little walking, you can get where you want to go. The routes do align with the public transportation in Minneapolis, so getting into the city is easy to do without having to drive.

If you enjoy the benefits of big city living, but like to go home where you have space to stretch out, then make your way over to Hopkins.

Rent Report
Hopkins

August 2017 Hopkins Rent Report

Welcome to the August 2017 Hopkins Rent Report. Hopkins rents increased over the past month. In this report, we'll evaluate trends in the Hopkins rental market, including comparisons to similar cities nationwide.

Hopkins rents increased significantly over the past month

Hopkins rents have increased 0.5% over the past month, and are up moderately by 2.1% in comparison to the same time last year. Currently, median rents in Hopkins stand at $1,100 for a one-bedroom apartment and $1,380 for a two-bedroom. This is the seventh straight month that the city has seen rent increases after a decline in December of last year. Hopkins' year-over-year rent growth lags the state average of 3.3%, as well as the national average of 2.9%.

Many large cities nationwide show more affordable rents compared to Hopkins

Rent growth in Hopkins has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Compared to most large cities across the country, Hopkins is less affordable for renters.

  • Hopkins' median two-bedroom rent of $1,380 is above the national average of $1,160. Nationwide, rents have grown by 2.9% over the past year.
  • While rents in Hopkins remained moderately stable this year, similar cities saw increases, including Chicago (+4.6%), Raleigh (+3.8%), Denver (+2.7%); note that median 2BR rents in these cities go for $1,290, $1,130, and $1,350 respectively.
  • Renters will generally find more expensive prices in Hopkins than most large cities. Comparably, Tulsa has a median 2BR rent of $830, where Hopkins is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.