51 Apartments under 1000 for rent in Hopkins, MN

Last updated November 23 at 6:59am UTC
Second Street Station
1015 2nd St NE
Hopkins, MN
Updated November 22 at 11:31am UTC
1 Bedroom
$929
106 9th Ave N
The Avenues
Hopkins, MN
Updated November 22 at 9:55am UTC
2 Bedrooms
$995
900 6th St S
Peaceful Valley
Hopkins, MN
Updated November 16 at 11:36am UTC
2 Bedrooms
$950
Results within 1 miles of Hopkins, MN
10451 Greenbrier Road #303
Minnetonka
Minnetonka, MN
Updated November 22 at 12:09pm UTC
1 Bedroom
$945
Results within 5 miles of Hopkins, MN
14805 32nd Ave N
Plymouth
Plymouth, MN
Updated November 17 at 11:03am UTC
1 Bedroom
$895
11th Ave S
Hopkins
Hopkins, MN
Updated November 17 at 8:24am UTC
2 Bedrooms
$995
10211 Cedar Lake Rd #115
Minnetonka
Minnetonka, MN
Updated November 19 at 11:25am UTC
1 Bedroom
$929
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November 2017 Hopkins Rent Report

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

View full Hopkins Rent Report
Rent Report
Hopkins

November 2017 Hopkins Rent Report

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

Hopkins rents declined over the past month

Hopkins rents have declined 1.4% over the past month, but have increased slightly by 1.5% in comparison to the same time last year. Currently, median rents in Hopkins stand at $1,080 for a one-bedroom apartment and $1,360 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Hopkins' year-over-year rent growth lags the state average of 3.3%, as well as the national average of 2.7%.

Many large cities nationwide show more affordable rents compared to Hopkins

As rents have increased slightly in Hopkins, a few large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Hopkins is less affordable for renters.

  • Hopkins' median two-bedroom rent of $1,360 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 1.5% increase in Hopkins.
  • While Hopkins' rents rose slightly over the past year, many cities nationwide saw more substantial increases, including Indianapolis (+2.6%), Tulsa (+2.6%), and Raleigh (+2.6%).
  • Renters will generally find more expensive prices in Hopkins than most large cities. For example, 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.