Apartments & Homes for Rent in 55343

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What to Know About

Life in Hopkins & Beyond

Hopkins shares many of the great qualities that make Minnesota a desirable place to live.

Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.

Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.

Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.

Rental Market Trends

Hopkins, MN

As of April 2025, Hopkins's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Hopkins's average rent is 10.4% ($148) higher than the Minnesota average of $1,425 and 12.6% ($226) lower than the U.S. average of $1,799.

Average Rent
$1,573
Monthly ChangeMonth Over Month Change
Decreased2.6% ($42)
Yearly ChangeYear Over Year Change
Increased10.1% ($144)
Avg. Days on MarketAverage Days on Market
31
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,562 Decreased0.8% ($12) Increased18% ($238)
2 Beds $2,309 Increased3.5% ($79) Increased43.7% ($702)
3 Beds $2,666 Increased4.3% ($109) Increased23.9% ($515)
Nearby Cities Average Rent Avg. Rent vs. HopkinsAverage Rent vs. Hopkins Avg. Days on MarketAverage Days on Market
Eden Prairie $1,522 Decreased3.2% ($51) 37 days
Wayzata $1,467 Decreased6.7% ($106) 36 days
Minneapolis $1,391 Decreased11.6% ($182) 33 days
Chanhassen $1,536 Decreased2.4% ($37) 44 days
Spring Park $1,685 Increased7.1% ($112) 35 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Hopkins Rental Market FAQs

Explore rental prices, market trends, and availability in Hopkins, MN.

The average rent in Hopkins, MN is $1,573 per month.
Homes in Hopkins typically rent for between $1,093 and $3,466 per month, with an average of $1,573 per month.
In Hopkins, the average rent for a 1-bedroom home is $1,562 per month, for a 2-bedroom home, $2,309 per month, and a 3-bedroom home is $2,666 per month.
The average rent in Hopkins is 12.6% ($226) lower than the national average of $1,799 per month.
The average rent in Hopkins has decreased by 2.6% ($42) in the last month and increased by 10.1% ($144) over the past year.
The rental market in Hopkins, MN, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Hopkins, MN, the average rental stays on the market for approximately 31 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 49 rental properties available in Hopkins, MN.
Based on the current averages, a household would need an annual income of $92,360 to comfortably afford a 2-bedroom home in Hopkins.
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