The Hallon Luxury Apartments
8594 Excelsior Blvd,
Hopkins, MN 55343
Studio - 3 Beds | $1,325 - $4,955
Rental Market Trends in Hopkins, MN
What is the average rent in Hopkins, MN?
$1,275/month
Average Rent
714 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of December 2024, the average rent in Hopkins, MN is $1,275 per month. This is 18% lower than the national average rent of $1,560/month, making renting in Hopkins more affordable than most cities in the US. When you rent an apartment in Hopkins, you can expect to pay about $1,133 per month for a studio, $1,275 for a one-bedroom apartment, and around $1,668 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,052 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Hopkins, MN?
In the past year, rent has increased by 0.8%, which averages out to $10 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Hopkins, MN
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
15%
$700 - $1,000/month
62%
$1,001 - $1,500/month
17%
$1,501 - $2,000/month
6%
Above $2,000/month
What salary do I need to live comfortably in Hopkins, MN?
Because the average rent in Hopkins is $1,275, you’ll want to make about $4,250 per month or $51,000 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Hopkins, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Hopkins, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
Apartment communities in Hopkins we think you'll love
Property Management Companies in Hopkins, MN
Investment Property Group
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24
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3,862
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12
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Highland Management Group
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30
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3,665
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Sela Investments
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19
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1,274
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Bader Companies
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61
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9,075
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27
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Kleinman Realty
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58
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3,362
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16
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Heartland Realty Investors
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11
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2,249
Units
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9
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2 Communities in Hopkins
Cushman & Wakefield
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550
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135,507
Units
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276
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1 Community in Hopkins
Dominium
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88
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18,022
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68
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.