New Hope Apartments and Rentals

Residents in New Hope experience an excellent lifestyle, and the community is always taking new steps to make it better. In 2001, the city committed to preserving its streets and parks, and in 2006, the city implemented a rental inspection program. The program was created to ensure that all rentals in the area were maintained and well managed. These are just two of the community-based efforts to improve the quality of life in New Hope.

New Hope apartments for rent are almost always within a quarter-mile of a city park. The area boasts 20 city parks making up a total of 200 acres of green space. The beloved Northwood Park, located on Boone and 38th avenues, spans 65 acres and includes soccer fields, basketball courts, grilling and picnic areas, pathways and a pool. New Hope is also home to an ice arena, outdoor skating venue, golf course and outdoor theater.

New Hope’s history begins in the early 1900s when the town was primarily a farming community. The area was a part of Crystal Lake Township and was the home to many farming families when housing developments moved west away from Minneapolis in the 1930s. The formation of the city of Crystal wasn’t supported by the area’s rural residents leading them to break away and create their own township. In reflection of the time and what the residents were hopeful for, they named the town New Hope.

But by the early 1950s, residents of New Hope couldn’t escape becoming a city without losing part of its land. Farmers were still unhappy with the decision, although the incorporation spurred a rapid development of the town and an influx of people to the area. Today, farmers are still recognized at the New Hope Farmers Market, which was founded in 2009.

New Hope has a thriving business community with three major industrial parks, a vital commercial sector and approximately 420 businesses. There are five commercial and retail centers offering plenty of jobs to residents in the area. Since New Hope is so close to Minneapolis, many travel downtown to the Target headquarters or U.S. Bank regional holding company.

Although there are no colleges or universities in New Hope, there are several nearby. New Hope apartments are within a short drive away from the University of Minnesota, Herzing University and the Carlson School of Management. The University of St. Thomas is another school nearby that serves more than 10,500 undergraduate and graduate students.

In New Hope, residents are willing to pay just a bit extra for a great quality of life. The overall cost of living is rated at 11 points higher than the national average, and food is 9 points higher, according to Best Places. The average commute for a resident of New Hope is five minutes less than the national standard at 23 minutes.

Depending on where apartments in New Hope are located, the rent will vary, but because of the rental inspection program, those looking to rent can rest assured the place will be well kept. According to statistics from the U.S. Census Bureau, the average cost of rent is $811 per month.

Every summer, residents of New Hope gather together to celebrate the summer at the Duk Duk Daze. The family-friendly event includes carnival games and rides, bingo, live music, a pizza eating contest and a spectacular firework display.

Since New Hope is so close to Minneapolis, residents of New Hope are always traveling to the urban metropolis for cultural, art and sporting events. However, within city limits residents spend time at the many shopping centers or outdoor recreation areas. The outdoor theater, built in 1986, is a local favorite that features productions from the Off Broadway Musical Theatre.

To find a New Hope apartment or rental, check out our apartment listings. Rent.com® is happy to help you find your next home.