Hopkins, MN
August 2026
55305,55343
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,271 – $1,377 | -2.44% | -3.45% |
| 2-Bedroom | $1,701 – $1,880 | 1.78% | 0.22% |
| 3-Bedroom | $2,134 – $2,358 | -1.04% | -7.42% |
| 4-Bedroom | $2,934 – $3,059 | 0.86% | 1.73% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,426 – $1,469 | 3.70% | 0.03% |
| 2-Bedroom | $1,708 – $1,831 | -1.29% | -6.02% |
| 3-Bedroom | $2,531 – $2,687 | 2.83% | -0.24% |
| 4-Bedroom | $2,890 – $3,069 | -1.31% | -0.67% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,599 – $1,681 | -2.79% | -1.39% |
| 2-Bedroom | $2,025 – $2,172 | -0.08% | 6.43% |
| 3-Bedroom | $2,571 – $2,730 | -1.63% | -2.26% |
| 4-Bedroom | $3,038 – $3,226 | 1.29% | 1.38% |
In the Hopkins (55305, 55343) rental market, 2-bedroom condos and townhomes climbed to a median rent of $1,799, representing a 2.88% month-over-month increase. This gave condos and townhomes a $110 premium over apartments, which saw a median of $1,689 and a 4.45% MoM decline.
Annual appreciation was strongest for the 4-bedroom apartment segment in Hopkins (55305, 55343), where median rent rose 3.66% year-over-year, reaching $2,918. Month-over-month, these units posted a 0.94% gain, outpacing most other property types in this size range.
Among notable changes, Hopkins (55305, 55343) rental trends show 1-bedroom single-family homes experienced a steep 9.27% month-over-month decrease, with median rent falling to $1,522. Year-over-year, this segment declined by 4.25%, a sharper drop than observed in comparable apartment and condo units.