Edina, MN Rental Market Trends
The average rent for an apartment in Edina is $1,502, a 3% increase compared to the previous year, when the average rent was $1,452.
Average Rent in Edina, MN
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,502||3%||946 sq. ft.|
The average size for a Edina, MN apartment is 946 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Edina, MN Apartment Rent Ranges
- > $2,00012%
Edina, MN Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
7,897 or 36% of the households in Edina, MN are renter-occupied while 13,766 or 63% are owner-occupied.
Edina, MN Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
Average Rent in Edina, MN By Neighborhood
|50th and France||$1,123|
|Golf Terrace Heights||$1,185|
|Edina Country Club||$1,185|
The most affordable neighborhoods in Edina are Chowen Park, where the average rent goes for $1,102/month, Creek Knoll, where renters pay $1,102/mo on average, and Strachauer Park, where the average rent goes for $1,102/mo. If you’re looking for other great deals, check out the listings from 50th and France ($1,123), Arden Park ($1,185), and Concord ($1,185), where the asking prices are below the average Edina rent of $1,502/mo.
The most expensive neighborhoods in Edina are Promenade ($1,744), South Cornelia ($1,744) and Southdale ($1,744).
The most popular neighborhood in Edina is Hopkins, where there are 11 verified RENTCafé listings with an average rent of $1,470. Next up is Southdale, where apartments go for $1,744/month, followed by Edinborough with $1,744 If you’re looking to rent in Edina’s most popular neighborhoods, make sure to also check out Grandview, where renters pay $1,571 on average, and Parkwood Knolls, where the average monthly rent is $1,571.
Edina | Rent Comparison by Neighborhood
Rent in 50th and France is 5% lower than in Arden Park
50th and France rent is 25% lower than Edina average
Arden Park rent is 21% lower than Edina average
How Edina Compares to Other Cities
|Average Rent||Y-o-Y Change|
|St. Louis Park||$1,609||2%|
For more information about the Edina rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!