Edina, MN Rental Market Trends
What is the average rent in Edina?
The average rent for an apartment in Edina is $1,505, a change amounting to approximately 0% compared to the previous year. Read the full Rent Report to learn more details on how apartment rents compare to other locations in the area, and what are the most affordable or most expensive cities for renting around Minneapolis, MN.
Average Rent in Edina, MN
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,505 | 0% | 946 sq. ft. |
What is the average apartment size in Edina?
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
- $701-$1,00011%
- $1,001-$1,50047%
- $1,501-$2,00030%
- > $2,00012%
Edina, MN Occupied Housing Units
- Renter-occupied Households35%
- Owner-occupied Households64%
7,848 or 35% of the households in Edina, MN are renter-occupied while 13,968 or 64% are owner-occupied.
Edina, MN Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Edina, MN | $1,361 | $1,366 | $1,438 | $1,452 | $1,491 | $1,509 | $1,502 | $1,541 | $1,497 | $1,505 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Edina, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Birchcrest | $1,735 |
| Bredesen Park | $1,735 |
| Countryside | $1,735 |
| Fox Meadow | $1,735 |
| Grandview | $1,735 |
| Highlands | $1,735 |
| Hilldale | $1,735 |
| Melody Lake | $1,735 |
| Parkwood Knolls | $1,735 |
| Rolling Green | $1,735 |
| Todd Park | $1,735 |
| Centennial Lakes | $1,704 |
| Edinborough | $1,704 |
| Lake Cornelia | $1,704 |
| Lake Edina | $1,704 |
| Parklawn | $1,704 |
| Pentagon Park | $1,704 |
| Promenade | $1,704 |
| South Cornelia | $1,704 |
| Southdale | $1,704 |
| Morningside | $1,687 |
| Hopkins | $1,474 |
| Interlachen Park | $1,430 |
| Braemar Hills | $1,372 |
| Brookview Heights | $1,372 |
| Cahill | $1,372 |
| Creek Valley | $1,372 |
| Dewey Hill | $1,372 |
| Indian Hills | $1,372 |
| Indian Trails | $1,372 |
| Normandale Park | $1,372 |
| Prospect Knolls | $1,372 |
| The Heights | $1,372 |
| Presidents | $1,352 |
| Arden Park | $1,185 |
| Concord | $1,185 |
| Edina Country Club | $1,185 |
| Golf Terrace Heights | $1,185 |
| Minnehaha Woods | $1,185 |
| Pamela Park | $1,185 |
| Sunnyslope | $1,185 |
| White Oaks | $1,185 |
| 50th and France | $1,148 |
| Chowen Park | $1,135 |
| Creek Knoll | $1,135 |
| Strachauer Park | $1,135 |
What are the most affordable neighborhoods in Edina?
The most affordable neighborhoods in Edina are Chowen Park, where the average rent goes for $1,135/month, Creek Knoll, where renters pay $1,135/mo on average, and Strachauer Park, where the average rent goes for $1,135/mo. If you’re looking for other great deals, check out the listings from 50th and France ($1,148), Arden Park ($1,185), and Concord ($1,185), where the asking prices are below the average Edina rent of $1,505/mo.
What are the most expensive neighborhoods in Edina?
The most expensive neighborhoods in Edina are Parkwood Knolls ($1,735), Rolling Green ($1,735) and Todd Park ($1,735).
What are the most popular neighborhoods in Edina?
The most popular neighborhood in Edina is Hopkins, where there are 14 verified RENTCafé listings with an average rent of $1,474. Next up is Southdale, where apartments go for $1,704/month, followed by Concord with $1,185 If you’re looking to rent in Edina’s most popular neighborhoods, make sure to also check out Edinborough, where renters pay $1,704 on average, and Grandview, where the average monthly rent is $1,735.
Edina | Rent Comparison by Neighborhood
Rent in 50th and France is 3% lower than in Arden Park
50th and France rent is 24% lower than Edina average
| Average Rent | $1,148 |
|---|
Arden Park rent is 21% lower than Edina average
| Average Rent | $1,185 |
|---|
How Edina Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Minneapolis | $1,559 | -3% |
| St. Paul | $1,313 | n/a |
| Bloomington | $1,437 | -1% |
| Edina | $1,505 | n/a |
| St. Louis Park | $1,596 | -1% |
| Plymouth | $1,407 | 1% |
| St. Cloud | $884 | 3% |
| Minnetonka | $1,457 | n/a |
| Coon Rapids | $1,183 | 3% |
| Eagan | $1,355 | 2% |
| Eden Prairie | $1,485 | -2% |