Edina, MN Rental Market Trends
Highlights
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
- $701-$1,0006%
- $1,001-$1,50055%
- $1,501-$2,00027%
- > $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
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Edina, MN | $1,278 | $1,320 | $1,319 | $1,361 | $1,366 | $1,438 | $1,452 | $1,491 | $1,509 | $1,502 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Edina, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Strachauer Park | $1,102 |
| Creek Knoll | $1,102 |
| Chowen Park | $1,102 |
| 50th and France | $1,123 |
| White Oaks | $1,185 |
| Sunnyslope | $1,185 |
| Pamela Park | $1,185 |
| Minnehaha Woods | $1,185 |
| Golf Terrace Heights | $1,185 |
| Edina Country Club | $1,185 |
| Concord | $1,185 |
| Arden Park | $1,185 |
| The Heights | $1,280 |
| Prospect Knolls | $1,280 |
| Normandale Park | $1,280 |
| Indian Trails | $1,280 |
| Indian Hills | $1,280 |
| Dewey Hill | $1,280 |
| Creek Valley | $1,280 |
| Cahill | $1,280 |
| Brookview Heights | $1,280 |
| Braemar Hills | $1,280 |
| Presidents | $1,372 |
| Interlachen Park | $1,408 |
| Hopkins | $1,470 |
| Todd Park | $1,571 |
| Rolling Green | $1,571 |
| Parkwood Knolls | $1,571 |
| Melody Lake | $1,571 |
| Hilldale | $1,571 |
| Highlands | $1,571 |
| Grandview | $1,571 |
| Fox Meadow | $1,571 |
| Countryside | $1,571 |
| Bredesen Park | $1,571 |
| Birchcrest | $1,571 |
| Morningside | $1,704 |
| Southdale | $1,744 |
| South Cornelia | $1,744 |
| Promenade | $1,744 |
| Pentagon Park | $1,744 |
| Parklawn | $1,744 |
| Lake Edina | $1,744 |
| Lake Cornelia | $1,744 |
| Edinborough | $1,744 |
| Centennial Lakes | $1,744 |
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
| Average Rent | $1,123 |
|---|
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 | $1,588 | 3% |
| St. Paul | $1,303 | 3% |
| Plymouth | $1,399 | 3% |
| Bloomington | $1,451 | 5% |
| St. Louis Park | $1,609 | 2% |
| Edina | $1,502 | 3% |
| Minnetonka | $1,456 | 4% |
| Brooklyn Center | $1,053 | 2% |
| Eden Prairie | $1,521 | 7% |
| Hopkins | $1,470 | 4% |
| St. Anthony | $1,203 | 2% |
For more information about the Edina rental trends, check out our monthly rent report
Check out Minnesota Cities, Minnesota Neighborhoods and Minnesota Zip Codes for more details on verified listings, including the Minnesota Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!