Edina, MN Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Edina is $1,849, a 1.91% increase compared to the previous year, when the average rent was $1,814.
Studio Apartments at $1,266 offer the most budget-friendly option with 502 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 744 square feet for $1,610, balancing privacy and affordability.
Two-beedroom units at $2,096 offer 1,094 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,522 sq ft) for $2,628, suitable for larger households.
Average rent in Edina, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,849 | 918 sq. ft. |
| Studio | $1,266 | 502 sq. ft. |
| 1 Bed | $1,610 | 744 sq. ft. |
| 2 Beds | $2,096 | 1,094 sq. ft. |
| 3 Beds | $2,628 | 1,522 sq. ft. |
Edina, MN rent trends
Rental prices in Edina, MN have increased by 1.91% over the past year. The average rent moved from $1,814 to $1,849.
What's the typical rent budget in Edina, MN?
The largest share of rentals in Edina, MN (40%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Edina, MN?
6,292 or 28% of the households in Edina, MN are renter-occupied while 16,513 or 72% are owner-occupied.
Most affordable neighborhoods in Edina?
Parklawn $1,597/month
Hopkins $1,598/month
Parkwood Knolls $1,678/month
All of these neighborhoods fall below the city wide average of $1,849/month.Most expensive neighborhoods in Edina?
Pentagon Park $2,076/month
Southdale $2,120/month
Promenade $2,267/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Edina, MN By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Promenade | $2,267 |
| Southdale | $2,120 |
| Pentagon Park | $2,076 |
| Grandview | $2,011 |
| Parkwood Knolls | $1,678 |
| Hopkins | $1,598 |
| Parklawn | $1,597 |
Edina | Rent Comparison by Neighborhood
Rent in Grandview is 26% higher than in Hopkins
Grandview rent is 9% higher than Edina average
Hopkins rent is 14% lower than Edina average
How Edina Compares to Other Cities
| City | Average Rent |
|---|---|
| Edina | $1,849 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| Rochester | $1,642 |
| St. Louis Park | $1,776 |
| Bloomington | $1,676 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Eden Prairie | $1,755 |
| Plymouth, MN | $1,700 |
| Eagan | $1,718 |
| Hopkins, MN | $1,598 |
| Brooklyn Park | $1,335 |
| Maple Grove, MN | $2,173 |
| West St. Paul | $1,338 |
| Chaska, MN | $1,729 |
| Golden Valley | $1,863 |
| Lakeville, MN | $1,856 |
| Brooklyn Center, MN | $1,323 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Edina apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.