Rents are 2% below what Edina's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,015 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
December. Asking rents in Edina usually run 1.6% below trend in December and 1.1% above it in July, about $54 a month apart at today's median. Based on 9 years of data.
Rent in Edina is at its highest level since Zillow's records here began in December 2016.
Rent in Edina changed +3.4% over the year to September 2026. Across the 53 Minnesota cities Zillow tracks, the typical change was +3.4%.
From 2019 to 2024, rent in Edina rose 17.3% while median household income rose 23.5% ($104,244 to $128,767). Income kept ahead of rent.
Rent in Edina is 21.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($128,767) is $3,219 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,133).
The priciest of 3 ZIP codes in Edina, 55424 ($2,985/mo), costs 1.7 times the cheapest, 55436 ($1,806/mo).
Hopkins, 3 miles away, rents for 20% less ($1,617/mo), about $4,800 a year in savings.
From Zillow's monthly rent index (ZORI) for Edina. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Edina, MN is majority owner-occupied, has a large retiree population, has a median income above the national average, 72.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Edina, MN has changed in 5 years
Since 2021, the typical rent in Edina, MN has increased from $1,690 to $2,015, a 19.2% change over five years. On the earnings side, the typical household in Edina, MN now reports about $128,767, up from $115,047 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 27.6% of households, compared with 29.6% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and Edina, MN reflects that arc in its own way.
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At $2,015/mo, how Edina rent compares to typical pay (30% rule).
Edina rent by bedroom count
Median rent for each apartment size in Edina. Click any size for full breakdown.
Tips for renters in Edina
Last updated: October 17, 2026
The median rent in Edina is $2,015/mo as of October 2026. A studio apartment averages $1,520/mo while a 2-bedroom runs $2,100/mo. One-bedroom apartments average $1,723/mo and 3-bedroom units go for $2,797/mo.
At 19% of local median household income ($128,767/yr), Edina ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.4% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Edina?
At $2,015/mo, rent takes ~19% of Edina's median household income ($128,767/yr). The standard benchmark is 30%.
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