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City Report · MN

Edina

Pop. 53,262·10th most expensive in Minnesota·Rental market data updated monthly for Edina, MN
Median rent (all units)
$2,009/mo
Year-over-Year
+3.5%
Month-over-Month
+0.5%
vs US Median
+$44
Stable (Monthly)
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Most AffordableMost Expensive
Edina · $2,009
More expensive than 60% of US cities · National median $1,965/mo
Rent Reality Score
57/100
Fairly priced
OverheatedFairGreat value

Rents are 3% below what Edina's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,009/mo
Expected by trend
$2,079/mo
The Rent Reality Score compares today's median rent to where Edina's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,520
1 BR
$1,723
2 BR
$2,100
3 BR
$2,797
4 BR+
$3,133
Research median
$2,100/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$24,108/yr
At $2,009/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.5% YoY, +0.5% MoM), not inventory.
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Demographics

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.

Population
53,262
Median income
$128,767
Median age
44.9
Renters
27.6%
Age distribution
22.4%
15.1%
25%
14.6%
23%
Under 1822.4%
18–3415.1%
35–5425%
55–6414.6%
65+23%
Gender
46.9%
53.1%
Male46.9%
Female53.1%
Race & ethnicity
80.8%
White80.8%
Black3.1%
Hispanic3.8%
Asian7%
Other5.3%
Education (25+)
17.7%
72.7%
No HS diploma1.7%
HS diploma7.9%
Some college17.7%
Bachelor's+72.7%
Housing tenure
72.4%
27.6%
Owner72.4%
Renter27.6%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Edina, MN has changed in 5 years

Rent
$1,728 → $2,009
up 16.3%
Income
$115,047 → $128,767
up 11.9%
Population
53,059 → 53,262
up 0.4%
Renter share
29.6% → 27.6%
-2.0 pts
Bachelor's+
71.9% → 72.7%
+0.8 pts

Since 2021, the typical rent in Edina, MN has increased from $1,728 to $2,009, a 16.3% 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.

Community

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View Edina rent history (2015–2026) →
Salary vs rent

Can you afford rent in Edina on your salary?

At $2,009/mo, how Edina rent compares to typical pay (30% rule).

By apartment size

Edina rent by bedroom count

Median rent for each apartment size in Edina. Click any size for full breakdown.

Local insights

Tips for renters in Edina

About renting in Edina, MN

Last updated: July 20, 2026

The median rent in Edina is $2,009/mo as of July 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 3.5% over the past year.

FAQ

Frequently asked questions

Is Edina an affordable city for renters?

Edina is considered very affordable for renters. At $2,009/mo, rent takes approximately 19% of the local median household income ($128,767/yr). The standard benchmark is 30%. Edina falls comfortably within that range.

How much income do you need to rent in Edina?

To keep rent at or below 30% of gross income, you would need to earn at least $80,000/year (~$38/hour full-time) to afford the median rent of $2,009/mo in Edina. The local median household income is $128,767/yr, meaning the typical Edina household meets that threshold.

Is rent going up or down in Edina?

Rent in Edina has increased 3.5% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Edina neighborhoods have the lowest rent?

The most affordable ZIP codes in Edina are 55436 ($1,830/mo), 55435 ($1,962/mo), and 55424 ($2,796/mo). Citywide, the median rent in Edina is $2,009/mo.

How does Edina rent compare to other cities in Minnesota?

Edina is one of the pricier cities in Minnesota for rent, ranking #10 out of 67 tracked cities at $2,009/mo.

Which nearby cities are cheaper to rent in than Edina?

Several nearby cities have lower median rents than Edina ($2,009/mo): Richfield ($1,318/mo), Hopkins ($1,539/mo), Bloomington ($1,684/mo).

What percentage of Edina residents rent vs. own?

According to Census data, approximately 27.6% of Edina households are renters, while 72.4% are owner-occupied. Edina leans toward homeownership, which can mean a smaller rental inventory.

How does Edina rent compare to the national average?

Edina's median rent of $2,009/mo is $44 (2%) above the US national median of $1,965/mo. Within Minnesota, it ranks #10 out of 67 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $2,009/mo, rent takes ~19% of Edina's median household income ($128,767/yr). The standard benchmark is 30%.

Edina 19%Benchmark 30%
State income tax5.35–9.85%
Run the Edina affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Edina, MN

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