Can A Real Estate Agent Afford Rent in Edina, MN?
Stretched but workable — rent takes 35.5% of gross income.
Edina rent: September 2026. Salary: BLS OEWS May 2024 (Minnesota state estimate).
About rent and a real estate agent salary
Real estate agent pay is commission-driven and varies widely with local market conditions. The BLS mean averages high and low producers. At the national-average agent salary, the 30% rule supports about $1,640 a month in rent — though successful agents in active markets earn well above this.
Cheaper rent nearby
These Minnesota cities have lower median rent than Edina, which improves the affordability math on a real estate agent salary:
Compare with full rent data for Edina
View full rent data for Edina, MN →Frequently asked questions
Can a real estate agent afford rent in Edina, MN?
Median rent in Edina is $2,015 a month. A typical real estate agent in Minnesota earns about $68,203 a year, which makes that rent 35.5% of gross monthly income. Under the 30% rule, the answer is no — rent exceeds the 30% threshold.
How much rent can a real estate agent afford in Edina?
Using the 30% rule, a real estate agent salary in Minnesota (~$68,203/yr) supports up to $1,705 a month in rent. Edina's current median rent is $2,015/mo, which is $310/mo over the affordability threshold.
How many hours does a real estate agent work to cover rent in Edina?
At an hourly equivalent of about $33 an hour, a real estate agent in Minnesota works roughly 61.5 hours a month to cover Edina's median rent of $2,015.
Where is rent cheaper than Edina for a real estate agent?
Nearby Minnesota cities with lower median rent include Apple Valley ($2,013/mo), Prior Lake ($2,011/mo), Apple Valley ($2,010/mo). Each shifts the affordability math materially on a real estate agent salary.