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ZIP Code · MN

ZIP 55344

Pop. 14,034·Hennepin County·54th most expensive ZIP in Minnesota
Median rent (all units)
$1,721/mo
Year-over-Year
+5.0%
Month-over-Month
-0.6%
vs US Median
-$244
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55344 · $1,721
More affordable than 57% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,510
1 BR
$1,710
2 BR
$2,080
3 BR
$2,750
4 BR+
$3,080
Research median
$2,080/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
$20,652/yr
At $1,721/mo median
Location
StateMN
CountyHennepin County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (5.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+5.0% YoY, -0.6% MoM), not inventory.
Demographics

Who lives here

ZIP 55344 (Eden Prairie, MN) is majority renter-occupied, has a median income above the national average, 59.4% of residents hold a bachelor's degree or higher.

Population
14,034
Median income
$89,565
Median age
37.7
Renters
59.9%
Age distribution
18.8%
25.1%
31.2%
18.3%
Under 1818.8%
18–3425.1%
35–5431.2%
55–646.6%
65+18.3%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
63%
17.3%
White63%
Black7%
Hispanic7.3%
Asian17.3%
Other5.4%
Education (25+)
24.3%
59.4%
No HS diploma5.1%
HS diploma11.2%
Some college24.3%
Bachelor's+59.4%
Housing tenure
40.1%
59.9%
Owner40.1%
Renter59.9%

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

2021 vs 2026

How ZIP 55344 in Eden Prairie, MN has changed in 5 years

Rent
$1,478 → $1,721
up 16.4%
Income
$80,939 → $89,565
up 10.7%
Population
15,083 → 14,034
down 7.0%
Renter share
62.3% → 59.9%
-2.4 pts
Bachelor's+
56.3% → 59.4%
+3.1 pts
Median age
35.5 → 37.7
+2.2 yrs

Since 2021, the typical rent in ZIP 55344 in Eden Prairie, MN has climbed from $1,478 to $1,721, a 16.4% change over five years. On the earnings side, the typical household in ZIP 55344 in Eden Prairie, MN now reports about $89,565, up from $80,939 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 7.0% since 2021, moving from about 15,083 residents to roughly 14,034. Renters now make up 59.9% of households, compared with 62.3% five years ago. College-educated residents now make up 59.4% of adults here, versus 56.3% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 55344 in Eden Prairie, MN reflects that arc in its own way.

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Local insights

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About renting in ZIP 55344

Last updated: July 20, 2026

ZIP code 55344 covers Eden Prairie, MN. The median rent here is $1,721/mo as of July 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $2,080/mo.

At 23% of local median household income ($89,565/yr), ZIP 55344 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.0% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55344?

As of July 20, 2026, the median monthly rent in ZIP 55344 (Eden Prairie, MN) is $1,721. This is based on aggregated data from public sources and community submissions.

How does ZIP 55344 rent compare to the US average?

ZIP 55344's median rent of $1,721/mo is $244 (12%) below the US national median of $1,965/mo.

How does ZIP 55344 compare to other ZIPs in Minnesota?

ZIP 55344 falls in the middle range for Minnesota, ranking #54 out of 123 ZIPs at $1,721/mo.

How much income do you need to rent in ZIP 55344?

To keep rent at or below 30% of gross income, you would need to earn at least $69,000/year (~$33/hour full-time) to afford the median rent of $1,721/mo in ZIP 55344. The local median household income is $89,565/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55344?

Rent in ZIP 55344 has increased 5.0% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55344 an affordable place to rent?

ZIP 55344 is considered very affordable for renters. At $1,721/mo, rent takes approximately 23% of the local median household income ($89,565/yr). The standard benchmark is 30%. ZIP 55344 falls comfortably within that range.

What percentage of ZIP 55344 residents rent vs. own?

According to Census data, approximately 59.9% of ZIP 55344 households are renters, while 40.1% are owner-occupied. With a majority renter population, ZIP 55344 has a strong rental market.

How does ZIP 55344 compare to the rest of Eden Prairie?

ZIP 55344 is more affordable than Eden Prairie overall. At $1,721/mo, it's $51 below the Eden Prairie citywide median of $1,772/mo.

When was rent data for ZIP 55344 last updated?

Rent data for ZIP 55344 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,721/mo, rent takes ~23% of ZIP 55344's median household income ($89,565/yr). The standard benchmark is 30%.

ZIP 55344 23%Benchmark 30%
State income tax5.35–9.85%
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Public schools near ZIP 55344 (Eden Prairie, MN)

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