ZIP Code · MN

ZIP 55344

Part of Eden Prairie, MN

Pop. 14,034·Hennepin County·49th most expensive ZIP in Minnesota

Median rent (all units)

$1,767/mo

Year-over-Year

+3.9%

Month-over-Month

Stable

vs US Median

-$165

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 55344 · $1,767

More affordable than 53% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 55344 usually run 1.9% below trend in December and 1.6% above it in June, about $62 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55344 is 0% below its high of $1,767 in August 2026, at $1,767 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55344 changed +3.9% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

What a typical income covers

30% of the median household income ($89,565) is $2,239 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,080); a 3-bedroom is $2,750.

Cheaper nearby

ZIP 55423, 7 miles away, rents for 21% less ($1,396/mo), about $4,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55344. 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.

Annual cost

$21,204/yr

At $1,767/mo median

Location

CityEden Prairie

StateMN

CountyHennepin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (3.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+3.9% YoY, +0.0% 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

$1,496 → $1,767

up 18.1%

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 $1,496 to $1,767, a 18.1% 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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About renting in ZIP 55344

Last updated: October 17, 2026

ZIP code 55344 covers Eden Prairie, MN. The median rent here is $1,767/mo as of October 2026. A 1-bedroom rents for a median of $1,710/mo. A 2-bedroom rents for a median of $2,080/mo.

At 24% of local median household income ($89,565/yr), ZIP 55344 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.9% over the past year.

FAQ

Frequently asked questions

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 $71,000/year (about $34/hour full-time) to afford the median rent of $1,767/mo in ZIP 55344. The local median household income is $89,565/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55344?

Rent in ZIP 55344 has risen 3.9% over the past year as of September 2026. It sits 0% below its high of $1,767 in August 2026.

When is the cheapest time to rent in ZIP 55344?

Asking rents in ZIP 55344 are usually lowest in December, about 1.9% below their yearly trend, and highest in June, about 1.6% above it. At today's median that is a gap of roughly $62 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55344 compare to other ZIPs in Minnesota?

ZIP 55344 is in the middle among Minnesota ZIP codes for rent, ranking #49 of 123 at $1,767/mo. Over the year to September 2026, rent in ZIP 55344 changed +3.9%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.