ZIP Code · MN

ZIP 55435

Part of Edina, MN

Pop. 14,192·Hennepin County·25th most expensive ZIP in Minnesota

Median rent (all units)

$1,963/mo

Year-over-Year

+5.7%

Month-over-Month

+1.2%

vs US Median

+$31

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 55435 · $1,963

More expensive than 59% 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

$1,530

1 BR

$1,730

2 BR

$2,110

3 BR

$2,790

4 BR+

$3,120

Research median

$2,110/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

Compared with the peak

Rent in ZIP 55435 is at its highest level since Zillow's records here began in January 2022.

Past year vs. the rest of Minnesota

Rent in ZIP 55435 changed +5.7% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent has risen 8 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($79,884) is $1,997 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,730); a 2-bedroom is $2,110.

Rank in Edina

2nd cheapest of 3 ZIP codes in Edina.

Cheaper nearby

ZIP 55423, 3 miles away, rents for 29% less ($1,396/mo), about $6,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 55435. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$23,556/yr

At $1,963/mo median

Location

CityEdina

StateMN

CountyHennepin County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 5.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+5.7% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 55435 (Edina, MN) is roughly split between renters and owners, has a large retiree population, 62.6% of residents hold a bachelor's degree or higher.

Population

14,192

Median income

$79,884

Median age

48.3

Renters

52.4%

Age distribution

14.6%

23%

17.5%

13.5%

31.4%

Under 1814.6%

18–3423%

35–5417.5%

55–6413.5%

65+31.4%

Gender

42.9%

57.1%

Male42.9%

Female57.1%

Race & ethnicity

73.4%

White73.4%

Black6.8%

Hispanic6.1%

Asian10.1%

Other3.6%

Education (25+)

22.7%

62.6%

No HS diploma2.7%

HS diploma12%

Some college22.7%

Bachelor's+62.6%

Housing tenure

47.6%

52.4%

Owner47.6%

Renter52.4%

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

2022 vs 2026

How ZIP 55435 in Edina, MN has changed in 5 years

Rent

$1,786 → $1,963

up 9.9%

Income

$68,511 → $79,884

up 16.6%

Population

13,753 → 14,192

up 3.2%

Renter share

57.3% → 52.4%

-4.9 pts

Bachelor's+

61.1% → 62.6%

+1.5 pts

Compared with 2022, rent in ZIP 55435 in Edina, MN has increased by $177 per month, settling near $1,963 after starting the period at $1,786. Local incomes tracked alongside that move, going from a median of $68,511 in 2021 to $79,884 more recently. Income growth outran rent by about 6.7 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 13,753 to 14,192 between 2021 and 2024, a 3.2% change. About 52.4% of households rent today, against 57.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 55435 in Edina, MN market of 2022.

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About renting in ZIP 55435

Last updated: October 17, 2026

ZIP code 55435 covers Edina, MN. The median rent here is $1,963/mo as of October 2026. A 1-bedroom rents for a median of $1,730/mo. A 2-bedroom rents for a median of $2,110/mo.

At 29% of local median household income ($79,884/yr), ZIP 55435 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55435?

To keep rent at or below 30% of gross income, you would need to earn at least $79,000/year (about $38/hour full-time) to afford the median rent of $1,963/mo in ZIP 55435. The local median household income is $79,884/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55435?

Rent in ZIP 55435 has risen 5.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2022.

How does ZIP 55435 compare to other ZIPs in Minnesota?

ZIP 55435 is one of the pricier among Minnesota ZIP codes for rent, ranking #25 of 123 at $1,963/mo. Over the year to September 2026, rent in ZIP 55435 changed +5.7%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.