Rental market snapshot for Edina, Minnesota

Edina, Minnesota Rental Property Market Overview

Edina, Minnesota is a vibrant city located in Hennepin County with a population of 53,318 as of 2021, according to the US Census. It is a thriving community with a variety of amenities, including excellent schools, parks, and recreational activities. The city is home to a diverse population, with a variety of cultures, religions, and lifestyles. Edina is also known for its shopping, dining, and entertainment options, making it a great place to live and visit.

The average rent for an apartment in Edina is $2,604. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Edina Minnesota | Cost of Living

  • The most expensive ZIP code in Edina is 55424 with an average price of $3,824.
  • The cheapest ZIP code in Edina is 55410 with an average price of $2,094.

Edina ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
155424$3,824
255436$2,481
355435$2,357
455416$2,150
555410$2,094

Live near Edina, Minnesota's Top Sights and Attractions

Centennial Lakes Park is a beautiful outdoor space located in Edina, Minnesota. It features a 10-acre lake surrounded by walking paths, a boardwalk, and a variety of gardens and landscaped areas. The park also includes a playground, picnic areas, and a variety of outdoor activities such as fishing, canoeing, and paddle boating. The park is a great place to relax and enjoy nature, with plenty of wildlife and birds to observe.

Pamela Park is a beautiful outdoor area located in Edina, Minnesota. It features a large pond, a playground, and a picnic area with grills. There are also plenty of walking and biking trails that wind through the park, allowing visitors to take in the natural beauty of the area. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Pamela Park is a great place to spend a day outdoors, whether it's for a picnic, a walk, or just to relax and enjoy the scenery.

Arden Park is a picturesque park located in a residential area. It features a large pond with a fountain, a playground, a picnic area, and plenty of walking paths. The park also has a variety of trees, shrubs, and flowers, making it a great spot for nature lovers. It's a great place to take a stroll, have a picnic, or just relax and enjoy the scenery.

Centennial Lakes is a picturesque park located in the heart of a bustling metropolitan area. It features a 10-acre lake surrounded by lush green lawns, walking paths, and a variety of trees and shrubs. The lake is stocked with fish and is a popular spot for fishing, canoeing, and kayaking. The park also has a playground, picnic areas, and a large amphitheater for outdoor concerts and events. In the summer months, the lake is a popular spot for swimming, and the park is a great place to take a leisurely stroll or bike ride.

Rosland Park is a beautiful outdoor area located in Edina, Minnesota. It features a large pond, walking trails, and a playground. The park also has a picnic area, a gazebo, and a basketball court. The park is a great place to take a stroll, have a picnic, or just relax and enjoy the scenery.

Edinborough Park is a large, family-friendly park located in Edina, Minnesota. It features a variety of activities for all ages, including an indoor playground, a large outdoor pool, a mini golf course, a walking path, and a variety of sports courts. The park also has a picnic area, a pavilion, and a concession stand. The park is a great place to spend a day with family and friends, and it is a popular destination for locals and visitors alike.

Mcguire Park is a popular outdoor destination located in the heart of Edina. It features a large open green space, perfect for picnics, sports, and other activities. The park also has a playground, a walking path, and a pond with a fountain. In addition, there are several benches and picnic tables scattered throughout the park, providing a great spot to relax and take in the scenery.

Lewis Park is a picturesque park located in a residential area. It features a large pond with a fountain, a walking path, and a playground. The park also has a picnic area with tables and grills, a basketball court, and a sand volleyball court. The park is surrounded by lush trees and shrubs, making it a great spot for a peaceful stroll or a picnic.

Walnut Ridge Park is a beautiful outdoor space located in Edina, Minnesota. It features a large, open grassy area perfect for picnics, sports, and other activities. There is also a playground for children, a walking path, and a pond with a fountain. The park also has a variety of trees, shrubs, and flowers, making it a great place to relax and enjoy nature.

Lincoln Drive Floodplain is a scenic natural area located in Edina, Minnesota. It features a large wetland area, with a variety of wildlife, including birds, amphibians, and mammals. The area is also home to a variety of trees, shrubs, and wildflowers. Visitors can explore the area on foot, or take a canoe or kayak out onto the water. There are also plenty of picnic areas and benches to relax and enjoy the view.

Edina, Minnesota area median rent change by ZIP code map

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How does Edina compare to other cities in Minnesota?

citymedian price
Hugo$2,995
Chaska$2,045
Hanover$1,972
Isanti$1,460
St. Cloud$1,095

Average household income in Edina area graph - US Census

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The median household income in Edina in 2021 was $115,047. This represents a 36.6% change from 2011 when the median was $84,251.

#categorypercent
0Less than $10,0003.1%
1$10,000 to $14,9991.5%
2$15,000 to $19,9993.7%
3$20,000 to $24,9993.4%
4$25,000 to $29,9992.3%
5$30,000 to $34,9992.6%
6$35,000 to $39,9993.1%
7$40,000 to $44,9992.6%
8$45,000 to $49,9993.1%
9$50,000 to $59,9995.8%
10$60,000 to $74,9996.1%
11$75,000 to $99,9999.4%
12$100,000 to $124,9999.6%
13$125,000 to $149,9998.0%
14$150,000 to $199,9999.3%
15$200,000 or more26.4%

Neighborhoods in Edina

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Edina is $2,604.
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