The Fred
4640 W 77th St,
Edina, MN 55435
1-3 Beds | $1,495 - $3,245
Rental Market Trends in Edina, MN
What is the average rent in Edina, MN?
$1,614/month
Average Rent
777 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of December 2024, the average rent in Edina, MN is $1,614 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Edina rent prices are 3% higher than the national average. When you rent an apartment in Edina, you can expect to pay about $1,396 per month for a studio, $1,614 for a one-bedroom apartment, and around $2,177 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,369 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Edina, MN?
In the past year, rent has increased by 1%, which averages out to $17 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Edina, MN
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
5%
$700 - $1,000/month
43%
$1,001 - $1,500/month
26%
$1,501 - $2,000/month
26%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Edina?
Based on current rent prices, Armatage is the most affordable neighborhood in Edina.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Edina?
Based on current rent prices, Armatage is the most expensive neighborhood in Edina.
Neighborhood
Average Rent
Average Sq Ft
Which Edina neighborhoods have the most rentals available?
The neighborhood in Edina with the most apartments available is Armatage .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Edina, MN?
Because the average rent in Edina is $1,614, you’ll want to make about $5,380 per month or $64,560 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Edina, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Edina, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
-
-
One Bedroom
$1,000/month
$1,000/month
Two Bedroom
$1,227/month
$1,227/month
Three Bedroom
$1,754/month
$1,754/month
Nearby City Rent Trends
Apartment communities in Edina we think you'll love
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Investment Property Group
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StuartCo
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15
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3,220
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10
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Doran Companies
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10
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1,835
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9
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Main Street Companies, Inc.
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12
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806
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8
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Greco
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11
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1,906
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7
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.