Edina renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in the purple and dark green areas.

Edina, MN map of rent costs by neighborhood

Rental Price Key

Luxury
High-end
Mid-tier
Most affordable

 


On average, the cost of rent in Edina is about $1,712 per month. This puts it in the 98th percentile compared to the state average cost of rent, which is $1,235. Households in Edina have a median income of $10,682 per month so the average renter in Edina is spending roughly 16% of their earnings on housing.

Nationally, and in Edina, home values are the data point most closely correlated with the cost of rent. The median price of a home in Edina is $676,545 right now, which is higher than cities nearby, meaning that rents in Edina also tend to be higher versus these nearby cities.

Higher rent prices are common in the southern parts of Edina while lower rent rates are often available in northern areas.

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