Median rent for residential apartments in Edina, MN as of Oct, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
71 Edina, MN, USA apartments for rent
Edina
Edina, MN has a population of 50,603, while the median age is 45. The household income in Edina, MN is around $96,477. The homeownership rate among the residents is 72%. The median residential property value in Edina, MN that you should keep in mind is $438,300.
| Population | 50,603 |
| Median Age | 44.6 |
| Poverty Rate | 5% |
| Household Income | $96,477 |
| Number Of Employees | 24,672 |
| Median Property Value | $438,300 |
Housing Trends
Rent vs Own
How much is an apartment in Edina, MN, USA
Average apartment rent in Edina: $1,922 (+9.6%)
| Rent Price | Oct | vs Last Month |
|---|---|---|
| Studio apartments | $1,546 | +16.2% |
| 1-bed apartments | $1,516 | -0.7% |
| 2-bed apartments | $2,198 | +4.9% |
| 3-bed apartments | $2,119 | -23% |
| 4+ bed apartments | $3,020 | -25.4% |
Over the Oct 2022, the average rent for an apartment in/near Edina, MN increased by 9.6% to $1,922.
Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 0.7% to $1,516. Pricing for 2-bed apartment also increased by 4.9% and a place of this size will now cost you $2,198. 3-bed apartment rent pricing starts at $2,119, it decreased by 23% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 25.4% and made it down to $3,020.
| Rent Type Price | Oct | vs Last Month |
|---|---|---|
| Apartments for rent | $1,889 | +9.8% |
| Houses for rent | $2,821 | -27.1% |
| Condos for rent | $1,300 | -33.8% |
The median rent for an apartment in Edina, MN increased by 9.8% to $1,889. Statistics show that house rent price decreased by 27.1% this month making it up to $2,821. Condos faced an upward trend these days. The median rent for a condo decreased by 33.8%, it’s now available for $1,300.