Millennium Edina
3250 W 66th St,
Edina, MN 55435
Studio - 3 Beds | $1,688 - $3,938
Rental Market Trends in Edina, MN
Updated September 2026
The average rent in Edina, MN is $1,691/month.
Rent in Edina is roughly equal to the national average rent of of $1,665/month.
$1,691/month
Average Rent
756 Sq Ft
Average Size
+2.8%
Change / Year
1,579
Available Apartments
Edina rent varies by unit size and layout:
- Studio apartments in Edina average $1,439 per month.
- One-bedroom apartments in Edina average $1,691 per month.
- Two-bedroom apartments in Edina average $2,284 per month.
- Three-bedroom apartments in Edina average $3,348 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Edina, MN?
In the past year, rent has increased by 2.8%, which averages out to $47 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Edina, MN
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
5%
$700 - $1,000/month
44%
$1,001 - $1,500/month
23%
$1,501 - $2,000/month
29%
Above $2,000/month
What salary do I need to live comfortably in Edina, MN?
Because the average rent in Edina is $1,691, you’ll want to make about $5,636 per month or $67,632 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.
View the Edina Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Hopkins
Avg Rent: $1,356/month
-
Saint Louis Park
Avg Rent: $1,539/month
-
Richfield
Avg Rent: $1,191/month
-
Minnetonka
Avg Rent: $1,688/month
-
Bloomington
Avg Rent: $1,425/month
-
Eden Prairie
Avg Rent: $1,595/month
-
Golden Valley
Avg Rent: $1,529/month
-
Minneapolis
Avg Rent: $1,423/month
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Frequently Asked Questions
What is the average rent in Edina?
The average rent in Edina is $1,691 per month, which is 1.6% higher than the national average of $1,665.
What is the average rent for a house in Edina?
The average rent for a house in Edina, MN is $2,724 per month.
What is the average rent for a townhome in Edina?
The average rent for a townhome in Edina, MN is $2,443 per month.
What is the average rent for a condo in Edina?
The average rent for a condo in Edina, MN is $1,311 per month.
Are rents going up or down in Edina?
Rents in Edina, MN are increasing, with prices up 2.8% year-over-year and $47 more per month.
What rent range is most common in Edina?
In Edina, MN, 44% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.