Apartments in Edina

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How much does it cost to rent an apartment in Edina?

Edina Apartments
Bed Type Average Rent Range
Studio $1,290 $1,160 - $1,430
1BR $1,750 $1,230 - $2,000
2BR $1,700 $1,420 - $2,670
3BR $2,450 $2,380 - $3,380

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Edina:
March Rent Report

Welcome to the March 2024 Edina Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2024 key findings and figures for the Edina rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Edina and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Edina average rent prices in the chart below.

Monthly Rent Report

$1,750
$1,310
$880
$440
$0
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
1 BR       2 BR

Edina Rent Prices Increase From February to March

Edina rent prices increased over the last month. From February to March, the city experienced a 3.25% increase for the price of a one-bedroom apartment. The rent price for a Edina one-bedroom apartments currently stands at $1,650.0.

When we take a look at the two-bedroom comparison from February to March, Edina experienced a 0.31% increase for the price of a two-bedroom apartment. The rent price for a Edina two-bedroom apartments currently stands at $1,632.0.

March Prices: Edina vs. Surrounding Areas

Rent Prices in Edina and Surrounding Areas

Rent prices have increased in Edina over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Edina suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Edina suburbs

  • Rents did not decrease in any of the Edina suburbs.

March 2024 Pricing Trends: Edina vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,976
$3,029
$2,358
$2,336
$1,866
$1,310
$1,235
$1,124
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Edina Rent Prices More Affordable Than Major Cities

Rent growth in Edina over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Edina average rent prices appear to be relatively affordable for local residents.

The price for a Edina one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Edina and surrounding area rent prices, take a look at the complete data set below.

Data set for Edina and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.