Starting at $1,355 Plus Fees
- Studio - 2 Beds
8075 Eden Prairie Rd, Eden Prairie, MN 55347
Savings at The Ellie - up to 2 months free on 12+ month lease.
The Ellie
Frequently Asked Questions
How much does it cost to rent a home in Eden Prairie, MN?
The median rent for a home in Eden Prairie, MN is $2,595 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Eden Prairie, MN?
To comfortably afford the median rent in Eden Prairie, MN, a household needs to earn roughly $103,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,595 per month in Eden Prairie, MN, renters typically need to show $7,785 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Eden Prairie, MN?
In Eden Prairie, MN, the price-to-rent ratio is 16.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Eden Prairie, MN are best for renting a home?
The best neighborhood for renting in Eden Prairie, MN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Lake Edina/Parklawn and West Bloomington, each with its own character and price range.
