Low Income Apartments and Affordable Housing For Rent in Edina, MN

Discover affordable housing in Edina where there are 9+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Oak Glen of Edina

5515 Oak Gln, Edina, Minnesota 55439

66 West

3330 W 66TH ST, Edina, Minnesota 55435

South Haven

3400 Parklawn Ave, Edina, Minnesota 55435

Summit Point

5010 Summit Ave, Edina, Minnesota 55436

Yorkdale Townhomes

7401 York Ave S, Edina, Minnesota 55435

Amundson Flats

7075 Amundson Ave, Edina, Minnesota 55439

The Sound on 76th

4100 76th St W, Edina, Minnesota 55435

Yorktown Continental

7151 York Ave S, Edina, Minnesota 55435

5.0 Tasks Unlimited Lodges

5141 William Ave, Edina, Minnesota 55436

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Edina, Minnesota
$30.72/hour
$21.87 (+247%) more than Minnesota minimum wage and $23.47 (+324%) more than the Federal minimum wage.
Learn More About Edina, Minnesota Affordable Housing ↓

What HUD offices serve Edina, Minnesota?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Edina, Minnesota.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Edina, Minnesota.

Go to the Minnesota Public Housing and Low-Income Apartments Waiting Lists page for openings near Edina.

How many renters live in Edina, Minnesota?

The City of Edina has 53,037 people living in 22,609 households.

There are 12,010 renters living in 6,575 renter households in this City. Renters make up 22.64 percent of the population living in Edina.

What is the rental market like in Edina, Minnesota?

There are an estimated 23,998 housing units in the Edina area. Of these, 7,071 units are rental homes, making up 29 percent of the housing market. For every renter household in Edina, Minnesota, there are 1 rental units.

What is the vacancy rate for rentals in Edina?

The rental vacancy rate in Edina is 6 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Edina for each bedroom size?

Occupied Rental Units by Size in Edina
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
359 2,687 2,703 647 140
Occupied Rental Units by Size in Edina

A large number of apartments in Edina have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Edina are overburdened by housing costs?

Among renter households in this market, 47 percent have housing cost burden. Further, 24 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Edina

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,174 to $2,478. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,174
One BR $1,327
Two BR $1,622
Three BR $2,188
Four BR $2,478
2024 Fair Market Rents in Edina, Minnesota

How many units are rented at Fair Market Rent (FMR) in Edina?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 130 36 percent
One BR 775 29 percent
Two BR 874 32 percent
Rental Units Below FMR in Edina, Minnesota

How many affordable rental units are in Edina?

There are a variety of federal affordable housing programs serving households in Edina, Minnesota including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 544
Section 8 Project-Based Rental Assistance 422
Tracked Units by Federal Program in Edina, Minnesota

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Edina, Minnesota

Edina features 586 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Edina, Minnesota

There are 6 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Edina.

Housing Choice Vouchers in Edina, Minnesota

On average, Section 8 Housing Choice vouchers pay Edina landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Edina.

The maximum amount a voucher would pay on behalf of a low-income tenant in Edina, Minnesota for a two-bedroom apartment is between $1,460 and $1,784.

Sourced from federal housing data and AffordableHousingOnline.com research.