147 Apartments under 1400 for rent in Eden Prairie, MN

Last updated August 16 at 9:55am UTC
17557 Pond Cir
Eden Prairie
Eden Prairie, MN
Updated August 15 at 11:15am UTC
2 Bedrooms
$1,350
Results within 1 miles of Eden Prairie, MN
Excelsior Manor
838 3rd Avenue
Excelsior, MN
Updated August 16 at 9:55am UTC
1 Bedroom
Ask
2 Bedrooms
$1,005
Results within 5 miles of Eden Prairie, MN
Bay Pointe
840 3rd Ave
Excelsior, MN
Updated August 16 at 9:55am UTC
1 Bedroom
$905
2 Bedrooms
Ask
Tonkaway
818 3rd Ave
Excelsior, MN
Updated August 16 at 9:54am UTC
2 Bedrooms
$955
The Sixton
1601 Harvest Lane
Shakopee, MN
Updated August 16 at 3:20am UTC
Studio
$900
1 Bedroom
$1,250
2 Bedrooms
$1,775
10702 Cavell Rd
Minneapolis
Minneapolis, MN
Updated August 4 at 5:08pm UTC
2 Bedrooms
$1,395

August 2018 Eden Prairie Rent Report

Welcome to the August 2018 Eden Prairie Rent Report. Eden Prairie rents increased over the past month. In this report, we'll evaluate trends in the Eden Prairie rental market, including comparisons to cities throughout the state and nation.

View full Eden Prairie Rent Report
Rent Report
Eden Prairie

August 2018 Eden Prairie Rent Report

Welcome to the August 2018 Eden Prairie Rent Report. Eden Prairie rents increased over the past month. In this report, we'll evaluate trends in the Eden Prairie rental market, including comparisons to cities throughout the state and nation.

Eden Prairie rents increased moderately over the past month

Eden Prairie rents have increased 0.3% over the past month, and are up marginally by 0.9% in comparison to the same time last year. Currently, median rents in Eden Prairie stand at $1,420 for a one-bedroom apartment and $1,790 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in February. Eden Prairie's year-over-year rent growth lags the state average of 1.7%, as well as the national average of 1.2%.

Rents rising across cities in Minnesota

Throughout the past year, rent increases have been occurring not just in the city of Eden Prairie, but across the entire state. Of the largest 10 cities that we have data for in Minnesota, 9 of them have seen prices rise. The state as a whole logged rent growth of 1.7% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Eden Prairie is the most expensive of all Minnesota's major cities, with a median two-bedroom rent of $1,790; of the 10 largest cities in the state that we have data for, Minneapolis, where a two-bedroom goes for $1,140, is the only major city to see rents fall year-over-year (-0.4%).
  • Hopkins, Minnetonka, and Anoka have all experienced year-over-year growth above the state average (6.8%, 4.0%, and 3.8%, respectively).

Many large cities nationwide show more affordable rents compared to Eden Prairie

As rents have increased marginally in Eden Prairie, other large cities nationwide have seen rents grow more quickly. Compared to most large cities across the country, Eden Prairie is less affordable for renters.

  • Eden Prairie's median two-bedroom rent of $1,790 is above the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.9% rise in Eden Prairie.
  • While Eden Prairie's rents rose marginally over the past year, many cities nationwide saw decreases, including Chicago (-1.8%), Baltimore (-1.6%), and Tulsa (-0.5%).
  • Renters will generally find more expensive prices in Eden Prairie than most large cities. For example, Tulsa has a median 2BR rent of $820, where Eden Prairie is more than twice that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Minneapolis $910 $1,140 0.1% -0.4%
St. Paul $970 $1,220 -0.3% 2.0%
Eden Prairie $1,420 $1,790 0.3% 0.9%
Burnsville $1,090 $1,370 0.7% 3.3%
Minnetonka $1,170 $1,480 0.8% 4.0%
Chaska $1,050 $1,320 -0.1% 2.8%
Hopkins $1,110 $1,400 -0.3% 6.8%
Anoka $950 $1,200 0.3% 3.8%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.