Starting at $1,900 Plus Fees
- 2 Beds
11445-11447 Anderson Lakes Pkwy, Eden Prairie, MN 55344
Lake Place Luxury Apartments & Townhomes
Lake Place Luxury Apartments & Townhomes
(952) 230-0906
Frequently Asked Questions
How much does it cost to rent a townhouse in Eden Prairie, MN?
The median rent for a townhouse in Eden Prairie, MN is $2,400 per month, though prices vary by neighborhood, size, and property type. As of May 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 $96,000 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 $2,400 per month in Eden Prairie, MN, renters typically need to show $7,200 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 17.0, 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.
