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Open Microsoft Edge. Click ⋯. Click Settings. Scroll down and click View advanced settings. Scroll down to the "Downloads" section and click Change. Select a folder. Click Select Folder.
This app icon resembles a dark-blue "e". It's in the top-right corner of the Edge window. This option is at the bottom of the drop-down menu. It's near the bottom of the menu. This will open a window with folders on your computer listed. Click a folder that you want to set as your default download location. This will choose the folder you clicked as the default location for any subsequent downloads. You can also click the "Ask me what to do with each download" switch to have Edge prompt you for a confirmation before every download.