Cheap Apartments for Rent in Rochester, MN from $700 (115 Rentals)

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Search the lowest-cost Apartments available for rent right now in Rochester.

property at 818 W Center St

818 W Center St

RochesterMN55902

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Rochester, MN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Rochester, MN

Pricing Updated: 07/01/2025

Current apartment rentals in the Rochester, MN area range in price from $700 to $8,687 with an overall median price of $2,305. The three Rochester neighborhoods with the lowest median rent pricing are Downtown Rochester at $700, Historic Southwest at $700, and Kutzky Park at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Rochester Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Rochester$1,930$70071
Historic Southwest$1,987$700132
Kutzky Park$2,000$700135
Mayo Clinic$2,000$700118
Uptown Rochester$2,002$70029
East Rochester$2,017$700190
Meadow Park$2,104$700120
Northwest Rochester$2,185$905273
Forest Knoll Heritage$2,291$1,41513
North Rochester$4,537$700460

Cheapest Available Rochester Apartments for Rent

 

The cheapest available apartment rental in Rochester, MN is a 1 Bed unit found at DM Communities - Rochester in the Meadow Park neighborhood priced from $795. Meadow Park Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Rochester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 One-Bedrooms1BR,1BA$795
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$800
The Colby1bd/1ba1BR,1BA$895
Chester Estates1BR/1.0BA1BR,1BA$895
The Gates of RochesterCarlyle1BR,1BA$905
Building 4 - 210 16th St NEBuilding 4 - 210 16th St NE - 4-2051BR,1BA$975

Best Value Apartments for Rent in Rochester, MN

As of July 02, 2025 the best value apartment in the Rochester area is the $1.07 price per square foot 2BR Model at Broadway Plaza - Mayo Clinic in the in the Meadow Park neighborhood starting from $1,700. The second greatest value Rochester apartment is the 3 Bedroom Model at Georgetowne Homes starting at $1,600 with a $1.18 price per square foot in the Northwest Rochester neighborhood. Here is today’s list of the best values for Rochester apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Georgetowne Homes3 Bedroom3BR,2BA$1.18
Cottages of Stewartville3 Bedroom 1 Bathroom3BR,1BA$1.25
702 9th St SE, Unit 3702 9th St SE2BR,1BA$1.05
Heritage Manor ApartmentsSunflower2BR,1BA$1.14
Olympik Village ApartmentsAres2BR,1BA$1.17
2210 18 1/2 Ave NW, Unit 12210 18 1/2 Ave NW2BR,1BA$1.06
1143 1st St NW, Unit 3021143 1st St NW1BR,1BA$1.02
DM Communities - Rochester219 One-Bedrooms1BR,1BA$0.99
504 7th St SW, Unit 4504 7th St SWStudio ,1BA$1.23

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Rochester Overview

The third largest city in all of Minnesota, apartments in Rochester have been rising in popularity for the better part of the last few decades. Located on the shores of the beautiful Silver Lake, this hub of industry and natural scenery is a fantastic place to hang your hat.

Why live in Rochester, MN?

Boasting a charmed quality of life and easy access to a growing and steady job market, apartments in Rochester are sure to fit the bill for many Minnesota residents. Offering all of the amenities of a large city (including numerous public parks and excellent schools), Rochester still manages to maintain a small town feel all its own.

Pet Friendly Lifestyle
Rochester, MN

Ranked #89

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Rochester, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rochester, MN Rentals by Map

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See the most popular apartments and homes in Rochester, MN

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Getting Around Rochester, MN

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

64 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Rochester Apartments

What is a cheap apartment in Rochester?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rochester is under $975.

What is the price of a cheap apartment in Rochester?

The cheapest apartment in Rochester is DM Communities - Rochester which is listed at $795, while the average apartment in Rochester costs $2,305.

What types of apartments are the cheapest in Rochester?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 219 regular apartments in Rochester that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Rochester?

Cheap apartments in Rochester have an average cost of $509 which is $1,796 cheaper than the average rent for all rentals in Rochester.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.