
Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $800 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Rochester area of Rochester.


423 4th Ave SE

Hillside Apartments

320 5th St SE

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101 Center E St, Unit 416

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Meadow Park Apartments

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Zick Apartments

504 E Center St

226 11th St SE

723 E Center St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Ida

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The Colby

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Furlow Apartments

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Civic Square Apartments

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812 1st St NW, Unit 2

1348 5th Ave SE

Med City Apartments

410 6th Ave SW

Bryk on Broadway

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864 9th Ave SE
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

1126 7th Ave SE

802 2nd St NW

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Residence at Discovery Square

322 6th St SE

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5th on 5th Apartments

The HUE

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The Riverview

The Gryff Apartments

319 14th St SW

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Nicholas Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Richard Apartments

501 on First

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The Berkman

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1123 2nd St NW, Unit B

220 Broadway Ave S, Unit Indigo 1115

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Metropolitan Market Place

4 11th Ave NW

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Flats on 4th

1215 7th Ave SE

619 2nd St NW
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.

211 Broadway Ave S

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The Park in Kutzky Neighborhood

Flats at Uptown

Raymond Apartments

Chester Estates

The Beacon

Uptown Landing

Lobb Field Apartments

Newhouse

28 6th Ave SE
The Art of the Rental Viewing: What to look for during a property tour
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.
Downtown Rochester, Rochester, MN Local Guide

How much does it cost to rent an apartment in Downtown Rochester?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Rochester Studio Apartments | $1,506 | $900 | $1,945 |
| Downtown Rochester 1 Bedroom Apartments | $1,682 | $875 | $2,708 |
| Downtown Rochester 2 Bedroom Apartments | $2,172 | $900 | $3,695 |
| Downtown Rochester 3 Bedroom Apartments | $2,817 | $1,020 | $4,080 |
| Downtown Rochester 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 2 mile radius of the Downtown Rochester Neighborhood of Rochester, MN.
See all Apartments in RochesterExplore Rochester
Downtown Rochester, Rochester, MN Local Guide
- Nearby Rochester neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Rochester Apartments for Rent
 The cheapest available apartment rental in the Downtown Rochester area of Rochester, MN is a Studio unit found at Hillside Apartments priced from $900. Zick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $945. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Zick Apartments | Studio | Studio,1BA | $945 |
| Meadow Park Apartments | Classic One Bedroom | 1BR,1BA | $945 |
| Flats at Uptown | 1BR/1.0BA | 1BR,1BA | $950 |
| Furlow Apartments | Studio | Studio,1BA | $1,020 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,045 |
| Center Stone Apartments | 1 Bedroom Furnished Apartment | 1BR,1BA | $1,100 |
| Residence at Discovery Square | Industrial Flat - Alcove | Studio,1BA | $1,245 |
| The HUE | Azure | Studio,1BA | $1,295 |
| The Riverview | 1 Bed + Den | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of June 08, 2026 the best value apartment in the Downtown Rochester area is the $1.70 price per square foot Terzina Model at The Berkman in the in the Meadow Park neighborhood starting from $3,999. The second greatest value Downtown Rochester apartment is the 2 Bed Model at The Oliver starting at $1,895 with a $1.06 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Downtown Rochester apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Berkman | Terzina | 3BR,2BA | $1.70 |
| The Oliver | 2 Bed | 2BR,2BA | $1.06 |
| 318 Commons | 4BR/2.5BA | 4BR,2.5BA | $1.50 |
| 501 on First | 2 Bedroom - 2 Bath (Type 16) | 2BR,2BA | $2.01 |
| Quarry Ridge Apartments | B5R | 2BR,2BA | $1.55 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| Civic Square Apartments | Two Bedroom - 855 Sq. Ft. | 2BR,2BA | $1.77 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $2.06 |
| DM Communities - Rochester | 620-106 | 1BR,1BA | $1.99 |
| Hillside Apartments | Studio | Studio ,1BA | $1.90 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Rochester, Rochester, MN
Ranked #5
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Rochester Apartments
What is the Cheapest Studio apartment in Downtown Rochester?
Currently the most affordable Cheap Studio Apartment in Downtown Rochester is at Hillside Apartments listed at $900.
How much is rent for a Cheap One Bedroom Downtown Rochester Apartment?
The lowest price for a Cheap One Bedroom Downtown Rochester Apartment is $945 at Meadow Park Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Rochester Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Rochester is starting from $1,045 at Meadow Park Apartments.
What is the most affordable Downtown Rochester Three Bedroom Apartment?
The best deal on a cheap Downtown Rochester Three Bedroom Apartment rental is at Meadow Park Apartments and starts from $1,020.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.