
Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $700 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Rochester area of Rochester.


Hillside Apartments

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Zick Apartments

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Meadow Park Apartments

313 7th Ave SE

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1243 4th Ave SW, Unit 1

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Furlow Apartments

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The Colby

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Civic Square Apartments

322 6th St SE
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

1301 1st St SW, Unit 202

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George Apartments

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Andrew Apartments

Bryk on Broadway

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325 Broadway Ave S, Unit 2

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The Ida

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Med City Apartments

519 E Center St

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1115 9 1/2 Ave SE, Unit 2

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1238 Center St W, Unit #3
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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5th on 5th Apartments

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Residence at Discovery Square

The HUE

804 4th St SW

319-323 Broadway Ave S

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The Riverview

The Gryff Apartments

517 5th Ave SE

319 14th St SW

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Nicholas Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Richard Apartments

501 on First

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864 9th Ave SE

410 6th Ave SW, Unit C3

824 W Center St

1910 Center St W

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The Berkman

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Riverwalk Rochester

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Metropolitan Market Place

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Flats on 4th
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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Uptown Apartments

1215 7th Ave SE

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Maven on Broadway

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The Park in Kutzky Neighborhood

First & Banks

Red44 | Luxury Apartments

Broadway Plaza - Mayo Clinic

857 1st St SW

Flats at Uptown

Raymond Apartments
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.
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 | $1,449 | $900 | $1,975 |
| Downtown Rochester 1 Bedroom Apartments | $1,614 | $945 | $2,807 |
| Downtown Rochester 2 Bedroom Apartments | $2,090 | $995 | $4,259 |
| Downtown Rochester 3 Bedroom Apartments | $3,221 | $1,270 | $4,105 |
Browse Apartments in this Neighborhood
There are currently 67 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
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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 857 1st St SW priced from $700. The Beacon has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 857 1st St SW | 0BR/1.0BA | Studio,1BA | $700 |
| The Beacon | Studio | Studio,1BA | $995 |
| Newhouse | Studio | Studio,1BA | $1,025 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,050 |
| Hillside Apartments | One Bedroom/One Bath | 1BR,1BA | $1,125 |
| Zick Apartments | 2BR/1BA | 2BR,2BA | $1,170 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1,170 |
| Med City Apartments | Studio | Studio,1BA | $1,205 |
| Quarry Ridge Apartments | S1R | Studio,1BA | $1,226 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of September 07, 2026 the best value apartment in the Downtown Rochester area is the $1.07 price per square foot 864 9th Ave SE Model at 864 9th Ave SE in the in the Meadow Park neighborhood starting from $1,395. The second greatest value Downtown Rochester apartment is the C6 Model at Maven on Broadway starting at $2,465 with a $2.05 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. |
|---|---|---|---|
| 864 9th Ave SE | 864 9th Ave SE | 2BR,1BA | $1.07 |
| Maven on Broadway | C6 | 2BR,2BA | $2.05 |
| Red44 | Luxury Apartments | Azimuth | 2BR,2BA | $1.86 |
| The Riverview | 2bed/2 Bathroom | 2BR,2BA | $1.51 |
| Uptown Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $2.00 |
| Civic Square Apartments | Two Bedroom - 883 Sq. Ft. | 2BR,2BA | $1.73 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1.55 |
| Zick Apartments | 2BR/1BA | 2BR,2BA | $1.67 |
| Nicholas Apartments | 1 BR/1 BA | 1BR,1BA | $1.96 |
| DM Communities - Rochester | 620-106 | 1BR,1BA | $1.99 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
3.5Pet 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 857 1st St SW listed at $700.
How much is rent for a Cheap One Bedroom Downtown Rochester Apartment?
The lowest price for a Cheap One Bedroom Downtown Rochester Apartment is $1,050 at The Colby.
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 $1,170 at Zick 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 First & Banks and starts from $2,895.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.