
Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $800 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Rochester area of Rochester.


Total Monthly Price
101 Center E St, Unit 416

Meadow Park Apartments

Zick Apartments

Hillside Apartments

Lobb Field Apartments

2nd St Flats

223 8th Ave SE

103 7th Ave NW
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.

453 13th Ave NW

Total Monthly Price
The Ida

Newhouse

423 4th Ave SE

Civic Square Apartments

Bryk on Broadway

Med City Apartments

5th on 5th Apartments

Residence at Discovery Square
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.

The Gryff Apartments

318 Commons

The Riverview

Nicholas Apartments

501 on First

Richard Apartments

Red44 Luxury Apartments | Specials Available

First & Banks

Metropolitan Market Place
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.

The HUE

Total Monthly Price
Flats on 4th

Total Monthly Price
1148 5th Ave SE, Unit 2

The Park in Kutzky Neighborhood

Uptown Apartments

1215 7th Ave SE

The Beacon

Chester Estates

Raymond Apartments
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The Colby

Uptown Landing

Furlow Apartments

Center Street Village

Village On 3rd Apartments

Cascade Creek Apartments

Uptown Terrace

Maria Apartments

Old City Hall
Navigating 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.

1st Avenue Flats

Lofts at Mayo Park

The Lofts
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 | $1,521 | $875 | $1,995 |
| Downtown Rochester 1 Bedroom Apartments | $1,720 | $800 | $2,705 |
| Downtown Rochester 2 Bedroom Apartments | $2,342 | $895 | $4,000 |
| Downtown Rochester 3 Bedroom Apartments | $3,042 | $1,050 | $5,588 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Downtown Rochester Neighborhood of Rochester, MN.
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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 1 Bed unit found at Chester Estates priced from $865. Meadow Park Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chester Estates | 1 Bed | 1BR,1BA | $865 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $895 |
| Hillside Apartments | Studio | Studio,1BA | $900 |
| The Beacon | Studio | Studio,1BA | $995 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
| The Riverview | 1 Bed | 1BR,1BA | $1,295 |
| 318 Commons | 0BR/1.0BA | Studio,1BA | $1,295 |
| Bryk on Broadway | Studio - Type 2 - 80% | Studio,1BA | $1,339 |
| Residence at Discovery Square | Alcove | Studio,1BA | $1,370 |
| Richard Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of March 10, 2026 the best value apartment in the Downtown 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 Downtown Rochester apartment is the 2 Bedroom Model at 1st Avenue Flats starting at $1,490 with a $1.48 price per square foot in the Historic Southwest 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. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| 1148 5th Ave SE, Unit 2 | 1148 5th Ave SE | 2BR,1BA | $1.71 |
| The Riverview | 2bed/2 Bathroom | 2BR,2BA | $1.68 |
| Civic Square Apartments | Two Bedroom - 855 Sq. Ft. | 2BR,2BA | $1.77 |
| Richard Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.96 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1.44 |
| Chester Estates | 1 Bed | 1BR,1BA | $1.33 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1.85 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 $865 at Chester Estates.
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 $895 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 $1,220.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.