Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $700 (67 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
101 Center E St, Unit 313
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
1 Month Lease Term
Studio Apartment Available Sep 8

101 Center E St, Unit 313

101 Center E StRochester, MN 55904
Furnished
  • Smoke Free
close
View Me
Zick Apartments
$945 - $1,895

Total Monthly Price

Base Rent$945 - $1,895

Total Monthly Price$945 - $1,895
Studio to 2 Bedroom Apartments Available Now

Zick Apartments

603 1st St SWRochester, MN 55902
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 313 7th Ave SE
$950

Total Monthly Price

Base Rent$950

Total Monthly Price$950
Studio, 1 Bath Home for Rent
Available Oct 10
Affordability

313 7th Ave SE

RochesterMN55904
close
View Me
The Colby
$1,025 - $1,125

Total Monthly Price

Base Rent$945 - $1,045
Required Monthly Fees$80

Total Monthly Price$1,025 - $1,125
1 Bedroom Apartments Available Now

The Colby

1804-1806 Second St SWRochester, MN 55902
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour
property at 322 6th St SE
$1,100

Total Monthly Price

Base Rent$1,100

Total Monthly Price$1,100
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

322 6th St SE

RochesterMN55904

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.

close
View Me
George Apartments
$1,175 - $1,330

Total Monthly Price

Base Rent$1,095 - $1,250
Required Monthly Fees$80

Total Monthly Price$1,175 - $1,330
1 Bedroom Apartments Available Dec 7

George Apartments

625 3rd StRochester, MN 55902
Furnished
  • Verified
  • Utilities Included
close
View Me
Andrew Apartments
$1,175 - $1,280

Total Monthly Price

Base Rent$1,095 - $1,200
Required Monthly Fees$80

Total Monthly Price$1,175 - $1,280
1 Bedroom Apartments Available Sep 20

Andrew Apartments

621 1st St SWRochester, MN 55902
Affordability
  • Verified
  • Utilities Included
  • Smoke Free
close
View Me
The Ida
$1,200 - $1,400

Total Monthly Price

Base Rent$1,200 - $1,400

Total Monthly Price$1,200 - $1,400
1 Bedroom Apartments Available Now

The Ida

1226-1232 4th Ave SWRochester, MN 55902
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 519 E Center St
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Bedroom, 1 Bath Home for Rent
Available Sep 10
Affordability

519 E Center St

RochesterMN55904
close
View Me
1238 Center St W, Unit #3
$1,250

Total Monthly Price

Base Rent$1,250

Total Monthly Price$1,250
1 Month Lease Term
1 Bedroom Apartment Available Now

1238 Center St W, Unit #3

1238 Center St WRochester, MN 55902
Furnished

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.

close
View Me
5th on 5th Apartments
$1,270 - $1,680

Total Monthly Price

Base Rent$1,230 - $1,640
Required Monthly Fees$40

Total Monthly Price$1,270 - $1,680
Studio to 1 Bedroom Apartments Contact Us For Availability

5th on 5th Apartments

510 5th St SWRochester, MN 55902
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
property at 804 4th St SW
$1,295

Total Monthly Price

Base Rent$1,295

Total Monthly Price$1,295
1 Bedroom, 1 Bath Home for Rent
Available Oct 1
Affordability

804 4th St SW

RochesterMN55902
property at 319-323 Broadway Ave S
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
Studio, 1 Bath Home for Rent
Available Sep 10
Affordability

319-323 Broadway Ave S

RochesterMN55904
close
View Me
The Riverview
$1,345 - $1,595

Total Monthly Price

Base Rent$1,345 - $1,595

Total Monthly Price$1,345 - $1,595
1 to 2 Bedroom Apartments Available Now

The Riverview

211 1st St NERochester, MN 55906
Affordability
  • Verified
  • Utilities Included
  • 3D Tour
property at 517 5th Ave SE
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
2 Bedroom, 1 Bath Home for Rent
Available Oct 13
Affordability

517 5th Ave SE

RochesterMN55904
property at 319 14th St SW
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

319 14th St SW

RochesterMN55902
close
View Me
Nicholas Apartments
Rent Specials
$1,370 - $1,895

Total Monthly Price

Base Rent$1,370 - $1,895

Total Monthly Price$1,370 - $1,895
Studio to 2 Bedroom Apartments Available Now

Nicholas Apartments

722 W Center StRochester, MN 55902
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour

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.

close
View Me
864 9th Ave SE
$1,395 - $1,495

Total Monthly Price

Base Rent$1,395 - $1,495

Total Monthly Price$1,395 - $1,495
12 Month Lease Term
2 Bedroom Apartment Available Now

864 9th Ave SE

864 9th Ave SERochester, MN 55904
Cost Per Sq.Ft.
  • Smoke Free
property at 410 6th Ave SW
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
12 Month Lease Term
2 Bedroom, 1 Bath Condo for Rent
Available Oct 5
Affordability

410 6th Ave SW, Unit C3

410 6th Ave SW
RochesterMN55902
  • Smoke Free
property at 824 W Center St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

824 W Center St

RochesterMN55902
property at 1910 Center St W
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
1 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1910 Center St W

RochesterMN55902
close
View Me
The Berkman
Rent Specials
$1,464 - $8,821

Total Monthly Price

Base Rent$1,374 - $8,731
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Berkman

217 14th Ave SWRochester, MN 55902
Furnished
  • Verified
  • Customer Reviewed
  • Smoke Free
close
View Me
Riverwalk Rochester
Rent Specials
$1,507 - $2,807

Total Monthly Price

Base Rent$1,495 - $2,795
Required Monthly Fees$12

Total Monthly Price$1,507 - $2,807
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Riverwalk Rochester

449 E Center StRochester, MN 55904
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Flats on 4th
$1,525 - $3,300

Total Monthly Price

Base Rent$1,525 - $3,300

Total Monthly Price$1,525 - $3,300
Studio to 2 Bedroom Apartments Available Now

Flats on 4th

412 SE 3rd AveRochester, MN 55904
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

close
View Me
Uptown Apartments
$1,540 - $1,840

Total Monthly Price

Base Rent$1,470 - $1,770
Required Monthly Fees$70

Total Monthly Price$1,540 - $1,840
1 to 2 Bedroom Apartments Available Now

Uptown Apartments

1721 3rd St SWRochester, MN 55902
Pet Friendly
  • Verified
  • Utilities Included
  • 3D Tour
property at 1215 7th Ave SE
$1,579

Total Monthly Price

Base Rent$1,579

Total Monthly Price$1,579
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1215 7th Ave SE

RochesterMN55904
close
View Me
Maven on Broadway
Rent Specials
$1,590 - $3,859

Total Monthly Price

Base Rent$1,515 - $3,784
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Maven on Broadway

425 S BroadwayRochester, MN 55904
Corporate Housing
  • Verified
  • 3D Tour
  • Smoke Free
close
View Me
857 1st St SW
Studio Apartments

857 1st St SW

857 1st St SWRochester, MN 55902
close
View Me
Flats at Uptown
1 Bedroom Apartments

Flats at Uptown

221-229 19th Ave SWRochester, MN 55902
close
View Me
Raymond Apartments
Studio to 1 Bedroom Apartments

Raymond Apartments

23 7th Ave SWRochester, MN 55902
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
857 1st St SW0BR/1.0BAStudio,1BA$700
The BeaconStudioStudio,1BA$995
NewhouseStudioStudio,1BA$1,025
The Colby1bd/1ba1BR,1BA$1,050
Hillside ApartmentsOne Bedroom/One Bath1BR,1BA$1,125
Zick Apartments2BR/1BA2BR,2BA$1,170
Meadow Park ApartmentsModern Two Bedroom2BR,1BA$1,170
Med City ApartmentsStudioStudio,1BA$1,205
Quarry Ridge ApartmentsS1RStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
864 9th Ave SE864 9th Ave SE2BR,1BA$1.07
Maven on BroadwayC62BR,2BA$2.05
Red44 | Luxury ApartmentsAzimuth2BR,2BA$1.86
The Riverview2bed/2 Bathroom2BR,2BA$1.51
Uptown Apartments2 Bedroom 2 Bath2BR,2BA$2.00
Civic Square ApartmentsTwo Bedroom - 883 Sq. Ft.2BR,2BA$1.73
Meadow Park ApartmentsModern Two Bedroom2BR,1BA$1.55
Zick Apartments2BR/1BA2BR,2BA$1.67
Nicholas Apartments1 BR/1 BA1BR,1BA$1.96
DM Communities - Rochester620-1061BR,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 Article
Decorative image

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.

Read Article

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Rochester, Rochester, MN

Ranked #5

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My! article

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.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.