Cheap Apartments for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $700 (50 Rentals)

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

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 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.

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.

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855 1st St SW
Studio Apartments

855 1st St SW

855 1st St SWRochester, MN 55902
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Chester Estates
1 Bedroom Apartments

Chester Estates

1463-1537 6th Ave SERochester, MN 55904
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Zick Apartments
Studio to 1 Bedroom Apartments

Zick Apartments

603 1st St SWRochester, MN 55902
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2nd St Flats
1 Bedroom Apartments

2nd St Flats

221-229 19th Ave SWRochester, MN 55902
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Uptown Landing
1 Bedroom Apartments

Uptown Landing

621 1st St SWRochester, MN 55902
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Raymond Apartments
Studio to 1 Bedroom Apartments

Raymond Apartments

23 7th Ave SWRochester, MN 55902
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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.

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Furlow Apartments
Studio to 1 Bedroom Apartments

Furlow Apartments

512 4th St SWRochester, MN 55902
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Uptown Terrace
1 to 2 Bedroom Apartments

Uptown Terrace

625 3rd StRochester, MN 55902
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The Lofts
1 Bedroom Apartments

The Lofts

609 1st St SWRochester, MN 55902
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Old City Hall
1 to 2 Bedroom Apartments

Old City Hall

224 1st Ave SWRochester, MN 55902
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The Riverview
1 to 3 Bedroom Apartments

The Riverview

211 1st St NERochester, MN 55906
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Lofts at Mayo Park
1 to 2 Bedroom Apartments

Lofts at Mayo Park

123 6th Ave SERochester, MN 55904
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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 1 Bed unit found at DM Communities - Rochester priced from $795. Meadow Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 One-Bedrooms1BR,1BA$795
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$800
Chester Estates1BR/1.0BA1BR,1BA$895
The Colby1bd/1ba1BR,1BA$995
Hillside ApartmentsOne Bedroom/One Bath1BR,1BA$1,100
Nicholas ApartmentsStudioStudio,1BA$1,325
Bryk on BroadwayStudio - Type 2 - 80%Studio,1BA$1,350

Best Value Apartments for Rent in Downtown Rochester, MN

As of June 07, 2025 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 3bed/2bathroom Model at The Riverview starting at $1,650 with a $1.31 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.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
The Riverview3bed/2bathroom3BR,2BA$1.31
702 9th St SE, Unit 3702 9th St SE2BR,1BA$1.05
1st Avenue Flats2 Bedroom2BR,2BA$1.47
DM Communities - Rochester219 One-Bedrooms1BR,1BA$0.99
The Colby1bd/1ba1BR,1BA$1.66
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.73
504 7th St SW, Unit 4504 7th St SWStudio ,1BA$1.23
315 5th St SE, Unit 2315 5th St SE1BR,1BA$1.40
Chester Estates1BR/1.0BA1BR,1BA$1.88

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.

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Pet Friendly Lifestyle
Downtown Rochester, Rochester, MN

Ranked #10

Among neighborhoods in Rochester, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Getting Around the Downtown Rochester Neighborhood in Rochester, MN

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Frequently Asked Questions about Cheap Downtown Rochester Apartments

What is a cheap apartment in Downtown Rochester?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Rochester is under $1,350.

What is the price of a cheap apartment in Downtown Rochester?

The cheapest apartment in Downtown Rochester is DM Communities - Rochester which is listed at $795, while the average apartment in Downtown Rochester costs $2,042.

What types of apartments are the cheapest in Downtown 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 16 regular apartments in Downtown 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 Downtown Rochester?

Cheap apartments in Downtown Rochester have an average cost of $381 which is $1,661 cheaper than the average rent for all rentals in Downtown 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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.