Cheap Homes for Rent in the Downtown Rochester Neighborhood of Rochester, MN from $1,370 (7 Rentals)

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

property at 621 5th Ave SE
$1,370

Total Monthly Price

Base Rent$1,370

Total Monthly Price$1,370
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

621 5th Ave SE

RochesterMN55904
property at 220 Broadway Ave S
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Condo for Rent
Available Sep 15
Affordability

220 Broadway Ave S

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.

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 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
property at 224 9th Ave NW
$1,525

Total Monthly Price

Base Rent$1,525

Total Monthly Price$1,525
2 Bedroom, 1 Bath Home for Rent
Available Sep 10
Affordability

224 9th Ave NW

RochesterMN55901

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.

property at 306 19th Ave SW
$1,625

Total Monthly Price

Base Rent$1,625

Total Monthly Price$1,625
2 Bedroom, 2 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

306 19th Ave SW

RochesterMN55902

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

Best Value Apartments for Rent in Downtown Rochester, MN

As of September 08, 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.

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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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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.

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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 #5

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Downtown Rochester

What type of rentals are currently available in Downtown Rochester?

There are currently 129 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $900 to $4,259. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,370 to $6,000.

What is the current price range for Rental Homes in Downtown Rochester?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Rochester ranges from $1,370 to $6,000 with an average monthly rent of $2,639.

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

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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.