Cheap Homes for Rent in Downtown Rochester Neighborhood of Rochester, MN from $1,400 (10 Rentals)

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

property at 207 5th Ave SW

207 5th Ave SW

RochesterMN55902

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.

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

Best Value Apartments for Rent in Downtown Rochester, MN

As of June 30, 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 C1R Model at Quarry Ridge Apartments starting at $2,060 with a $1.56 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Quarry Ridge ApartmentsC1R3BR,2BA$1.56
The Riverview3bed/2bathroom3BR,2BA$1.27
702 9th St SE, Unit 3702 9th St SE2BR,1BA$1.05
1st Avenue Flats2 Bedroom2BR,2BA$1.47
1143 1st St NW, Unit 3021143 1st St NW1BR,1BA$1.02
DM Communities - Rochester219 One-Bedrooms1BR,1BA$0.99
The Colby1bd/1ba1BR,1BA$1.53
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.73
504 7th St SW, Unit 4504 7th St SWStudio ,1BA$1.23

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Frequently Asked Questions about Downtown Rochester

What type of rentals are currently available in Downtown Rochester?

There are currently 114 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $700 to $8,687. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,440 to $3,400.

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 $1,440 to $3,400 with an average monthly rent of $2,214.

How much are larger Three and Four Bedroom Rentals in Downtown Rochester?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Rochester range from $1,000 to $8,687, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,900.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.