28 6th Ave SE
RochesterMN55904
Cheap Homes for Rent in Downtown Rochester Neighborhood of Rochester, MN from $1,000 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Rochester area of Rochester.
410 6th Ave SW
RochesterMN55902
1126 7th Ave SE
RochesterMN55904
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.
1728 1st St SW
RochesterMN55902
220 Broadway Ave S, Unit Indigo 1115
220 Broadway Ave S
RochesterMN55904
1909 5th St SW
RochesterMN55902
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.
Showing Results 1-6, Page 1 of 1
Downtown Rochester, Rochester, MN Local Guide
How much does it cost to rent a home in Downtown Rochester?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Rochester 2 Bedroom Homes for Rent | $1,674 | $1,200 | $1,950 |
| Downtown Rochester 3 Bedroom Homes for Rent | $2,257 | $1,995 | $2,700 |
| Downtown Rochester 4 Bedroom Homes for Rent | $2,991 | $2,250 | $4,400 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 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 Studio unit found at Hillside Apartments priced from $900. Zick Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $945. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Zick Apartments | Studio | Studio,1BA | $945 |
| Meadow Park Apartments | Classic One Bedroom | 1BR,1BA | $945 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of June 08, 2026 the best value apartment in the Downtown Rochester area is the $1.70 price per square foot Terzina Model at The Berkman in the in the Meadow Park neighborhood starting from $3,999. The second greatest value Downtown Rochester apartment is the 2 Bed Model at The Oliver starting at $1,895 with a $1.06 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Berkman | Terzina | 3BR,2BA | $1.70 |
| The Oliver | 2 Bed | 2BR,2BA | $1.06 |
| 318 Commons | 4BR/2.5BA | 4BR,2.5BA | $1.50 |
| 501 on First | 2 Bedroom - 2 Bath (Type 16) | 2BR,2BA | $2.01 |
| Quarry Ridge Apartments | B5R | 2BR,2BA | $1.55 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| Civic Square Apartments | Two Bedroom - 855 Sq. Ft. | 2BR,2BA | $1.77 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $2.06 |
| DM Communities - Rochester | 620-106 | 1BR,1BA | $1.99 |
| 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.
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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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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 LifestyleDowntown Rochester, Rochester, MN
Ranked #5
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Downtown Rochester
What type of rentals are currently available in Downtown Rochester?
There are currently 132 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $875 to $4,080. There are also 23 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,050 to $4,400.
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 $1,050 to $4,400 with an average monthly rent of $2,069.
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 $1,020 to $4,080, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,995 to $2,700. Four Bedroom Single-Family rentals are also available starting from $2,250 and Four Bedroom Apartments start at $1,950.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.