close
View Me
$900Studio Apartments Available May 5
1301 1st St SW, Unit 203
1301 1st St SWRochester, MN 55902
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.
28 6th Ave SE
RochesterMN55904
20 Mayo Park Dr 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.
1910 Center St W
RochesterMN55902
524 10th St SE
RochesterMN55904
1215 7th Ave SE
RochesterMN55904
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 | $1,858 | $1,475 | $2,395 |
| Downtown Rochester 3 Bedroom Homes for Rent | $1,969 | $1,300 | $2,800 |
| Downtown Rochester 4 Bedroom Homes for Rent | $3,015 | $2,295 | $3,950 |
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.
Explore Rochester
Downtown Rochester, Rochester, MN Local Guide
- Nearby Rochester neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Zick Apartments priced from $895. Hillside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Zick Apartments | 1BR Basement | 1BR,1BA | $895 |
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $920 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of April 24, 2026 the best value apartment in the Downtown Rochester area is the $1.91 price per square foot 2 Beds, 2 baths Model at Metropolitan Market Place in the in the Meadow Park neighborhood starting from $1,975. The second greatest value Downtown Rochester apartment is the Orbit Model at Red44 Luxury Apartments | Specials Available starting at $1,920 with a $1.91 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. |
|---|---|---|---|
| Metropolitan Market Place | 2 Beds, 2 baths | 2BR,2BA | $1.91 |
| Red44 Luxury Apartments | Specials Available | Orbit | 1BR,1BA | $1.91 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| 1148 5th Ave SE, Unit Unit 2 | 1148 5th Ave SE | 2BR,1BA | $1.71 |
| Med City Apartments | Two Bed | 2BR,1BA | $1.61 |
| Lobb Field Apartments | A | 2BR,1BA | $1.42 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1.85 |
| Zick Apartments | 1BR Basement | 1BR,1BA | $1.43 |
| DM Communities - Rochester | 620-307 | 1BR,1BA | $1.66 |
| Hillside Apartments | Studio | Studio ,1BA | $1.90 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Let everyone know!
Do you know the Downtown Rochester area?
If you’re an expert on all things Downtown Rochester, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Rochester, Rochester, MN
Ranked #6
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Downtown Rochester
What type of rentals are currently available in Downtown Rochester?
There are currently 127 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $760 to $5,388. There are also 22 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,050 to $3,950.
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 $3,950 with an average monthly rent of $2,016.
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 $5,388, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,295 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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.