1201 1st St SW
RochesterMN55902
Cheap Homes for Rent in Downtown Rochester Neighborhood of Rochester, MN from $700 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Rochester area of Rochester.
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.
515 1/2 8th St SW
RochesterMN55902
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.
28 6th Ave SE
RochesterMN55904
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
1207 8th Ave SE
RochesterMN55904
220 Broadway Ave S, Unit 907
220 Broadway Ave S
RochesterMN55904
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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 | $1,883 | $1,295 | $2,200 |
| Downtown Rochester 3 Bedroom Homes for Rent | $2,345 | $1,675 | $3,500 |
| Downtown Rochester 4 Bedroom Homes for Rent | $2,030 | $1,825 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 5 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 DM Communities - Rochester priced from $745. Hillside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $870. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| DM Communities - Rochester | 219 Studios | Studio,1BA | $745 |
| Hillside Apartments | Studio | Studio,1BA | $870 |
| Chester Estates | 1BR/1.0BA | 1BR,1BA | $895 |
Best Value Apartments for Rent in Downtown Rochester, MN
As of May 14, 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 Live Oak Model at Cottage Grove at St. Mary's Townhomes starting at $1,989 with a $1.89 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. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| Cottage Grove at St. Mary's Townhomes | Live Oak | 2BR,1BA | $1.89 |
| 318 Commons | 2BR/1.0BA | 2BR,1BA | $1.87 |
| Newly Renovated Apartments | 1BR/1.0BA | 1BR,1BA | $1.85 |
| Hillside Apartments | Two Bedroom/Two Bath | 2BR,2BA | $1.94 |
| DM Communities - Rochester | 219 Studios | Studio ,1BA | $1.24 |
| The Colby | 1bd/1ba | 1BR,1BA | $1.66 |
| 1st Avenue Flats | Brady | 1BR,1BA | $2.11 |
| Meadow Park Apartments | One Bedroom | 1BR,1BA | $1.56 |
| Chester Estates | 1BR/1.0BA | 1BR,1BA | $1.88 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Rochester
What type of rentals are currently available in Downtown Rochester?
There are currently 112 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $745 to $7,742. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $790 to $3,500.
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 $790 to $3,500 with an average monthly rent of $1,627.
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 $1,200 to $5,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,675 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,825 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.
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.
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.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.