Cheap Homes for Rent in Downtown Rochester Neighborhood of Rochester, MN from $1,000 (6 Rentals)

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

property at 111 8th Ave SE

$1,085

Total Monthly Price

Total Monthly Price

Base Rent
$1,085

Total Monthly Price
$1,085

2 Bedroom, 1 Bath Townhome for Rent

Available Now

111 8th Ave SE

RochesterMN55904
property at 207 5th Ave SW

$1,445 - $1,900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,445

Total Monthly Price
$1,445

1 To 3 Bedroom Rentals

Available Now

207 5th Ave 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.

property at 1807 3rd St SW

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Mar 15, 2026

1807 3rd St SW

RochesterMN55902
property at 617 12th St SE

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Home for Rent

Available Jan 15, 2026

617 12th St SE

RochesterMN55904
property at 728 1st Ave SW

$1,595

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Condo for Rent

Available Now

728 1st Ave SW, Unit 401

728 1st 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.

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 Hillside Apartments priced from $900. Meadow Park Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,045. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:

Apartment ListingModel NameBed/BathPriced From
Hillside ApartmentsStudioStudio,1BA$900
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1,045
Med City ApartmentsStudioStudio,1BA$1,125

Best Value Apartments for Rent in Downtown Rochester, MN

As of December 28, 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 B2R Model at Quarry Ridge Apartments starting at $1,675 with a $1.59 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 ApartmentsB2R2BR,2BA$1.59
Richard Apartments1 Bedroom 1 Bath + Den1BR,1BA$1.86
1309 3rd Ave SW, Unit 41309 3rd Ave SW2BR,1BA$1.11
318 Commons2BR/1.0BA2BR,1BA$1.87
Maria Apartments1BR/1.0BA1BR,1BA$1.83
1st Avenue Flats1 Bedroom1BR,1BA$1.86
The IdaFurnished 1B1B1BR,1BA$1.85
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.81
Hillside ApartmentsStudioStudio ,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.

Read Article
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The 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.

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Cash 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 Article
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Quick Rent Budget Calculator

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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 #8

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 126 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $650 to $3,700. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,085 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 $1,085 to $3,500 with an average monthly rent of $1,896.

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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!