Cheap Homes for Rent in Downtown Rochester Neighborhood of Rochester, MN from $1,200 (5 Rentals)

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

property at 410 6th Ave SW

410 6th Ave SW, Unit C3

410 6th 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 1910 Center St W

1910 Center St W

RochesterMN55902
property at 921 11th St SE

921 11th St SE

RochesterMN55904

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 1 Bed unit found at DM Communities - Rochester priced from $795. The Colby has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Downtown Rochester apartments for rent in Rochester, MN:

Apartment ListingModel NameBed/BathPriced From
DM Communities - RochesterFull Studio1BR,1BA$795
The Colby1bd/1ba1BR,1BA$825
Zick ApartmentsStudioStudio,1BA$845

Best Value Apartments for Rent in Downtown Rochester, MN

As of September 13, 2025 the best value apartment in the Downtown Rochester area is the $1.14 price per square foot 4 Beds, 2 baths Model at 1420 3rd Ave SW in the in the Meadow Park neighborhood starting from $2,400. The second greatest value Downtown Rochester apartment is the 2BR Model at Broadway Plaza - Mayo Clinic starting at $1,700 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1420 3rd Ave SW4 Beds, 2 baths4BR,2BA$1.14
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
The Riverview3bed/2bathroom3BR,2BA$1.27
1144 Center St W, Unit #11144 Center St W2BR,1BA$1.25
Lobb Field ApartmentsE1BR,1BA$1.46
DM Communities - RochesterFull StudioStudio ,1BA$1.33
The Colby1bd/1ba1BR,1BA$1.38
Meadow Park ApartmentsModern One Bedroom1BR,1BA$1.77
915 4th St SE, Unit 2915 4th St SE2BR,1BA$1.80
Zick ApartmentsStudioStudio ,1BA$1.69

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Rochester, Rochester, MN

Ranked #7

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
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 125 Apartments for Rent in Downtown Rochester, MN with pricing that ranges from $750 to $4,045. There are also 21 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Rochester ranging from $1,200 to $2,550.

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 $1,200 to $2,550 with an average monthly rent of $1,783.

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 $995 to $3,660, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,400 to $2,550. Four Bedroom Single-Family rentals are also available starting from $1,850 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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.