
Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $700 (94 Rentals)
Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.


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Hillside Apartments

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The Graham

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1600 Marion Rd SE, Unit 10

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Sutton Place

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Zick Apartments

313 7th Ave SE

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1243 4th Ave SW, Unit 1

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1015 3rd Ave SE, Unit 3

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Furlow Apartments
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The Colby

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Meadow Park Apartments

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Civic Square Apartments

322 6th St SE

358 Elton Hills Dr NW, Unit 23

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Homestead Village Townhomes

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Andrew Apartments

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George Apartments

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EastGate Apartments

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Bryk on Broadway
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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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West Willow

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325 Broadway Ave S, Unit 2

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The Ida

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Med City Apartments

2016-8 1/2 8 1/2 St SE

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Silver Lake Crossing

519 E Center St

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1115 9 1/2 Ave SE, Unit 2

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1238 Center St W, Unit #3

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Residence at Discovery Square
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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5th on 5th Apartments

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The HUE

804 4th St SW

319-323 Broadway Ave S

1929 3rd Ave NE, Unit #2

Restoration Glen

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Berkshire Village

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TwentyFirst Ave

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The Riverview

517 5th Ave SE
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.

319 14th St SW

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The Gryff Apartments

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Woodridge on Second

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The Manor at Med City

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Nicholas Apartments

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Richard Apartments

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501 on First

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The Quarters

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864 9th Ave SE

410 6th Ave SW, Unit C3
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Historic Southwest, Rochester, MN Local Guide

How much does it cost to rent an apartment in Historic Southwest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Historic Southwest Studio Apartments | $1,422 | $900 | $1,975 |
| Historic Southwest 1 Bedroom Apartments | $1,592 | $925 | $2,795 |
| Historic Southwest 2 Bedroom Apartments | $2,018 | $995 | $4,259 |
| Historic Southwest 3 Bedroom Apartments | $2,514 | $1,250 | $4,205 |
| Historic Southwest 4 Bedroom Apartments | $1,406 | $1,395 | $1,495 |
Browse Apartments in this Neighborhood
There are currently 94 rentals with your search options within a 2 mile radius of the Historic Southwest Neighborhood of Rochester, MN.
See all Apartments in RochesterExplore Rochester
Historic Southwest, Rochester, MN Local Guide
- Nearby Rochester neighborhoods
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Cheapest Available Historic Southwest Apartments for Rent
 The cheapest available apartment rental in the Historic Southwest area of Rochester, MN is a Studio unit found at 857 1st St SW priced from $700. 512 3rd Ave SW has the second lowest priced unit, which is a Studio apartment currently listed from $775. Here are the most affordable Historic Southwest apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 857 1st St SW | 0BR/1.0BA | Studio,1BA | $700 |
| 512 3rd Ave SW | 0BR/1.0BA | Studio,1BA | $775 |
| The Graham | Studio w/ Utilities & Wifi Included | Studio,1BA | $925 |
| Sutton Place | 1 bed 1 bath | 1BR,1BA | $925 |
| 109 16th St NE | 2BR/1.0BA | 2BR,1BA | $950 |
| Furlow Apartments | Studio | Studio,1BA | $1,020 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $1,045 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Historic Southwest, MN
As of September 16, 2026 the best value apartment in the Historic Southwest area is the $1.15 price per square foot 2416 5th St SW Model at 2416 5th St SW, Unit B in the in the Historic Southwest neighborhood starting from $1,845. The second greatest value Historic Southwest apartment is the Excelsior Model at Crystal Bay Townhomes starting at $2,050 with a $1.38 price per square foot in the Historic Southwest neighborhood. Here is today’s list of the best values for Historic Southwest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2416 5th St SW, Unit B | 2416 5th St SW | 3BR,2BA | $1.15 |
| Crystal Bay Townhomes | Excelsior | 3BR,2BA | $1.38 |
| 864 9th Ave SE | 864 9th Ave SE | 2BR,1BA | $1.07 |
| The Quarters | 4 Bedroom A | 4BR,2BA | $1.13 |
| 1913 3rd Ave NE, Unit A | 1913 3rd Ave NE | 3BR,1.5BA | $1.55 |
| EastGate Apartments | B1-60 | 2BR,2BA | $1.46 |
| West Willow | Two Bedroom | 2BR,1BA | $1.44 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $1.42 |
| Sutton Place | 1 bed 1 bath | 1BR,1BA | $1.41 |
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 ArticleNavigating 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.
Read ArticleReal 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.
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.
Pet Friendly LifestyleHistoric Southwest, Rochester, MN
Ranked #3
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Historic Southwest Apartments
What is the Cheapest Studio apartment in Historic Southwest?
Currently the most affordable Cheap Studio Apartment in Historic Southwest is at 857 1st St SW listed at $700.
How much is rent for a Cheap One Bedroom Historic Southwest Apartment?
The lowest price for a Cheap One Bedroom Historic Southwest Apartment is $925 at Sutton Place.
What is the lowest price for a Cheap Two Bedroom Historic Southwest Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Historic Southwest is starting from $950 at 109 16th St NE.
What is the most affordable Historic Southwest Three Bedroom Apartment?
The best deal on a cheap Historic Southwest Three Bedroom Apartment rental is at The Manor at Med City and starts from $1,615.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.