
Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $700 (92 Rentals)
Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.


504 E Center St

1620-8 1/2 8 1/2 St SE

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101 Center E St, Unit 416, Unit 416

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Zick Apartments

Hillside Apartments

818 W Center St

1301 1st St SW, Unit 203

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Meadow Park Apartments

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1600 Marion Rd SE, Unit 10, Unit 10
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.

Eastwood Manor

212 7th St NW

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301 6th St NW, Unit Nice 1 bedroom apartment, Unit Nice 1 bedroom apartment

1348 5th Ave SE

223 8th Ave SE

2020-2022 Eastwood Rd SE

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1653 4th St SE, Unit 7, Unit 7

229 19th Ave SW

The Beacon

Lobb Field Apartments
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.

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The Ida

Furlow Apartments

Berkshire Village

423 4th Ave SE

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Civic Square Apartments

Bryk on Broadway

1340 4th Ave SW

Homestead Village Townhomes

Med City Apartments

EastGate Apartments
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.

2120 Valleyhigh Dr NW, Unit C202, Unit C202

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864 9th Ave SE, Unit 1, Unit 1

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Quarry Ridge Apartments

Silver Lake Crossing

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

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Residence at Discovery Square

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5th on 5th Apartments

The Gryff Apartments

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The Riverview

Avani Living
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Nicholas Apartments

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607 5th Ave SE, Unit Unit 1, Unit Unit 1

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The Manor at Med City

Richard Apartments

501 on First

917 N Broadway Ave

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521 19th St NW, Unit 18, Unit 18

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Metropolitan Market Place

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Uptown Apartments

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Flats on 4th
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.
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 | $1,470 | $875 | $1,945 |
| Historic Southwest 1 Bedroom Apartments | $1,710 | $760 | $2,705 |
| Historic Southwest 2 Bedroom Apartments | $2,082 | $850 | $4,000 |
| Historic Southwest 3 Bedroom Apartments | $2,471 | $1,020 | $5,388 |
| Historic Southwest 4 Bedroom Apartments | $2,343 | $1,950 | $2,548 |
Browse Apartments in this Neighborhood
There are currently 92 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Historic Southwest Apartments for Rent
 The cheapest available apartment rental in the Historic Southwest 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 Historic Southwest 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 | Classic Two Bedrooom | 2BR,1BA | $970 |
| The Beacon | Studio | Studio,1BA | $995 |
| Bryk on Broadway | Studio - Type 1 - 50% | Studio,1BA | $1,100 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
| Berkshire Village | 2 Bedroom Standard | 2BR,1BA | $1,325 |
| The Manor at Med City | 1 Bedroom - Deluxe | 1BR,1BA | $1,360 |
Best Value Apartments for Rent in Historic Southwest, MN
As of April 28, 2026 the best value apartment in the Historic Southwest area is the $1.48 price per square foot Two Bedroom B Model at Avani Living in the in the Meadow Park neighborhood starting from $1,696. The second greatest value Historic Southwest apartment is the B1R Model at Woodridge on Second starting at $1,656 with a $1.58 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. |
|---|---|---|---|
| Avani Living | Two Bedroom B | 2BR,2BA | $1.48 |
| Woodridge on Second | B1R | 2BR,2BA | $1.58 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.48 |
| The Quarters | 2 Bedroom | 2BR,1BA | $1.55 |
| 521 19th St NW, Unit 18 | 521 19th St NW | 2BR,1BA | $1.56 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Berkshire Village | 2 Bedroom Standard | 2BR,1BA | $1.66 |
| Lobb Field Apartments | A | 2BR,1BA | $1.42 |
| Zick Apartments | 1BR Basement | 1BR,1BA | $1.43 |
| DM Communities - Rochester | 620-307 | 1BR,1BA | $1.66 |
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 ArticleDon'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.
Pet Friendly LifestyleHistoric Southwest, Rochester, MN
Ranked #5
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 a cheap apartment in Historic Southwest?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Historic Southwest is under $1,360.
What is the price of a cheap apartment in Historic Southwest?
The cheapest apartment in Historic Southwest is Zick Apartments which is listed at $895, while the average apartment in Historic Southwest costs $2,425.
What types of apartments are the cheapest in Historic Southwest?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 16 regular apartments in Historic Southwest that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Historic Southwest?
Cheap apartments in Historic Southwest have an average cost of $326 which is $2,099 cheaper than the average rent for all rentals in Historic Southwest.
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.