
Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $800 (101 Rentals)
Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.


Eastwood Manor Apartments

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101 Center E St, Unit 416

Hillside Apartments

15 12th Ave NW, Unit 3

Sutton Place

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1600 Marion Rd SE, Unit 10

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Zick Apartments

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Meadow Park Apartments

The Beacon
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

723 E Center St

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Furlow Apartments

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Berkshire Village

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The Colby

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Civic Square Apartments

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812 1st St NW, Unit 2

EastGate Apartments

1348 5th Ave SE

Homestead Village Townhomes

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Andrew Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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George Apartments

23 8th St NW

Bryk on Broadway

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The Ida

712 10th Ave SE

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West Willow

802 2nd St NW

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Residence at Discovery Square

1807 Greenfield Ln SW, Unit 1

322 6th St SE
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.

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

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Silver Lake Crossing

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5th on 5th Apartments

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1131 7th Ave SW

521 19th St NW, Unit 31

The HUE

104 21st St SW

TwentyFirst Ave

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The Riverview

319 14th St SW
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.

The Gryff Apartments

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The Manor at Med City

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Nicholas Apartments

Richard Apartments

501 on First

410 6th Ave SW, Unit M5

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Woodridge on Second

917 N Broadway Ave

1929 3rd Ave NE, Unit #2

1910 Center St W
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.
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 | $1,450 | $900 | $1,975 |
| Historic Southwest 1 Bedroom Apartments | $1,629 | $825 | $2,705 |
| Historic Southwest 2 Bedroom Apartments | $2,084 | $1,000 | $3,600 |
| Historic Southwest 3 Bedroom Apartments | $2,567 | $1,175 | $4,256 |
| Historic Southwest 4 Bedroom Apartments | $1,560 | $1,495 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 101 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 Hillside Apartments priced from $900. Chester Estates has the second lowest priced unit, which is a 2 Beds apartment currently listed from $985. Here are the most affordable Historic Southwest apartments for rent in Rochester, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Chester Estates | 2 Bed | 2BR,1BA | $985 |
| Meadow Park Apartments | Modern Two Bedroom | 2BR,1BA | $995 |
| The Beacon | Studio | Studio,1BA | $995 |
| EastGate Apartments | A1-60 | 1BR,1BA | $1,095 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,095 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| Zick Apartments | 2BR/1BA | 2BR,2BA | $1,170 |
| Furlow Apartments | One Bed | 1BR,1BA | $1,170 |
Best Value Apartments for Rent in Historic Southwest, MN
As of July 30, 2026 the best value apartment in the Historic Southwest area is the $1.14 price per square foot 864 9th Ave SE Model at 864 9th Ave SE in the in the Meadow Park neighborhood starting from $1,595. The second greatest value Historic Southwest apartment is the 1131 7th Ave SW Model at 1131 7th Ave SW starting at $1,295 with a $1.00 price per square foot in the Meadow Park 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. |
|---|---|---|---|
| 864 9th Ave SE | 864 9th Ave SE | 2BR,1BA | $1.14 |
| 1131 7th Ave SW | 1131 7th Ave SW | 2BR,1BA | $1.00 |
| Crystal Bay Townhomes | Lafayette | 2BR,1.5BA | $1.45 |
| Woodridge on Second | B1R | 2BR,2BA | $1.59 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.32 |
| 812 1st St NW, Unit 2 | 812 1st St NW | 2BR,1BA | $1.22 |
| West Willow | Two Bedroom | 2BR,1BA | $1.47 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Chester Estates | 2 Bed | 2BR,1BA | $1.23 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $1.51 |
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 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 #4
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 $1,170.
What is the price of a cheap apartment in Historic Southwest?
The cheapest apartment in Historic Southwest is The Colby which is listed at $1,095, while the average apartment in Historic Southwest costs $2,050.
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 11 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 $1,281 which is $769 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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.