
Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $700 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.


Total Monthly Price
1143 1st St NW, Unit 206

Lobb Field Apartments

Zick Apartments

Hillside Apartments

Total Monthly Price
101 Center E St, Unit 302

Total Monthly Price
1600 Marion Rd SE, Unit 10

223 8th Ave SE

Total Monthly Price
17 15th Ave SE, Unit 1

Total Monthly Price
1309 3rd Ave SW, Unit 3
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.

1017 21st St SE

2nd St Flats

1017 21st St SE

Meadow Park Apartments

423 4th Ave SE

Total Monthly Price
Civic Square Apartments

Bryk on Broadway

Homestead Village Townhomes

Med City Apartments

1-8 1/2 2nd St SE
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.

5th on 5th Apartments

EastGate Apartments

Total Monthly Price
The Ida

The Manor at Med City

Berkshire Village

The Gryff Apartments

Silver Lake Crossing

Maria Apartments

Residence at Discovery Square

318 Commons
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.

The HUE

620 2nd Ave NW

1911 Viking Dr NW

Avani Living

The Riverview

TwentyFirst Ave

Nicholas Apartments

916 1st St SE

501 on First

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The Park in Kutzky Neighborhood
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.

725 7th Ave SE

1348 4th Ave SW

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1225 8th Ave NW, Unit 1

1346 4th Ave SW

Total Monthly Price
1910 Valleyhigh Dr NW, Unit 1910

917 N Broadway Ave

Red44 Luxury Apartments

Richard Apartments

First & Banks

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Metropolitan Market Place
Navigating 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.
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 | $1,478 | $845 | $2,000 |
| Historic Southwest 1 Bedroom Apartments | $1,693 | $840 | $2,705 |
| Historic Southwest 2 Bedroom Apartments | $2,156 | $920 | $4,000 |
| Historic Southwest 3 Bedroom Apartments | $2,159 | $1,150 | $3,875 |
Browse Apartments in this Neighborhood
There are currently 79 rentals with your search options within a 2 mile radius of the Historic Southwest Neighborhood of Rochester, MN.
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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 The Graham priced from $775. The Beacon 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 |
|---|---|---|---|
| The Graham | Studio w/ Utilities & Wifi Included | Studio,1BA | $775 |
| The Beacon | Studio | Studio,1BA | $900 |
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Chester Estates | 2BR/1.0BA | 2BR,1BA | $935 |
| 2nd St Flats | 1BR/1.0BA | 1BR,1BA | $950 |
| 1017 21st St SE | 2 beds 1 bath | 2BR,1BA | $950 |
| Meadow Park Apartments | Modern One Bedroom | 1BR,1BA | $1,045 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Historic Southwest, MN
As of January 21, 2026 the best value apartment in the Historic Southwest 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 Historic Southwest apartment is the Excelsior Model at Crystal Bay Townhomes starting at $1,820 with a $1.23 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. |
|---|---|---|---|
| Broadway Plaza - Mayo Clinic | 2BR | 2BR,2.5BA | $1.07 |
| Crystal Bay Townhomes | Excelsior | 3BR,2BA | $1.23 |
| Cascade Shores Townhomes + Flats | C2R | 3BR,2BA | $1.42 |
| 1225 8th Ave NW, Unit 1 | 1225 8th Ave NW | 3BR,1BA | $1.17 |
| 1910 Valleyhigh Dr NW, Unit 1910 | 1910 Valleyhigh Dr NW | 2BR,1BA | $1.27 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| Chester Estates | 2BR/1.0BA | 2BR,1BA | $1.17 |
| 1309 3rd Ave SW, Unit 3 | 1309 3rd Ave SW | 2BR,1BA | $1.18 |
| 1017 21st St SE | 2 beds 1 bath | 2BR,1BA | $1.27 |
| 1143 1st St NW, Unit 206 | 1143 1st St NW | 1BR,1BA | $1.18 |
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 $1,125.
What is the price of a cheap apartment in Historic Southwest?
The cheapest apartment in Historic Southwest is 2nd St Flats which is listed at $950, while the average apartment in Historic Southwest costs $2,000.
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 17 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 $243 which is $1,757 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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!