
Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $700 (100 Rentals)
Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.


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504 7th St SW, Unit 3

818 W Center St

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101 Center E St, Unit 416

Hillside Apartments

320 5th St SE

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1600 Marion Rd SE, Unit 10

Eastwood Manor

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The Graham

212 7th St NW
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.

504 E Center St

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301 6th St NW, Unit 3

723 E Center St

226 11th St SE

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The Ida

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Meadow Park Apartments

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Andrew Apartments

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Civic Square Apartments

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The Colby

2120 Valleyhigh Dr NW, Unit C108
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.

2106 Valleyhigh Dr NW, Unit 208

428 9th Ave SE

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812 1st St NW, Unit 2

716 N Broadway Ave

1348 5th Ave SE

Homestead Village Townhomes

410 6th Ave SW

23 8th St NW

EastGate Apartments

Bryk on Broadway
Cash 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.

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864 9th Ave SE

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1358 10th Ave SE, Unit 3

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836 11th St SW, Unit #2

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Med City Apartments

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Zick Apartments

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George Apartments

802 2nd St NW

322 6th St SE

1902-8 1/2 8 1/2 St SE

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Silver Lake Crossing
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.

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

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5th on 5th Apartments

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Furlow Apartments

The HUE

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Residence at Discovery Square

Berkshire Village

104 21st St SW

TwentyFirst Ave

The Gryff Apartments

319 14th St SW
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.
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 | $1,484 | $760 | $1,945 |
| Historic Southwest 1 Bedroom Apartments | $1,655 | $875 | $2,705 |
| Historic Southwest 2 Bedroom Apartments | $2,104 | $900 | $3,695 |
| Historic Southwest 3 Bedroom Apartments | $2,446 | $1,100 | $3,887 |
| Historic Southwest 4 Bedroom Apartments | $1,616 | $1,575 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 100 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. Flats at Uptown has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. 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 |
| Flats at Uptown | 1BR/1.0BA | 1BR,1BA | $950 |
| Andrew Apartments | 1BR/1BA | 1BR,1BA | $1,079 |
| Center Stone Apartments | 1 Bedroom Furnished Apartment | 1BR,1BA | $1,100 |
| Meadow Park Apartments | Classic Two Bedrooom | 2BR,1BA | $1,125 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1,125 |
| The Colby | 1bd/1ba | 1BR,1BA | $1,125 |
| The Ida | Unfurnished 1B1B | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in Historic Southwest, MN
As of June 23, 2026 the best value apartment in the Historic Southwest area is the $1.65 price per square foot Terzina Model at The Berkman in the in the Meadow Park neighborhood starting from $3,884. The second greatest value Historic Southwest apartment is the 4BR/2.5BA Model at 318 Commons starting at $1,950 with a $1.50 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. |
|---|---|---|---|
| The Berkman | Terzina | 3BR,2BA | $1.65 |
| 318 Commons | 4BR/2.5BA | 4BR,2.5BA | $1.50 |
| The Quarters | 4 Bedroom A | 4BR,2BA | $1.27 |
| Cascade Shores Townhomes + Flats | B1R | 2BR,1BA | $1.53 |
| Avani Living | Two Bedroom A | 2BR,2BA | $1.65 |
| Quarry Ridge Apartments | B2R | 2BR,2BA | $1.64 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.32 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
| 1358 10th Ave SE, Unit Unit 3 | 1358 10th Ave SE | 2BR,1BA | $1.50 |
| 504 7th St SW, Unit 3 | 504 7th St SW | Studio ,1BA | $1.32 |
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 #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 Hillside Apartments listed at $900.
How much is rent for a Cheap One Bedroom Historic Southwest Apartment?
The lowest price for a Cheap One Bedroom Historic Southwest Apartment is $950 at Flats at Uptown.
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 $1,125 at Homestead Village Townhomes.
What is the most affordable Historic Southwest Three Bedroom Apartment?
The best deal on a cheap Historic Southwest Three Bedroom Apartment rental is at Homestead Village Townhomes and starts from $1,325.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.