
Cheap Homes for Rent in Rochester, MN from $700 (24 Rentals)
Search the lowest-cost Homes available for rent right now in Rochester.


28 6th Ave SE

2604 4th Ave NE

2120 Valleyhigh Dr NW, Unit C108

3607 10th Ln NW

2106 Valleyhigh Dr NW, Unit 208

4904 Opal Ln NW

1513 2nd St NE
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.

410 6th Ave SW

1872 Deerhaven Ln NE

2120 Valleyhigh Dr NW

1126 7th Ave SE

2094 11th Ave SE

819 6th Ave SE

1915 Deerhaven Ln NE

1732 2nd Ave SE
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.

2020 Lark Ln NW

2959 Monroe Dr NW

1728 1st St SW

220 Broadway Ave S, Unit Indigo 1115

1909 5th St SW

728 1st Ave SW, Unit 401

4214 13th Ave NW

6134 S Pointe Dr SW
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.
Rochester, MN Local Guide

How much does it cost to rent a home in Rochester?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Rochester 2 Bedroom Homes for Rent | $1,536 | $1,060 | $2,650 |
| Rochester 3 Bedroom Homes for Rent | $2,066 | $1,449 | $2,995 |
| Rochester 4 Bedroom Homes for Rent | $2,599 | $1,100 | $4,900 |
| Rochester 5 Bedroom Homes for Rent | $3,142 | $2,600 | $3,900 |
Browse Top Homes for Rent in Rochester
Explore Rochester
Rochester, MN Local Guide
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Cheapest Neighborhoods for Apartments in Rochester, MN
Pricing Updated: 06/12/2026Current apartment rentals in the Rochester, MN area range in price from $875 to $4,348 with an overall median price of $2,498. The three Rochester neighborhoods with the lowest median rent pricing are Historic Southwest at $875, Uptown Rochester at $875, and Northwest Rochester at $945. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Rochester Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Historic Southwest | $1,850 | $875 | 204 |
| Uptown Rochester | $1,895 | $875 | 31 |
| Northwest Rochester | $1,901 | $945 | 124 |
| Kutzky Park | $2,195 | $875 | 191 |
| East Rochester | $2,200 | $875 | 240 |
| Meadow Park | $2,314 | $875 | 192 |
| Forest Knoll Heritage | $2,492 | $1,417 | 11 |
| Mayo Clinic | $2,495 | $875 | 197 |
| Downtown Rochester | $3,295 | $875 | 148 |
| North Rochester | $4,348 | $875 | 383 |
Cheapest Available Rochester Apartments for Rent
 The cheapest available apartment rental in Rochester, MN is a Studio unit found at Hillside Apartments in the Meadow Park neighborhood priced from $900. Zick Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $945. Here is today’s list of the most affordable Rochester apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hillside Apartments | Studio | Studio,1BA | $900 |
| Zick Apartments | Studio | Studio,1BA | $945 |
| Essex Place | One Bedroom - Finch | 1BR,1BA | $945 |
| Meadow Park Apartments | Classic One Bedroom | 1BR,1BA | $945 |
| Flats at Uptown | 1BR/1.0BA | 1BR,1BA | $950 |
Best Value Apartments for Rent in Rochester, MN
As of June 13, 2026 the best value apartment in the Rochester area is the $1.06 price per square foot 2 Bed Model at The Oliver in the in the Meadow Park neighborhood starting from $1,895. The second greatest value Rochester apartment is the 3 BD/ 1.5BA Model at The Brittany's Apartments and Townhomes starting at $1,850 with a $1.11 price per square foot in the Kutzky Park neighborhood. Here is today’s list of the best values for Rochester apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Oliver | 2 Bed | 2BR,2BA | $1.06 |
| The Brittany's Apartments and Townhomes | 3 BD/ 1.5BA | 2BR,1.5BA | $1.11 |
| River Glen | 3 x 2 | 3BR,2BA | $1.19 |
| Georgetowne Homes | 3 Bedroom | 3BR,2BA | $1.19 |
| Dakota Townhomes | Three Bedroom | 3BR,1.5BA | $1.22 |
| 1st Avenue Flats | 2 Bedroom | 2BR,2BA | $1.32 |
| The Quarters | 2 Bedroom | 2BR,2BA | $1.40 |
| 2520 28th St SE, Unit 2 | 2520 28th St SE | 2BR,1BA | $1.27 |
| Olympik Village Apartments | Ares | 2BR,1BA | $1.34 |
| Homestead Village Townhomes | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.36 |
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.
Best Local Schools in Rochester, MN
Lincoln K-8 District-Wide School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Rochester, MN Rentals by Map
See the most popular apartments and homes in Rochester, MN
Frequently Asked Questions about Rochester
What type of rentals are currently available in Rochester?
There are currently 300 Apartments for Rent in Rochester, MN with pricing that ranges from $875 to $4,348. There are also 102 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rochester ranging from $700 to $4,900.
What is the current price range for Rental Homes in Rochester?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Rochester ranges from $700 to $4,900 with an average monthly rent of $2,089.
How much are larger Three and Four Bedroom Rentals in Rochester?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Rochester range from $1,020 to $4,034, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,449 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,100 and Four Bedroom Apartments start at $1,495.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.