Cheap Homes for Rent in Rochester, MN from $700 (22 Rentals)

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Search the lowest-cost Homes available for rent right now in Rochester.

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Rochester, MN Local Guide

Cheapest Neighborhoods for Apartments in Rochester, MN

Pricing Updated: 06/22/2025

Current apartment rentals in the Rochester, MN area range in price from $700 to $9,352 with an overall median price of $2,354. The three Rochester neighborhoods with the lowest median rent pricing are Downtown Rochester at $700, Historic Southwest at $700, and Kutzky Park at $700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Rochester Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Rochester$1,965$70082
Historic Southwest$2,002$700148
Kutzky Park$2,042$700146
Mayo Clinic$2,042$700129
Uptown Rochester$2,042$70032
East Rochester$2,062$700201
Meadow Park$2,139$700127
Forest Knoll Heritage$2,291$1,44514
Northwest Rochester$2,425$905292
North Rochester$4,537$700493

Cheapest Available Rochester Apartments for Rent

 

The cheapest available apartment rental in Rochester, MN is a 1 Bed unit found at DM Communities - Rochester in the Meadow Park neighborhood priced from $795. Meadow Park Apartments in the Meadow Park neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Rochester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 One-Bedrooms1BR,1BA$795
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$800
Chester Estates1BR/1.0BA1BR,1BA$895
The Gates of RochesterCarlyle1BR,1BA$905
The Colby1bd/1ba1BR,1BA$945

Best Value Apartments for Rent in Rochester, MN

As of June 22, 2025 the best value apartment in the Rochester 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 Rochester apartment is the 3 Bedroom Model at Georgetowne Homes starting at $1,600 with a $1.18 price per square foot in the Northwest Rochester neighborhood. Here is today’s list of the best values for Rochester apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Georgetowne Homes3 Bedroom3BR,2BA$1.18
The Riverview3bed/2bathroom3BR,2BA$1.27
702 9th St SE, Unit 3702 9th St SE2BR,1BA$1.05
Heritage Manor ApartmentsSunflower2BR,1BA$1.14
Olympik Village ApartmentsAres2BR,1BA$1.17
2210 18 1/2 Ave NW, Unit 12210 18 1/2 Ave NW2BR,1BA$1.06
DM Communities - Rochester219 One-Bedrooms1BR,1BA$0.99
The Gates of RochesterCarlyle1BR,1BA$1.27
504 7th St SW, Unit 4504 7th St SWStudio ,1BA$1.23

Quick 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.

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Frequently Asked Questions about Rochester

What type of rentals are currently available in Rochester?

There are currently 255 Apartments for Rent in Rochester, MN with pricing that ranges from $700 to $9,352. There are also 120 Single Family Homes for rent, Condos, and Townhome rentals currently available in Rochester ranging from $750 to $4,500.

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 $750 to $4,500 with an average monthly rent of $2,275.

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 $1,000 to $9,352, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $3,225. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $1,395.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.