Cheap Homes for Rent in Rochester, MN from $700 (24 Rentals)

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

property at 1223 2nd St NE

$700 - $800

Total Monthly Price4 Month Lease Term

Total Monthly Price

Base Rent
$700 - $800

Total Monthly Price
$700 - $800

1 Bedroom, 1 Bath Home for Rent

Available Now

1223 2nd St NE

RochesterMN55906
property at 28 6th Ave SE

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Townhome for Rent

Available Now

28 6th Ave SE

RochesterMN55904
property at 2604 4th Ave NE

$1,060

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,060

Total Monthly Price
$1,060

2 Bedroom, 1 Bath Condo for Rent

Available Now

2604 4th Ave NE

RochesterMN55906
property at 2120 Valleyhigh Dr NW

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

2120 Valleyhigh Dr NW, Unit C108

2120 Valleyhigh Dr NW
RochesterMN55901
property at 3607 10th Ln NW

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Now

3607 10th Ln NW

RochesterMN55901
property at 2106 Valleyhigh Dr NW

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

2106 Valleyhigh Dr NW, Unit 208

2106 Valleyhigh Dr NW
RochesterMN55901
property at 1513 2nd St NE

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Home for Rent

Available Now

1513 2nd St NE

RochesterMN55906

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.

property at 410 6th Ave SW

$1,150 - $1,450

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,450

Total Monthly Price
$1,150 - $1,450

1 To 2 Bedroom Condos for Rent

Available Now

410 6th Ave SW

RochesterMN55902
property at 1872 Deerhaven Ln NE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Aug 10

1872 Deerhaven Ln NE

RochesterMN55906
property at 2120 Valleyhigh Dr NW

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

2120 Valleyhigh Dr NW

RochesterMN55901
property at 1126 7th Ave SE

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Jul 15

1126 7th Ave SE

RochesterMN55904
property at 2094 11th Ave SE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

2094 11th Ave SE

RochesterMN55904
property at 819 6th Ave SE

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jul 24

819 6th Ave SE

RochesterMN55904
property at 1915 Deerhaven Ln NE

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

2 Bedroom, 1 Bath Condo for Rent

Available Aug 10

1915 Deerhaven Ln NE

RochesterMN55906
property at 1732 2nd Ave SE

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Home for Rent

Available Now

1732 2nd Ave SE

RochesterMN55904

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.

property at 2959 Monroe Dr NW

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1.5 Bath Home for Rent

Available Jun 23

2959 Monroe Dr NW

RochesterMN55901
property at 1728 1st St SW

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Aug 21

1728 1st St SW

RochesterMN55902
property at 220 Broadway Ave S

$1,485

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,485

Total Monthly Price
$1,485

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

220 Broadway Ave S, Unit Indigo 1115

220 Broadway Ave S
RochesterMN55904
property at 1909 5th St SW

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Now

1909 5th St SW

RochesterMN55902
property at 728 1st Ave SW

$1,495

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Condo for Rent

Available Now

728 1st Ave SW, Unit 401

728 1st Ave SW
RochesterMN55902
property at 4214 13th Ave NW

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Home for Rent

Available Now

4214 13th Ave NW

RochesterMN55901
property at 6134 S Pointe Dr SW

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1.5 Bath Home for Rent

Available Jul 6

6134 S Pointe Dr SW

RochesterMN55902

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

Cheapest Neighborhoods for Apartments in Rochester, MN

Pricing Updated: 06/12/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Historic Southwest$1,850$875204
Uptown Rochester$1,895$87531
Northwest Rochester$1,901$945124
Kutzky Park$2,195$875191
East Rochester$2,200$875240
Meadow Park$2,314$875192
Forest Knoll Heritage$2,492$1,41711
Mayo Clinic$2,495$875197
Downtown Rochester$3,295$875148
North Rochester$4,348$875383

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 ListingModel NameBed/BathPriced From
Hillside ApartmentsStudioStudio,1BA$900
Zick ApartmentsStudioStudio,1BA$945
Essex PlaceOne Bedroom - Finch1BR,1BA$945
Meadow Park ApartmentsClassic One Bedroom1BR,1BA$945
Flats at Uptown1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Oliver2 Bed2BR,2BA$1.06
The Brittany's Apartments and Townhomes3 BD/ 1.5BA2BR,1.5BA$1.11
River Glen3 x 23BR,2BA$1.19
Georgetowne Homes3 Bedroom3BR,2BA$1.19
Dakota TownhomesThree Bedroom3BR,1.5BA$1.22
1st Avenue Flats2 Bedroom2BR,2BA$1.32
The Quarters2 Bedroom2BR,2BA$1.40
2520 28th St SE, Unit 22520 28th St SE2BR,1BA$1.27
Olympik Village ApartmentsAres2BR,1BA$1.34
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,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 Article
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Real 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 Article
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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.