Cheap Apartments for Rent in Rochester, MN from $500 (92 Rentals)

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

property at 1120 4th St SE

1120 4th St SE

RochesterMN55904
property at 19 12th St NW

19 12th St NW

RochesterMN55901
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The Ida
Rent Specials
from $1,1501 Bedroom Apartments Available Mar 17

The Ida

1226-1232 4th Ave SWRochester, MN 55902
Furnished
  • Verified
  • Utilities Inc.
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Rochester, MN Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Rochester, MN

Pricing Updated: 03/09/2025

Current apartment rentals in the Rochester, MN area range in price from $550 to $8,341 with an overall median price of $2,573. The three Rochester neighborhoods with the lowest median rent pricing are Historic Southwest at $550, Kutzky Park at $550, and Forest Knoll Heritage at $1,265. 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$1,987$5505627
Kutzky Park$1,997$5505558
Forest Knoll Heritage$2,058$1,2652952
Downtown Rochester$2,073$5502604
East Rochester$2,073$5507399
Mayo Clinic$2,073$5504966
Meadow Park$2,075$5504149
Uptown Rochester$2,300$5504313
North Rochester$4,550$55016092
Northwest Rochester$4,550$9378830

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 $845. The Gates of Rochester in the North Rochester neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $890. Here is today’s list of the most affordable Rochester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester2nd Street Villas Apartment1BR,1BA$845
The Gates of RochesterCarlyle1BR,1BA$890
Chester Estates1BR/1.0BA1BR,1BA$895
Olympik Village ApartmentsZeus1BR,1BA$900
Forte Living of Rochester: 55+ Community!Blue JayStudio,1BA$937
The Colby1bd/1ba1BR,1BA$945
Bryk on BroadwayStudio - Type 2 - 50%Studio,1BA$1,032

Best Value Apartments for Rent in Rochester, MN

As of March 09, 2025 the best value apartment in the Rochester area is the $1.02 price per square foot 3 BD/1.5BA Model at The Brittany's Apartments and Townhomes in the in the Kutzky Park neighborhood starting from $1,695. The second greatest value Rochester apartment is the 2BR Model at Broadway Plaza - Mayo Clinic starting at $1,700 with a $1.10 price per square foot in the Meadow 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 Brittany's Apartments and Townhomes3 BD/1.5BA2BR,1.5BA$1.02
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.10
Harvestview ApartmentsThree Bedroom3BR,2BA$1.18
Georgetowne Homes3 Bedroom3BR,2BA$1.18
864 9th Ave SE, Unit 1864 9th Ave SE1BR,1BA$1.08
DM Communities - Rochester2nd Street Villas Apartment1BR,1BA$0.85
1245 3rd Ave SW, Unit 21245 3rd Ave SW2BR,1BA$1.16
17 15th Ave SE, Unit 117 15th Ave SE2BR,1BA$1.12
The Gates of RochesterCarlyle1BR,1BA$1.25
Olympik Village ApartmentsZeus1BR,1BA$1.29

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Rochester Overview

The third largest city in all of Minnesota, apartments in Rochester have been rising in popularity for the better part of the last few decades. Located on the shores of the beautiful Silver Lake, this hub of industry and natural scenery is a fantastic place to hang your hat.

Why live in Rochester, MN?

Boasting a charmed quality of life and easy access to a growing and steady job market, apartments in Rochester are sure to fit the bill for many Minnesota residents. Offering all of the amenities of a large city (including numerous public parks and excellent schools), Rochester still manages to maintain a small town feel all its own.

Pet Friendly Lifestyle
Rochester, MN

Ranked #41

Among cities in Minnesota for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Rochester, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Rochester, MN Rentals by Map

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See the most popular apartments and homes in Rochester, MN

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Getting Around Rochester, MN

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

64 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Rochester Apartments

What is the Cheapest Studio apartment in Rochester?

Currently the most affordable Cheap Studio Apartment in Rochester is at Forte Living of Rochester: 55+ Community! listed at $937.

How much is rent for a Cheap One Bedroom Rochester Apartment?

The lowest price for a Cheap One Bedroom Rochester Apartment is $845 at DM Communities - Rochester.

What is the lowest price for a Cheap Two Bedroom Rochester Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Rochester is starting from $995 at Olympik Village Apartments.

What is the most affordable Rochester Three Bedroom Apartment?

The best deal on a cheap Rochester Three Bedroom Apartment rental is at Essex Place and starts from $1,154.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.