Cheap Apartments for Rent in Rochester, MN from $500 (87 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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Colonial Apartments
1 Bedroom Apartments

Colonial Apartments

417 27th St NERochester, MN 55906
  • Utilities Included
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The Square on 31st
Studio to 2 Bedroom Apartments

The Square on 31st

310-320 31st St NERochester, MN 55906
  • Utilities Included
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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: 03/26/2025

Current apartment rentals in the Rochester, MN area range in price from $680 to $9,647 with an overall median price of $2,643. The three Rochester neighborhoods with the lowest median rent pricing are Historic Southwest at $680, Kutzky Park at $680, 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$2,052$6805261
Kutzky Park$2,052$6805082
Forest Knoll Heritage$2,065$1,2652332
Mayo Clinic$2,068$6804691
East Rochester$2,082$6807361
Downtown Rochester$2,088$6802551
Meadow Park$2,150$6804517
Uptown Rochester$2,450$6803906
North Rochester$4,715$68015141
Northwest Rochester$4,715$9377941

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 $550. Heritage Manor Apartments in the Kutzky Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $855. Here is today’s list of the most affordable Rochester apartments for rent:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 Apartments1BR,1BA$550
Heritage Manor ApartmentsDaisyStudio,1BA$855
Olympik Village ApartmentsZeus1BR,1BA$859
Hillside ApartmentsStudioStudio,1BA$860
The Colby1bd/1ba1BR,1BA$875
The Gates of RochesterCarlyle1BR,1BA$890
Chester Estates1BR/1.0BA1BR,1BA$895

Best Value Apartments for Rent in Rochester, MN

As of March 26, 2025 the best value apartment in the Rochester area is the $1.05 price per square foot 3 BD/1.5 BA Model at The Brittany's Apartments and Townhomes in the in the Kutzky Park neighborhood starting from $1,750. The second greatest value Rochester apartment is the 2BR Model at Broadway Plaza - Mayo Clinic starting at $1,700 with a $1.07 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/1.5 BA3BR,1.5BA$1.05
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Georgetowne Homes3 Bedroom3BR,2BA$1.18
Winchester Apartments & TownhomesPemberton3BR,1.5BA$1.20
864 9th Ave SE, Unit 1864 9th Ave SE1BR,1BA$1.08
15 12th Ave NW, Unit 315 12th Ave NW1BR,1BA$1.11
1245 3rd Ave SW, Unit 21245 3rd Ave SW2BR,1BA$1.16
1143 1st St NW, Unit 3051143 1st St NW1BR,1BA$1.08
DM Communities - RochesterUptown Court Apartment1BR,1BA$1.13
Olympik Village ApartmentsZeus1BR,1BA$1.23

Quick Rent Budget Calculator

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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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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 #33

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 a cheap apartment in Rochester?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Rochester is under $895.

What is the price of a cheap apartment in Rochester?

The cheapest apartment in Rochester is DM Communities - Rochester which is listed at $550, while the average apartment in Rochester costs $2,643.

What types of apartments are the cheapest in Rochester?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5,710 regular apartments in Rochester that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Rochester?

Cheap apartments in Rochester have an average cost of $517 which is $2,126 cheaper than the average rent for all rentals in Rochester.

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.