Cheap Apartments for Rent in the Historic Southwest Neighborhood of Rochester, MN from $700 (72 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Historic Southwest area of Rochester.

property at 1241 4th St NW

1241 4th St NW

RochesterMN55901

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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855 1st St SW
Studio Apartments

855 1st St SW

855 1st St SWRochester, MN 55902
  • Utilities Included
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Mile Manor Apartments
Studio to 3 Bedroom Apartments

Mile Manor Apartments

1617 4th St NWRochester, MN 55901
  • Utilities Included
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The Marion Apartments
Studio Apartments

The Marion Apartments

1600 Marion Rd SERochester, MN 55904
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Historic Southwest, Rochester, MN Local Guide

Cheapest Available Historic Southwest Apartments for Rent

 

The cheapest available apartment rental in the Historic Southwest area of Rochester, MN is a Studio unit found at DM Communities - Rochester priced from $745. Hillside Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $870. Here are the most affordable Historic Southwest apartments for rent in Rochester, MN:

Apartment ListingModel NameBed/BathPriced From
DM Communities - Rochester219 StudiosStudio,1BA$745
Hillside ApartmentsStudioStudio,1BA$870
Chester Estates1BR/1.0BA1BR,1BA$895
Meadow Park ApartmentsOne Bedroom1BR,1BA$900
The Midtown ApartmentsOne Bed One Bath1BR,1BA$995
The Colby1bd/1ba1BR,1BA$995
Homestead Village Townhomes2 Bedroom 1 Bathroom2BR,1BA$1,075
EastGate ApartmentsA1-501BR,1BA$1,096
The Manor at Med City1 Bedroom - Deluxe1BR,1BA$1,225
Silver Lake CrossingRivetStudio,1BA$1,250

Best Value Apartments for Rent in Historic Southwest, MN

As of May 15, 2025 the best value apartment in the Historic Southwest 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 Historic Southwest apartment is the C1R Model at Cascade Shores Townhomes + Flats starting at $2,092 with a $1.52 price per square foot in the Historic Southwest neighborhood. Here is today’s list of the best values for Historic Southwest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway Plaza - Mayo Clinic2BR2BR,2.5BA$1.07
Cascade Shores Townhomes + FlatsC1R3BR,2BA$1.52
The Quarters4 Bedroom4BR,2BA$1.33
Homestead Village Townhomes3 Bedroom 2 Bathroom3BR,2BA$1.38
1862 16 1/2 St NW, Unit 21862 16 1/2 St NW2BR,1BA$1.68
318 Commons2BR/1.0BA2BR,1BA$1.87
The Midtown ApartmentsTwo Bed One Bath2BR,1BA$1.56
Newly Renovated Apartments1BR/1.0BA1BR,1BA$1.85
The Colby1bd/1ba1BR,1BA$1.66
Meadow Park ApartmentsOne Bedroom1BR,1BA$1.56

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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Pet Friendly Lifestyle
Historic Southwest, Rochester, MN

Ranked #5

Among neighborhoods in Rochester, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Historic Southwest Neighborhood in Rochester, MN

Walk Score®

33 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 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 Historic Southwest Apartments

What is a cheap apartment in Historic Southwest?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Historic Southwest is under $1,250.

What is the price of a cheap apartment in Historic Southwest?

The cheapest apartment in Historic Southwest is Chester Estates which is listed at $895, while the average apartment in Historic Southwest costs $2,111.

What types of apartments are the cheapest in Historic Southwest?

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 34 regular apartments in Historic Southwest 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 Historic Southwest?

Cheap apartments in Historic Southwest have an average cost of $633 which is $1,478 cheaper than the average rent for all rentals in Historic Southwest.

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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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

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