Rochester, MN Rental Market Trends
Last updated: February 18, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Rochester is $1,642, a 3.18% increase compared to the previous year, when the average rent was $1,591.
Studio Apartments at $1,229 offer the most budget-friendly option with 515 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 716 square feet for $1,466, balancing privacy and affordability.
Two-beedroom units at $1,736 offer 1,058 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,387 sq ft) for $2,014, suitable for larger households.
Average rent in Rochester, MN
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,642 | 938 sq. ft. |
| Studio | $1,229 | 515 sq. ft. |
| 1 Bed | $1,466 | 716 sq. ft. |
| 2 Beds | $1,736 | 1,058 sq. ft. |
| 3 Beds | $2,014 | 1,387 sq. ft. |
Rochester, MN rent trends
Rental prices in Rochester, MN have increased by 3.18% over the past year. The average rent moved from $1,591 to $1,642.
What's the typical rent budget in Rochester, MN?
The largest share of rentals in Rochester, MN (46%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Rochester, MN?
17,516 or 35% of the households in Rochester, MN are renter-occupied while 33,142 or 65% are owner-occupied.
How Rochester Compares to Other Cities
| City | Average Rent |
|---|---|
| Rochester | $1,642 |
| Minneapolis | $1,687 |
| St. Paul | $1,515 |
| Moorhead | $1,081 |
| St. Louis Park | $1,776 |
| Bloomington | $1,676 |
| Edina | $1,849 |
| St. Cloud | $1,163 |
| Minnetonka | $1,953 |
| Burnsville | $1,576 |
| Eden Prairie | $1,755 |
| Winona, MN | $734 |
| Austin, MN | $1,294 |
| Byron, MN | $1,842 |
| Stewartville, MN | $1,364 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Rochester apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.