Residence at Discovery Square
511 3rd Ave,
Rochester, MN 55902
$1,270 - $2,600 | Studio - 2 Beds
Downtown Rochester
Rochester, MN
Downtown Rochester - Rochester, MN
Area Guide
A gem in one of America's favorite cities
Walkable
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Bike-Friendly
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Events
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Community
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Shops
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Restaurants
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Riverfront
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Downtown Rochester is perched along the Zumbro River, a picture-perfect river lined with parks. Minnesota is home to one of the country's best park systems, and Rochester is no exception. The city contains more than 100 parks, many located in or near downtown. And with roughly 85 miles of paved trails, it's the ideal place for jogging and bike-riding. Downtown, you'll find Silver Lake Park, which includes boat ramps and a playground, Cooke Park, Kutzky Park, Plummer House Park, St Marys Park, and Soldiers Field Golf Course -- one of the city's many public golf courses.
While Downtown Rochester is best known for its prestigious Mayo Clinic, there's much more to the neighborhood. Residents enjoy shopping at the Rochester Downtown Farmers Market, enjoying an event at the Mayo Civic Center, spending time at the Rochester Art Center, and attending a wide variety of festivals and events. Downtown's events include Fall Fest, Dogs Downtown, Movies in the Park, and Thursdays on First & 3rd -- a craft market and music festival held weekly during the summer.
Rent Trends
As of March 2025, the average apartment rent in Downtown Rochester is $1,266 for a studio, $1,496 for one bedroom, $1,915 for two bedrooms, and $2,296 for three bedrooms. Apartment rent in Downtown Rochester has increased by 4.4% in the past year.
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Studio
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434 sq ft
Average Sq Ft
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$1,266/month
Average Rent
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1 BR
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706 sq ft
Average Sq Ft
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$1,496/month
Average Rent
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2 BR
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1,085 sq ft
Average Sq Ft
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$1,915/month
Average Rent
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3 BR
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1,182 sq ft
Average Sq Ft
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$2,296/month
Average Rent
Transportation
92
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
81
Very Bikeable
out of 100 BikeScore® Rating
This area is very bikeable. You’ll find a variety of bike paths and lanes.
Points of Interest
Shopping Centers
Parks and Recreation
- Quarry Hill Nature Center
Military Bases
Airports
- Rochester International
Colleges
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.