Falcon Heights Townhomes
4400 Red Hawk Dr SE,
Rochester, MN 55904
1-3 Beds | $1,745 - $2,350
Rental Market Trends in Rochester, MN
What is the average rent in Rochester, MN?
$1,404/month
Average Rent
723 Sq Ft
Average Apartment Size
+0.4%
Increase in the Last Year
As of March 2025, the average rent in Rochester, MN is $1,404 per month. For comparison, the national average rent price in the US is currently $1,557/month, which means Rochester rent prices are 10% lower than the national average. When you rent an apartment in Rochester, you can expect to pay about $1,220 per month for a studio, $1,404 for a one-bedroom apartment, and around $1,627 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,951 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Rochester, MN?
In the past year, rent has increased by 0.4%, which averages out to $6 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2025
Legend
2024
2025
Rent Ranges in Rochester, MN
Last Updated March 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
14%
$700 - $1,000/month
45%
$1,001 - $1,500/month
31%
$1,501 - $2,000/month
9%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Rochester?
Based on current rent prices, Meadow Park, East Rochester and Uptown Rochester are the most affordable neighborhoods in Rochester.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Rochester?
Based on current rent prices, Kutzky Park, Historic Southwest and Northwest Rochester are the most expensive neighborhoods in Rochester.
Neighborhood
Average Rent
Average Sq Ft
Which Rochester neighborhoods have the most rentals available?
The neighborhoods in Rochester with the most apartments available are North Rochester, Mayo Clinic and East Rochester .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Rochester, MN?
Because the average rent in Rochester is $1,404, you’ll want to make about $4,680 per month or $56,160 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Rochester, MN is 0.1% lower than the national average. Generally, housing in Rochester is 5.0% less expensive than the national average, with rent falling between $1,220 - $1,951. You can expect to pay 2.1% more for groceries, 2.4% more for utilities, and 0.9% less for transportation.
How does Rochester, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Rochester, MN to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,174/month
$1,164/month
One Bedroom
$1,212/month
$1,646/month
Two Bedroom
$1,299/month
$1,678/month
Three Bedroom
$1,019/month
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Nearby City Rent Trends
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PRE/3
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174
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Northland
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Pedcor Companies
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Methodology
† 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.
* Percentages may not total 100 due to rounding.