Falcon Heights Townhomes
4400 Red Hawk Dr SE,
Rochester, MN 55904
1-3 Beds | $1,710 - $2,300
Rental Market Trends in Rochester, MN
What is the average rent in Rochester, MN?
$1,359/month
Average Rent
705 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of December 2024, the average rent in Rochester, MN is $1,359 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Rochester rent prices are 13% lower than the national average. When you rent an apartment in Rochester, you can expect to pay about $1,210 per month for a studio, $1,359 for a one-bedroom apartment, and around $1,612 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,915 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 0.8%, which averages out to $12 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 December 2024
Legend
2023
2024
Rent Ranges in Rochester, MN
Last Updated December 2024
$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
33%
$1,501 - $2,000/month
6%
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, Uptown Rochester and Mayo Clinic 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, Rochester, 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 Downtown 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 $1,359, you’ll want to make about $4,530 per month or $54,360 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.
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
$1,309/month
One Bedroom
$1,187/month
$1,444/month
Two Bedroom
$1,280/month
$1,738/month
Three Bedroom
$1,017/month
$2,524/month
Nearby City Rent Trends
Apartment communities in Rochester we think you'll love
Property Management Companies in Rochester, MN
Monarch Investment and Management Group
-
303
Communities
-
74,175
Units
-
138
Cities
6 Communities in Rochester
INH Property Management
-
88
Communities
-
6,269
Units
-
50
Cities
6 Communities in Rochester
Centerspace
-
60
Communities
-
11,307
Units
-
30
Cities
5 Communities in Rochester
Timberland Partners
-
34
Communities
-
9,108
Units
-
31
Cities
3 Communities in Rochester
Velair Property Management
-
11
Communities
-
1,267
Units
-
8
Cities
3 Communities in Rochester
PRE/3
-
176
Communities
-
13,838
Units
-
114
Cities
2 Communities in Rochester
Northland
-
76
Communities
-
23,649
Units
-
43
Cities
2 Communities in Rochester
Pedcor Companies
-
37
Communities
-
8,080
Units
-
30
Cities
2 Communities in Rochester
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.