Average Rent in Rochester, MN

Rochester rentals average $0 for a 1-bedroom rental to $2,650 for a 4-bedroom rental. The median price of all currently available listings is $1,800, or roughly $1 per square feet.

For the apartment units and housing in May 2024, median rents have risen substantially over the last year. Studio rentals prices have increased by $125 (14.29%) year-over-year from $875 to $1,000. 1-bedroom rentals prices have increased by $1,117 (121.60%) year-over-year from $918 to $2,035. 2-bedroom rentals prices have increased by $113 (10.02%) year-over-year from $1,125 to $1,238. 3-bedroom rentals prices have increased by $321 (20.32%) year-over-year from $1,579 to $1,900. 4-bedroom rentals prices have increased by $227 (12.10%) year-over-year from $1,873 to $2,100. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 1.62% this month. 1-bedroom rents have gone up by 41.83% this month. 2-bedroom rents have gone up by 0.41% this month. 3-bedroom rents have gone up by 2.24% this month. 4-bedroom rents have gone down by 4.55% this month.