Falcon Heights Townhomes
4400 Red Hawk Dr SE,
Rochester, MN 55904
$1,745 - $2,200 Plus Fees
1-3 Beds
Rental Market Trends in Rochester, MN
What is the average rent in Rochester, MN?
$1,450/month
Average Rent
704 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
Rochester, MN Rental Market Overview
The average rent in Rochester, MN is $1,450 per month. For comparison, the national average rent price in the US is currently $1,644/month, which means Rochester rent prices are 12% lower than the national average.
- Studio apartments in Rochester average $1,300 per month.
- One-bedroom apartments in Rochester average $1,450 per month.
- Two-bedroom apartments in Rochester average $1,724 per month.
- Three-bedroom apartments in Rochester average $2,013 or more per month.
Data Updated: June, 2026
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 0.9%, which averages out to $14 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 June 2026
Legend
2025
2026
Rent Ranges in Rochester, MN
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
12%
$700 - $1,000/month
43%
$1,001 - $1,500/month
33%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Rochester?
Based on current rent prices, North Rochester, Uptown Rochester and East 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, Northwest Rochester, Kutzky Park and Historic Southwest 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 $1,450, you’ll want to make about $4,833 per month or $57,996 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 2.2% higher than the national average. Generally, housing in Rochester is 1.6% more expensive than the national average, with rent falling between $1,300 - $2,013. You can expect to pay 2.6% more for groceries, 2.3% more for utilities, and 2.3% more 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
$1,142/month
$1,340/month
One Bedroom
$1,207/month
$1,730/month
Two Bedroom
$1,362/month
$2,276/month
Three Bedroom
$1,599/month
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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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.