Falcon Heights Townhomes
4400 Red Hawk Dr SE,
Rochester, MN 55904
1-3 Beds | $1,745 - $2,200
Rental Market Trends in Rochester, MN
Updated July 2026
The average rent in Rochester, MN is $1,445/month.
Rent in Rochester is roughly equal to the national average rent of of $1,663/month.
$1,445/month
Average Rent
701 Sq Ft
Average Size
+2.2%
Change / Year
1,473
Available Apartments
Rochester rent varies by unit size and layout:
- Studio apartments in Rochester average $1,278 per month.
- One-bedroom apartments in Rochester average $1,445 per month.
- Two-bedroom apartments in Rochester average $1,711 per month.
- Three-bedroom apartments in Rochester average $1,992 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Rochester, MN?
In the past year, rent has increased by 2.2%, which averages out to $32 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Rochester, MN
July 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
12%
$700 - $1,000/month
42%
$1,001 - $1,500/month
34%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Rochester?
Based on current rent prices, Uptown Rochester, Bandel's Woodland Estates and Historic Southwest 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, East Rochester and Kutzky Park 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 $1,445, you’ll want to make about $4,816 per month or $57,792 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 2.3% higher than the national average. Generally, housing in Rochester is 1.6% more expensive than the national average, with rent falling between $1,278 - $1,992. You can expect to pay 2.6% more for groceries, 2.6% 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.
View the Rochester Area GuideStudio
$1,184/month
$1,340/month
One Bedroom
$1,367/month
$1,730/month
Two Bedroom
$1,687/month
$2,276/month
Three Bedroom
$1,997/month
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Frequently Asked Questions
What is the average rent in Rochester?
The average rent in Rochester is $1,445 per month, which is 13.1% lower than the national average of $1,663.
What is the average rent for a house in Rochester?
The average rent for a house in Rochester, MN is $2,024 per month.
Are rents going up or down in Rochester?
Rents in Rochester, MN are increasing, with prices up 2.2% year-over-year and $32 more per month.
What rent range is most common in Rochester?
In Rochester, MN, 42% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
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.