Last updated October 8, 2026

Average Rent in Rochester 55904 & Rent Trends

Rent prices and market trends across 5 apartment communities in Rochester 55904, Rochester, MN. Updated daily.

Area All Areas

Rochester 55901 55902 55904

Beds All Bedrooms Studio 1 Bed 2 Bed 3 Bed

Market Average

$1,684/mo

▼ 2% from last month

Lowest Available

$1,125/mo

cheapest unit on market

Communities

tracked daily

Units Listed

available now

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See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.

Rochester 55904 vs Rochester, MN Average

Rochester 55904 is more expensive than the Rochester, MN average by $31/mo (2%). The citywide average is $1,653/mo across all neighborhoods.

Is Rent Going Up or Down in Rochester 55904?

As of October 2026, the average rent in Rochester 55904 is $1,684 per month across 5 apartment communities and 34 available units. Rents have decreased $34 (2%) over the past month.

The most affordable option is Homestead Village Townhomes starting at $1,125/mo. By unit type, a studio averages $1,545/mo, a 1-bedroom averages $1,529/mo, a 2-bedroom averages $1,626/mo, a 3-bedroom averages $1,899/mo.

Prices range from $1,125 to $2,199 per month. The most common price point is the $1,400 range, where 11 units are currently listed.

Rochester 55904 Rent Price History

Timeframe

View as table

Month	Avg Rent	Change	Properties
June 2026	$1,602	-	5
July 2026	$1,619	+$17	5
August 2026	$1,623	+$4	5
September 2026	$1,564	-$59	5
October 2026	$1,553	-$11	5

The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Rochester 55904

Studio

$1,545

from $1,510 · 2 units

1 Bed

$1,529

from $1,392 · 12 units

2 Bed

$1,626

from $1,125 · 8 units

3 Bed

$1,899

from $1,325 · 12 units

Rent Prices by Apartment in Rochester 55904

Property	Starting at	Average	Units	Rating
Homestead Village Townhomes	$1,125/mo	$1,225/mo	2	3.5
TwentyFirst Ave	$1,340/mo	$1,440/mo	2	2.6
Eastwood Ridge	$1,392/mo	$1,705/mo	17	4.6
The Vista at South Broadway	$1,450/mo	$1,820/mo	10	4.3
The Maven on Broadway Apartments	$1,510/mo	$1,577/mo	3	4.6

Frequently Asked Questions About Rent in Rochester 55904

What is the average rent in Rochester 55904?

The average rent in Rochester 55904 is $1,684 per month as of October 2026, based on 34 units across 5 apartment communities.

Is rent going up or down in Rochester 55904?

Rent in Rochester 55904 has decreased $34 (2%) over the past month. The current average is $1,684/mo.

What is the cheapest apartment in Rochester 55904?

The most affordable apartment in Rochester 55904 is Homestead Village Townhomes with units starting at $1,125/mo.

How much is a 1-bedroom apartment in Rochester 55904?

A 1-bedroom apartment in Rochester 55904 averages $1,529/mo, with prices starting at $1,392/mo across 12 available units.

How many apartments are available in Rochester 55904?

There are 34 units available across 5 apartment communities in Rochester 55904.

What salary do I need to live comfortably in Rochester 55904?

Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.

Minimum to afford average rent

$67,000/year

Based on the 30 percent rule, using our tracked average rent of $1,684/mo.

Comfortable income

$81,000/year

Based on the 25 percent rule, leaving more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($1,125/mo), you need to earn at least $45,000/year.

Median household income in Rochester 55904 is $87,767 , about 9% above the comfortable-living threshold.

Cost of living in Rochester 55904

Overall prices in Rochester 55904 runs below the national average by about 7% (BEA Regional Price Parity index 93.0, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Rochester 55904's regional price parities.

Category	Monthly estimate	Source
Rent (market average)	$1,684	daily refresh
Utilities	$400	BLS × BEA RPP
Groceries	$524	BLS × BEA RPP
Transportation	$953	BLS × BEA RPP
Healthcare	$465	BLS × BEA RPP
Other goods and services	$744	BLS × BEA RPP
Estimated total	$4,769/mo	$57,223/year

Population

121,638

Median household income

$87,767

Census median rent

$1,316/mo

Census rent burden

29.6%

Median age

36.4

Mean commute

17 min

Methodology

Rent data

Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.

Cost of living

Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.

Salary to live comfortably

Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.

Demographic figures

Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.

Cost of living and demographic figures were last published in 2023.

Minnesota Rent Trends

Compare rent across all Minnesota cities

Explore Rochester, MN on Map

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US-wide rent comparison

See how Rochester, MN rents stack up against the national median