Rochester, MN Rental Market
Rochester is defined by the Mayo Clinic — one of the world's premier medical institutions and by far the city's largest employer — which drives a constant influx of patients, medical professionals, researchers, and support staff who need housing. IBM's Rochester facility and a cluster of medical technology firms round out the economy. The city is undergoing a multi-billion-dollar "Destination Medical Center" expansion that will further elevate demand in the coming decade.
Get a rent estimate for an address in RochesterAverage Rent in Rochester, MN
$1,180
per month · 2026-06
Market Score
Key Facts — Rochester, MN Rental Market
- Average rent in Rochester, MN:$1,180/mo
- Median rent:$1,086/mo
- Rent range:$600 – $2,600/mo
- Most common rental (2 bedrooms):$1,025/mo
- Active listings:680
- Avg days to lease:30 days
- Year-over-year change:+3.2%
- Median home value:$230,000
- Est. gross annual yield:6.2%
- Data as of:2026-06
Rent by Bedroom in Rochester, MN
Average monthly rent for each bedroom type based on current active listings in Rochester.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $850/mo |
2 Bedrooms | $1,025/mo |
3 Bedrooms | $1,325/mo |
4 Bedrooms | $1,625/mo |
5 Bedrooms | $1,875/mo |
Rochester Rental Market Statistics
Key indicators from the current Rochester, MN rental market.
680
Available now in Rochester
30
From list to lease
$0.92
Average across listings
1,277 sq ft
Typical rental size
$600 – $2,600
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Rochester, MN Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$230,000
Typical purchase price in Rochester
Est. Gross Annual Yield
6.2%
Before expenses & vacancy
Avg Monthly Income
$1,180
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Rochester for a full cash-flow breakdown including all costs.
Rochester, MN Rental Market FAQ
Common questions about renting and investing in Rochester, MN.
What is the average rent in Rochester, MN?
The average rent in Rochester, MN is $1,180 per month as of 2026. One-bedroom apartments average $850/mo, two-bedrooms $1,025/mo, and three-bedroom homes $1,325/mo. Areas closest to the Mayo Clinic campus and Saint Marys Hospital command the highest rents.
Is Rochester, MN a good place to invest in rental property?
Rochester offers a 6.2% estimated gross yield anchored by the Mayo Clinic — one of the most stable major employers in the country. The Destination Medical Center expansion project will add billions in investment and further accelerate rental demand over the next decade. A strong, recession-resistant healthcare economy makes Rochester a reliable long-term hold.
How competitive is the Rochester, MN rental market?
Rochester averages 30 days on market with approximately 680 active listings. Mayo Clinic-adjacent properties and those near Saint Marys Hospital are highly competitive, often leasing within 2 weeks to medical staff and visiting physicians. The broader market is active year-round given Mayo's consistent employment pipeline.
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