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Property Managers in Rochester, MN

Compare top property management companies in Rochester, MN. Review services and vetting status, then reach out or request a free quote.

Peopleservice
Susana Leng
Rochester, MN
Unverified Long-term Residential
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Allan-Leigh Estates
Rochester, MN
Unverified
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Rental market in Rochester: rising rents

In Rochester, Census median gross rent rose about 41.5% over the last five years, rents on a clear upward path. The numbers also show three-bedroom rents about 8% below the U.S. average, a population of 164,498, up 6.3% over five years, and renters in 29.4% of homes. The typical home is valued near $331,700, and the median household earns about $95,406 a year, with renters spending a median 29.1% of income on rent.

Market at a glance

Rents & affordability

-15% 2-bed vs U.S. rent
-8% 3-bed vs U.S. rent
-4% 4-bed vs U.S. rent
+41.5% Rent trend, 5-yr
29.1% Rent-to-income

People & households

29.4% Renter-occupied
164,498 Population
+6.3% Population, 5-yr
$95,406 Median household income

Housing stock

5.9% Vacancy rate
$331,700 Median home value
1989 Median year built
71.8% Single-family homes

Jobs

4.8% Unemployment rate
Rent vs the U.S. average, by bedroom size
U.S. average 2-bed -15% 3-bed -8% 4-bed -4%
Who rents vs owns
Renters 29.4% Owners 70.6%

A professional property manager in Rochester generally handles pricing, marketing, tenant screening, rent collection, and maintenance. About 71.8% of local housing is single-family, a common focus for rental owners. With vacancy near 5.9%, rent positioning and days on market can shape your return. Area unemployment is 4.8% as of August 2026. See the managers above and ask for a free quote.

Figures reflect long-term residential rentals, not short-term or vacation rentals. Commercial and other non-residential rents are not shown, but they tend to move with the local residential market, so the pattern above still points you in the right direction.

Frequently asked questions

Are rents rising in Rochester?

In the past five years, Census median gross rent rose close to 41.5%.

How do rents in Rochester compare to the national average?

Measured against the U.S. average: two-bedroom -15%, three-bedroom -8%, four-bedroom -4%. Each figure compares a bedroom size to the typical U.S. rent, not a rent we set.

Is Rochester a good market for rental property?

This market has seen rents increase, an advantage for a well-timed purchase. Renters make up 29.4% of households and vacancy sits near 5.9%. Three-bedroom rents run about 8% below the national average, and rents rose about 41.5% over five years.

How strong is rental demand in Rochester?

Renters make up 29.4% of the housing, and the population of 164,498 grew 6.3% over five years. Vacancy runs near 5.9%.

Rent shown as a deviation from the typical U.S. rent, a national average weighted by renter population, from HERO and HUD reference data. Demographics, population, and rent trend from the U.S. Census Bureau ACS 2020-2024 5-year estimates at the county level, with the five-year trend measured against the 2015-2019 estimates. Unemployment from the U.S. Bureau of Labor Statistics (August 2026).