Rent to own Homes in Rochester, MN

Rochester is in Olmstead County in southeastern Minnesota. It is the state's third largest city with a population of over 106,000. Rochester is positioned along the South Fork of the Zumbro River. It spans more than 40 square miles of land and has 100 parks, which is an average of nearly three city parks per square mile. Rochester is one of the state's fastest growing municipalities. The city has been recognized as one of the healthiest and best places to live in the country. The city has a burgeoning local economy and a talented work force. With 45 institutions of higher learning located within a 90 mile radius, graduates usually seek employment opportunities nearby. The community of Rochester is home to the world-renowned Mayo Clinic. The city is also recognized for its remarkable 85 miles of jogging-fitness trails.

Rochester, MN is a great place for affordable rent-to-own homes! With a median household income of over $76,034 and a median rent of $1,044, the Rochester, MN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Rochester, MN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Rochester, MN rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
New
1 of 35 3582 8TH ST NW
Rent to Own Eligible
Cascade
Single Family Home
Rochester, MN 55901
4
2
1681 ft2
1988
New
207 5TH AVE SW #805
Rent to Own Eligible
Historic Southwest
Townhouse/Condo
Rochester, MN 55902
3
2
1500 ft2
1969
New
324 MEADOW RUN DR SW
Rent to Own Eligible
Apple Hill
Single Family Home
Rochester, MN 55902
4
3
1508 ft2
1986
1 of 5 94 CONNER CIR SW
Rent to Own Eligible
 
Townhouse/Condo
Rochester, MN 55902
2
2
1008 ft2
1989
Hot
425 11TH AVE SE
Rent to Own Eligible
Mayo Run
Single Family Home
Rochester, MN 55904
3
1
912 ft2
1920
368 EAGLE NEST LN SW
Rent to Own Eligible
 
Single Family Home
Rochester, MN 55902
3
4
2107 ft2
2003
857 25TH ST SE
Rent to Own Eligible
Meadow Park
Single Family Home
Rochester, MN 55904
4
2
1661 ft2
1985
New
1327 3RD ST NE
Rent to Own Eligible
Silver Lake
Single Family Home
Rochester, MN 55906
2
1
1088 ft2
1940
1 of 54 510 24TH ST SW
Rent to Own Eligible
Apple Hill
Single Family Home
Rochester, MN 55902
4
2
2834 ft2
1985
1 of 103 3036 PINEWOOD RIDGE DR SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
4
4
2988 ft2
2015
1742 CENTER ST W
Rent to Own Eligible
Cascade
Single Family Home
Rochester, MN 55902
4
2
844 ft2
1994
1 of 36 914 9TH AVE SE
Rent to Own Eligible
Slatterly Park
Single Family Home
Rochester, MN 55904
4
2
1474 ft2
1944
2362 21ST AVE SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
4
2
1751 ft2
1996
1 of 47 1736 23RD ST SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
3
2
1632 ft2
1985
2568 ASPEN PL SW
Rent to Own Eligible
 
Single Family Home
Rochester, MN 55902
4
4
3089 ft2
2011
505 PEONY ST SE
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55904
3
2
1560 ft2
2005
2241 MARION RD SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
3
1
757 ft2
1950
3902 CHIP SHOT LN SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
4
3
2308 ft2
2002
12 CONNER CIR SW
Rent to Own Eligible
 
Townhouse/Condo
Rochester, MN 55902
2
2
898 ft2
1989
4301 95TH ST SW
Rent to Own Eligible
 
Single Family Home
Stewartville, MN 55976
3
2
2340 ft2
1961
New
2715 22ND ST SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
4
2
2150 ft2
1963
4316 VALLEY DR NW
Rent to Own Eligible
Cascade
Single Family Home
Rochester, MN 55901
3
2
1095 ft2
1991
1 of 24 904 25TH ST SE
Rent to Own Eligible
Meadow Park
Single Family Home
Rochester, MN 55904
3
2
1724 ft2
1985
1 of 21 182 37TH AVE NW
Rent to Own Eligible
Cascade
Single Family Home
Rochester, MN 55901
3
1
1924 ft2
1961
New
4298 MALLARD PL SE
Rent to Own Eligible
Bear Creek
Townhouse/Condo
Rochester, MN 55904
2
2
1343 ft2
2004
1 of 162 1508 SALEM CT SW
Rent to Own Eligible
Baihly Woodlands
Townhouse/Condo
Rochester, MN 55902
4
3
3782 ft2
2003
2349 STARBURST DR SW
Rent to Own Eligible
 
Single Family Home
Rochester, MN 55902
5
3
1492 ft2
2018
2211 RED PINE LN SW
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55902
5
3
1610 ft2
2022
New
2417 23RD ST NW
Rent to Own Eligible
Valley High
Single Family Home
Rochester, MN 55901
4
2
1722 ft2
1965
New
1881 KERRY DR NE
Rent to Own Eligible
Silver Creek
Single Family Home
Rochester, MN 55906
5
3
1952 ft2
2015
1 of 26 1127 36TH ST SW
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55902
4
3
3210 ft2
1991
1 of 51 1950 NELSON LN SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
3
3
2856 ft2
1973
1 of 34 703 12TH AVE SE
Rent to Own Eligible
Slatterly Park
Single Family Home
Rochester, MN 55904
3
1
1936 ft2
1946
1 of 43 3215 NELSON CT SE
Rent to Own Eligible
Bear Creek
Single Family Home
Rochester, MN 55904
4
2
2552 ft2
1971
1 of 22 2823 SALEM MEADOWS DR SW
Rent to Own Eligible
 
Townhouse/Condo
Rochester, MN 55902
2
2
1284 ft2
2000
New
627 ELTON HILLS DR NW
Rent to Own Eligible
Elton Hills
Single Family Home
Rochester, MN 55901
4
2
1176 ft2
1968
1 of 32 619 S POINTE CT SW
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55902
4
2
2096 ft2
2003
819 6TH ST SW
Rent to Own Eligible
Historic Southwest
Single Family Home
Rochester, MN 55902
4
3
2867 ft2
1918
1324 28TH ST SW
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55902
3
3
2418 ft2
1973
5195 SCENIC VIEW DR SW
Rent to Own Eligible
Willow Creek
Single Family Home
Rochester, MN 55902
5
5
3270 ft2
2017
2139 CENTURION CT NE
Rent to Own Eligible
Silver Creek
Single Family Home
Rochester, MN 55906
4
3
1729 ft2
2022
New
5012 24TH AVE NW
Rent to Own Eligible
Kings Run
Single Family Home
Rochester, MN 55901
2
2
982 ft2
1993
New
827 23RD ST SW
Rent to Own Eligible
 
Single Family Home
Rochester, MN 55902
4
2
1176 ft2
1988
New
2938 NORTHERN SLOPES LN NE
Rent to Own Eligible
Glendale
Single Family Home
Rochester, MN 55906
4
2
1034 ft2
1995
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Buying a Home in Rochester, MN

Rochester, MN is seeing rapid growth and Rochester, MN's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Rochester, MN is part of Olmsted county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Olmsted is 1.09% which is above the national average, which is 0.99%.

Median Home Price in Rochester, MN

Median Rent in Rochester, MN

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Rochester MN

Home Statistics Rochester's home sales figures encompass a range of property types. The range includes condos, townhomes and single family homes. The median home price in Rochester is just above $142,000. This sales price is lower than the national median home value of $152,000, and it's lower than the county of Olmstead median home value of $145,000. The average price of homes sold in Rochester is close to $142,000. This value is an indication that homes for sale and rent to own homes are affordable in Rochester compared to many other parts of the country. Approximately 67 percent of Rochester homes are owned and 37.5 percent are rented, while 5.8 percent are vacant.

Tourist Attractions Rochester's community draws in 1.5 million visitors a year, with many heading to Mayo Clinic. The city is built on hospitality and is a regional magnet because of its 100 city parks, which include Soldiers Field Park and Cabela's, where you can fish and hunt. Other attractions include the Minnesota Zoo, the Plummer House of the Arts, Cannon River Winery, Historic Bluff Country, Niagara Cave, Treasure Island Resort and Casino, and Commonweal Theatre Company.

Local Restaurants Rochester has over 165 restaurants serving cuisine adapted from cultures all over the globe. Whether it's African, American, Greek, Indian, Italian and Mexican, fine dining or fast-food, there is something here for everyone. Some of the local treats residents and visitors enjoy are:

Weather and Climate Rochester has a humid continental climate with warm summers, cold winters and no dry season. The city features four distinct seasons; Rochester has an average 30 inches of rainfall and 48 inches of snowfall per year. Significant snow accumulation is a natural occurrence during winter seasons. Spring and autumn are transitional seasons with a familiar pattern of general warming trends during spring and general cooling trends during autumn or the fall. It is not uncommon to see some snowfall in the early months of spring and the later months of fall. Despite the often inclement weather conditions, the city enjoys on average 200 sunny days, an average summer high temperature of 84 degrees and an average winter low temperature of 3 degrees.