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ZIP Code · MN

ZIP 55901

Pop. 58,495·Olmsted County·63rd most expensive ZIP in Minnesota
Median rent (all units)
$1,669/mo
Year-over-Year
+5.6%
Month-over-Month
+1.7%
vs US Median
-$296
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 55901 · $1,669
More affordable than 61% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,160
1 BR
$1,240
2 BR
$1,470
3 BR
$2,040
4 BR+
$2,470
Research median
$1,470/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$20,028/yr
At $1,669/mo median
Location
StateMN
CountyOlmsted County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.6% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.6% YoY, +1.7% MoM), not inventory.
Demographics

Who lives here

ZIP 55901 (Rochester, MN) is majority owner-occupied, has a median income above the national average, 51.1% of residents hold a bachelor's degree or higher.

Population
58,495
Median income
$94,607
Median age
34.7
Renters
35.7%
Age distribution
24.2%
26.1%
23.7%
16%
Under 1824.2%
18–3426.1%
35–5423.7%
55–6410%
65+16%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
72.4%
White72.4%
Black11.3%
Hispanic4.9%
Asian8%
Other3.5%
Education (25+)
17.7%
26.1%
51.1%
No HS diploma5.1%
HS diploma17.7%
Some college26.1%
Bachelor's+51.1%
Housing tenure
64.3%
35.7%
Owner64.3%
Renter35.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 55901 in Rochester, MN has changed in 5 years

Rent
$1,275 → $1,669
up 30.9%
Income
$79,486 → $94,607
up 19.0%
Population
57,080 → 58,495
up 2.5%
Renter share
34.9% → 35.7%
+0.8 pts
Bachelor's+
47.6% → 51.1%
+3.5 pts
Median age
34 → 34.7
+0.7 yrs

Since 2021, the typical rent in ZIP 55901 in Rochester, MN has climbed from $1,275 to $1,669, a 30.9% change over five years. Census figures show median household income at $94,607 today, compared with $79,486 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.5% since 2021, moving from about 57,080 residents to roughly 58,495. College-educated residents now make up 51.1% of adults here, versus 47.6% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 55901

About renting in ZIP 55901

Last updated: July 20, 2026

ZIP code 55901 covers Rochester, MN. The median rent here is $1,669/mo as of July 2026. A 1-bedroom rents for a median of $1,240/mo. A 2-bedroom rents for a median of $1,470/mo.

At 21% of local median household income ($94,607/yr), ZIP 55901 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.6% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55901?

As of July 20, 2026, the median monthly rent in ZIP 55901 (Rochester, MN) is $1,669. This is based on aggregated data from public sources and community submissions.

How does ZIP 55901 rent compare to the US average?

ZIP 55901's median rent of $1,669/mo is $296 (15%) below the US national median of $1,965/mo.

How does ZIP 55901 compare to other ZIPs in Minnesota?

ZIP 55901 falls in the middle range for Minnesota, ranking #63 out of 123 ZIPs at $1,669/mo.

How much income do you need to rent in ZIP 55901?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,669/mo in ZIP 55901. The local median household income is $94,607/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55901?

Rent in ZIP 55901 has increased 5.6% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55901 an affordable place to rent?

ZIP 55901 is considered very affordable for renters. At $1,669/mo, rent takes approximately 21% of the local median household income ($94,607/yr). The standard benchmark is 30%. ZIP 55901 falls comfortably within that range.

What percentage of ZIP 55901 residents rent vs. own?

According to Census data, approximately 35.7% of ZIP 55901 households are renters, while 64.3% are owner-occupied. ZIP 55901 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55901 compare to the rest of Rochester?

ZIP 55901 is more affordable than Rochester overall. At $1,669/mo, it's $33 below the Rochester citywide median of $1,702/mo.

When was rent data for ZIP 55901 last updated?

Rent data for ZIP 55901 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
21%
VERY AFFORDABLE

At $1,669/mo, rent takes ~21% of ZIP 55901's median household income ($94,607/yr). The standard benchmark is 30%.

ZIP 55901 21%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55901 (Rochester, MN)

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