ZIP Code · MN

ZIP 55902

Part of Rochester, MN

Pop. 26,464·Olmsted County·65th most expensive ZIP in Minnesota

Median rent (all units)

$1,668/mo

Year-over-Year

+0.5%

Month-over-Month

Stable

vs US Median

-$264

Reported rents

Stable (Monthly)

Be the first to discuss 55902 rents ↓

Most AffordableMost Expensive

ZIP 55902 · $1,668

More affordable than 60% of US ZIP codes · National median $1,932/mo

Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,340

1 BR

$1,430

2 BR

$1,690

3 BR

$2,350

4 BR+

$2,840

Research median

$1,690/mo

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

Rent trends

12-month history

Loading…

Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 55902 usually run 2.6% below trend in December and 2.7% above it in June, about $88 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 55902 is 0.7% below its high of $1,680 in June 2026, at $1,668 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55902 changed +0.5% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($120,611) is $3,015 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($2,840).

Rank in Rochester

4th cheapest of 4 ZIP codes in Rochester.

From Zillow's monthly rent index (ZORI) for ZIP 55902. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$20,016/yr

At $1,668/mo median

Location

CityRochester

StateMN

CountyOlmsted County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+0.5% YoY, -0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 55902 (Rochester, MN) is majority owner-occupied, has a median income above the national average, 65.5% of residents hold a bachelor's degree or higher.

Population

26,464

Median income

$120,611

Median age

Renters

27.6%

Age distribution

22%

19.2%

24.2%

15.9%

18.8%

Under 1822%

18–3419.2%

35–5424.2%

55–6415.9%

65+18.8%

Gender

49.1%

50.9%

Male49.1%

Female50.9%

Race & ethnicity

75.9%

White75.9%

Black2.2%

Hispanic7.4%

Asian11.3%

Other3.2%

Education (25+)

12.1%

20.3%

65.5%

No HS diploma2.1%

HS diploma12.1%

Some college20.3%

Bachelor's+65.5%

Housing tenure

72.4%

27.6%

Owner72.4%

Renter27.6%

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

2021 vs 2026

How ZIP 55902 in Rochester, MN has changed in 5 years

Rent

$1,351 → $1,668

up 23.5%

Income

$105,130 → $120,611

up 14.7%

Population

26,092 → 26,464

up 1.4%

Renter share

28.4% → 27.6%

-0.8 pts

Bachelor's+

64.3% → 65.5%

+1.2 pts

Median age

39.9 → 41

+1.1 yrs

The median rent in ZIP 55902 in Rochester, MN stood at $1,351 in 2021 and currently runs about $1,668, reflecting a 23.5% increase over the period. Local incomes tracked alongside that move, going from a median of $105,130 in 2021 to $120,611 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 1.4% since 2021, moving from about 26,092 residents to roughly 26,464. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 55902 in Rochester, MN market of 2021.

Community

Discussions about ZIP 55902

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 55902

About renting in ZIP 55902

Last updated: October 17, 2026

ZIP code 55902 covers Rochester, MN. The median rent here is $1,668/mo as of October 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,690/mo.

At 17% of local median household income ($120,611/yr), ZIP 55902 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 55902?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (about $32/hour full-time) to afford the median rent of $1,668/mo in ZIP 55902. The local median household income is $120,611/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55902?

Rent in ZIP 55902 has been roughly flat over the past year as of September 2026, a +0.5% change. It sits 0.7% below its high of $1,680 in June 2026.

When is the cheapest time to rent in ZIP 55902?

Asking rents in ZIP 55902 are usually lowest in December, about 2.6% below their yearly trend, and highest in June, about 2.7% above it. At today's median that is a gap of roughly $88 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 55902 compare to other ZIPs in Minnesota?

ZIP 55902 is in the middle among Minnesota ZIP codes for rent, ranking #65 of 123 at $1,668/mo. Over the year to September 2026, rent in ZIP 55902 changed +0.5%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.