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ZIP Code · MN

ZIP 55902

Pop. 26,464·Olmsted County·43rd most expensive ZIP in Minnesota
Median rent (all units)
$1,827/mo
Year-over-Year
+11.1%
Month-over-Month
-2.4%
vs US Median
-$138
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55902 · $1,827
More expensive than 50% of US ZIP codes · National median $1,965/mo
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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

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Last updated: July 20, 2026

Annual cost
$21,924/yr
At $1,827/mo median
Location
StateMN
CountyOlmsted County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.1% YoY, -2.4% 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
41
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
$1,502 → $1,827
up 21.6%
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 $1,502 in 2021 and currently runs about $1,827, reflecting a 21.6% 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.

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Local insights

Tips for renters in ZIP 55902

About renting in ZIP 55902

Last updated: July 20, 2026

ZIP code 55902 covers Rochester, MN. The median rent here is $1,827/mo as of July 2026. A 1-bedroom rents for a median of $1,430/mo. A 2-bedroom rents for a median of $1,690/mo.

At 18% of local median household income ($120,611/yr), ZIP 55902 ranks as affordable compared to the national benchmark of 30%. Rents have increased 11.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55902?

As of July 20, 2026, the median monthly rent in ZIP 55902 (Rochester, MN) is $1,827. This is based on aggregated data from public sources and community submissions.

How does ZIP 55902 rent compare to the US average?

ZIP 55902's median rent of $1,827/mo is $138 (7%) below the US national median of $1,965/mo.

How does ZIP 55902 compare to other ZIPs in Minnesota?

ZIP 55902 falls in the middle range for Minnesota, ranking #43 out of 123 ZIPs at $1,827/mo.

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 $73,000/year (~$35/hour full-time) to afford the median rent of $1,827/mo in ZIP 55902. The local median household income is $120,611/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55902?

Rent in ZIP 55902 has increased 11.1% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55902 an affordable place to rent?

ZIP 55902 is considered very affordable for renters. At $1,827/mo, rent takes approximately 18% of the local median household income ($120,611/yr). The standard benchmark is 30%. ZIP 55902 falls comfortably within that range.

What percentage of ZIP 55902 residents rent vs. own?

According to Census data, approximately 27.6% of ZIP 55902 households are renters, while 72.4% are owner-occupied. ZIP 55902 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55902 compare to the rest of Rochester?

ZIP 55902 is pricier than Rochester as a whole. At $1,827/mo, it's $125 above the Rochester citywide median of $1,702/mo.

When was rent data for ZIP 55902 last updated?

Rent data for ZIP 55902 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
18%
VERY AFFORDABLE

At $1,827/mo, rent takes ~18% of ZIP 55902's median household income ($120,611/yr). The standard benchmark is 30%.

ZIP 55902 18%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

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