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ZIP Code · MN

ZIP 55904

Pop. 29,639·Olmsted County·59th most expensive ZIP in Minnesota
Median rent (all units)
$1,706/mo
Year-over-Year
+3.8%
Month-over-Month
-0.7%
vs US Median
-$259
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 55904 · $1,706
More affordable than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,110
1 BR
$1,190
2 BR
$1,410
3 BR
$1,960
4 BR+
$2,370
Research median
$1,410/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
$20,472/yr
At $1,706/mo median
Location
StateMN
CountyOlmsted County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.8% YoY, -0.7% MoM), not inventory.
Demographics

Who lives here

ZIP 55904 (Rochester, MN) is majority owner-occupied, 37.6% of residents hold a bachelor's degree or higher.

Population
29,639
Median income
$77,016
Median age
35.6
Renters
35.7%
Age distribution
22.5%
26.6%
25.3%
14.3%
Under 1822.5%
18–3426.6%
35–5425.3%
55–6411.4%
65+14.3%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
74.3%
White74.3%
Black10.8%
Hispanic9.7%
Asian3.7%
Other1.5%
Education (25+)
25.7%
29.8%
37.6%
No HS diploma6.8%
HS diploma25.7%
Some college29.8%
Bachelor's+37.6%
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 55904 in Rochester, MN has changed in 5 years

Rent
$1,370 → $1,706
up 24.5%
Income
$67,897 → $77,016
up 13.4%
Population
28,892 → 29,639
up 2.6%
Renter share
34.9% → 35.7%
+0.8 pts
Bachelor's+
34.6% → 37.6%
+3.0 pts
Median age
37.3 → 35.6
-1.7 yrs

The median rent in ZIP 55904 in Rochester, MN stood at $1,370 in 2021 and currently runs about $1,706, reflecting a 24.5% increase over the period. Household income in the area moved from $67,897 to $77,016 across the same window, up 13.4% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 2.6% since 2021, moving from about 28,892 residents to roughly 29,639. College-educated residents now make up 37.6% of adults here, versus 34.6% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 55904 in Rochester, MN look reasonable against where the market sat half a decade ago.

Community

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Local insights

Tips for renters in ZIP 55904

About renting in ZIP 55904

Last updated: July 20, 2026

ZIP code 55904 covers Rochester, MN. The median rent here is $1,706/mo as of July 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,410/mo.

At 27% of local median household income ($77,016/yr), ZIP 55904 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 55904?

As of July 20, 2026, the median monthly rent in ZIP 55904 (Rochester, MN) is $1,706. This is based on aggregated data from public sources and community submissions.

How does ZIP 55904 rent compare to the US average?

ZIP 55904's median rent of $1,706/mo is $259 (13%) below the US national median of $1,965/mo.

How does ZIP 55904 compare to other ZIPs in Minnesota?

ZIP 55904 falls in the middle range for Minnesota, ranking #59 out of 123 ZIPs at $1,706/mo.

How much income do you need to rent in ZIP 55904?

To keep rent at or below 30% of gross income, you would need to earn at least $68,000/year (~$33/hour full-time) to afford the median rent of $1,706/mo in ZIP 55904. The local median household income is $77,016/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 55904?

Rent in ZIP 55904 has increased 3.8% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 55904 an affordable place to rent?

ZIP 55904 is considered affordable for renters. At $1,706/mo, rent takes approximately 27% of the local median household income ($77,016/yr). The standard benchmark is 30%. ZIP 55904 falls comfortably within that range.

What percentage of ZIP 55904 residents rent vs. own?

According to Census data, approximately 35.7% of ZIP 55904 households are renters, while 64.3% are owner-occupied. ZIP 55904 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 55904 compare to the rest of Rochester?

ZIP 55904 is pricier than Rochester as a whole. At $1,706/mo, it's $4 above the Rochester citywide median of $1,702/mo.

When was rent data for ZIP 55904 last updated?

Rent data for ZIP 55904 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
27%
AFFORDABLE

At $1,706/mo, rent takes ~27% of ZIP 55904's median household income ($77,016/yr). The standard benchmark is 30%.

ZIP 55904 27%Benchmark 30%
State income tax5.35–9.85%
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Schools nearby

Public schools near ZIP 55904 (Rochester, MN)

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