ZIP Code · MN

ZIP 55904

Part of Rochester, MN

Pop. 29,639·Olmsted County·68th most expensive ZIP in Minnesota

Median rent (all units)

$1,647/mo

Year-over-Year

-0.2%

Month-over-Month

-0.7%

vs US Median

-$285

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 55904 · $1,647

More affordable than 62% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 55904 usually run 1.4% below trend in December and 1.4% above it in July, about $46 a month apart at today's median. Based on 6 years of data.

Compared with the peak

Rent in ZIP 55904 is 0.9% below its high of $1,662 in July 2026, at $1,647 as of September 2026.

Past year vs. the rest of Minnesota

Rent in ZIP 55904 changed -0.2% over the year to September 2026. Across the 102 Minnesota ZIP codes Zillow tracks, the typical change was +3.4%.

Since before the pandemic

Rent in ZIP 55904 is 21.9% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($77,016) is $1,925 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,410); a 3-bedroom is $1,960.

Rank in Rochester

3rd cheapest of 4 ZIP codes in Rochester.

From Zillow's monthly rent index (ZORI) for ZIP 55904. 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

$19,764/yr

At $1,647/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 (-0.2% 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

$1,342 → $1,647

up 22.7%

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 $1,342 in 2021 and currently runs about $1,647, reflecting a 22.7% 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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About renting in ZIP 55904

Last updated: October 17, 2026

ZIP code 55904 covers Rochester, MN. The median rent here is $1,647/mo as of October 2026. A 1-bedroom rents for a median of $1,190/mo. A 2-bedroom rents for a median of $1,410/mo.

At 26% of local median household income ($77,016/yr), ZIP 55904 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

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 $66,000/year (about $32/hour full-time) to afford the median rent of $1,647/mo in ZIP 55904. The local median household income is $77,016/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 55904?

Rent in ZIP 55904 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 0.9% below its high of $1,662 in July 2026.

When is the cheapest time to rent in ZIP 55904?

Asking rents in ZIP 55904 are usually lowest in December, about 1.4% below their yearly trend, and highest in July, about 1.4% above it. At today's median that is a gap of roughly $46 a month. This pattern comes from 6 years of Zillow rent data.

How does ZIP 55904 compare to other ZIPs in Minnesota?

ZIP 55904 is in the middle among Minnesota ZIP codes for rent, ranking #68 of 123 at $1,647/mo. Over the year to September 2026, rent in ZIP 55904 changed -0.2%, against a typical +3.4% across the 102 Minnesota ZIP codes Zillow tracks.