Rent Tracker
Rent Inflation in Rochester, MN
The average asking rent in Rochester, MN is $1,629/month as of 2026-08. That is +2.1% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,629/mo
as of 2026-08
Year-over-Year Change
+2.1%
24-Month Rent Trend
Monthly ZORI index values for Rochester, MN.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,629 | -0.31% |
| 2026-07 | $1,634 | +0.43% |
| 2026-06 | $1,627 | +0.18% |
| 2026-05 | $1,624 | +0.87% |
| 2026-04 | $1,610 | +1.13% |
| 2026-03 | $1,592 | +0.95% |
| 2026-02 | $1,577 | +0.83% |
| 2026-01 | $1,564 | +0.58% |
| 2025-12 | $1,555 | -0.26% |
| 2025-11 | $1,559 | -0.83% |
| 2025-10 | $1,572 | -1.19% |
| 2025-09 | $1,591 | -0.31% |
| 2025-08 | $1,596 | +0.00% |
| 2025-07 | $1,596 | +0.38% |
| 2025-06 | $1,590 | +0.44% |
| 2025-05 | $1,583 | +0.44% |
| 2025-04 | $1,576 | +1.03% |
| 2025-03 | $1,560 | +0.91% |
| 2025-02 | $1,546 | +0.98% |
| 2025-01 | $1,531 | +0.00% |
| 2024-12 | $1,531 | +0.39% |
| 2024-11 | $1,525 | +0.53% |
| 2024-10 | $1,517 | +0.40% |
| 2024-09 | $1,511 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices