Performance indicators for the Rochester short-term rental market based on reliable data.
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The highest-performing listings in Rochester.
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Challenging to Investors
Rochester explicitly allows STRs citywide with a straightforward one‑time certificate ($56 per structure + $18.50 per unit) but imposes moderate permitting, required inspections for non‑owner‑occupied units, and a mandatory public‑safety program; additionally, it enforces strict per‑building caps (generally ≤2 STR units) and criminal penalties for noncompliance, raising compliance burden and risk.
Local STR Agent
STR specialist · Rochester, MN
Rochester, Minnesota, located in the southeastern part of the state, is a city known for its medical innovation and small-town charm. As of the most recent data, Rochester has a population of approximately 121,000 residents. It is about 85 miles (137 kilometers) from Minneapolis, the closest major city, making it relatively accessible for those commuting or visiting.
Rochester’s most renowned landmark is the Mayo Clinic, a world-leading nonprofit American academic medical center that draws patients from around the globe. The presence of the Mayo Clinic makes Rochester a hub for medical professionals and patients, contributing to a steady demand for short-term rentals. More information about the Mayo Clinic can be found on its official website.
Another key attraction is the Apache Mall, one of the largest shopping centers in southeastern Minnesota, offering a variety of retail options. This makes it an appealing destination for visitors looking to shop during their stay. Details about the mall can be accessed on their website.
Rochester is also home to the Rochester Art Center, which provides visitors with contemporary art exhibitions, encouraging a vibrant cultural scene. For more on the art center, visit their site.
For outdoor enthusiasts, the city features Silver Lake Park, a popular destination that offers boating, picnicking, and walking trails. It’s a great spot for those looking to enjoy nature while in the area. Check the city's official parks page for more information.
Given these landmarks and its proximity to Minneapolis, Rochester presents a unique appeal for short-term rentals, catering to medical visitors, shoppers, culture enthusiasts, and nature lovers alike.