If I went to U of M this would be a great place to live. You are right next to all your classes along with downtown Rochester. the only downside is I go to a different school and I think you have to attend University of Minnesota to live here.
Trying to find high-end apartments in Rochester? Look at 318 Commons, conveniently located close to the downtown area. Though you'll probably need a car to get around, the area is walkable, with public transportation stops nearby. Come see the available units, and find a place you can call your new home.
Call if you have any questions.