It was renamed Rocket Mortgage FieldHouse in April 2019 when Quicken Loans rebranded to Rocket Mortgage, as part of the facility's renovation and expansion. The name was updated to the current Rocket Arena in 2025 to align with the rebranding of the various financial businesses under the Rocket name.

Rocket Arena seats 19,432 people in its basketball configuration and up to 18,926 for ice hockey. It is a frequent site for concerts and other athletic events, such as the men's