The striker, 23, could be a tempting summer target for Premier League clubs after netting 32 goals - including three for Scotland.
But Rhodes said: "It would be nice to bounce back up with this club. This is a Premier League club.
"It's just a shame this year we have not given ourselves a proper chance.
"There's not that much we need to tweak. We let in too many goals from 85 minutes onwards and should be 10 or 15 points better off."