I asked more-or-less the same question 12 years ago on sci.math.num-analysis, but for the case when the integer entries are small. Thom Mulders replied describing this wonderful modular method.
Edit: the link above seems to be dead, so I include the reply verbatim here
You can use a modular method. When A is your matrix, compute for N different
primes p the rank of (A modulo p). When the product of the primes you use
is sufficiently big, then the rank will be equal to the maximum of the ranks
you have computed.
To be specific. Let A be an n by m matrix (n<=m) and ||A|| a bound on the
entries in A. When r is the rank of A there is an r by r submatrix B of A
with det(B)<>0. When the product Q of the primes exceeds det(B), there must
be at least one prime p such that the rank of (B modulo p) is r and thus the
rank of (A modulo p) is r. Using Hadamard's bound we have
det(B) <= r^{r/2}||A||^r <= n^{n/2}||A||^n,
so you need at most n((log n)/2 + log ||A||) different primes.
Since the complexity of computing the rank of (A modulo p) is O(mn^2) (assuming
the prime is not too big, e.g. fits into a machine word), the complexity of
this algorithm is (up to some log factors) O(mn^3). This is better than the
complexity (O(mn^4)) of the fraction free algorithm proposed before.
You can also use a probabilistic version of the above. Take a set S of at least
2n((log n)/2 + log ||A||) different primes and compute the rank of (A modulo p)
for different random primes from S. For such a random prime, the probability
that the rank of (A modulo p) is the rank of A is at least 1/2. When you find
that the rank does not increase for N choices of p, then the probability
that you have found the right rank is at least 1-(1/2)^N. Taking N=20, the
probability of failure is less than one in a million. Increasing the set S
improves the probability of success.