Search the lowest-cost Apartments available for rent right now in Owatonna.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Owatonna Studio Apartments | $1,151 | $1,105 | $1,175 |
| Owatonna 1 Bedroom Apartments | $1,372 | $990 | $1,665 |
| Owatonna 2 Bedroom Apartments | $1,587 | $1,055 | $2,690 |
| Owatonna 3 Bedroom Apartments | $1,785 | $1,675 | $1,895 |
Current apartment rentals in the Owatonna, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Owatonna Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Owatonna | $1,785 | $990 | 19 |
The cheapest available apartment rental in Owatonna, MN is a 2 Beds unit found at Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood priced from $1,200. Coopers Court in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,295. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1,200 |
| Coopers Court | Two Bedroom A | 2BR,1BA | $1,295 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $1,295 |
| ASCEND | 1B Wabena | 1BR,1BA | $1,540 |
| West Lake Meadows | 2 Bed 1 Bath | 2BR,1BA | $1,590 |
As of September 07, 2025 the best value apartment in the Owatonna area is the $1.64 price per square foot 2 Bed 1 Bath Corner Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,775. The second greatest value Owatonna apartment is the 321 Allan Ave Model at 321 Allan Ave, Unit 321 starting at $1,250 with a $1.32 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Owatonna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| West Lake Meadows | 2 Bed 1 Bath Corner | 2BR,1BA | $1.64 |
| 321 Allan Ave, Unit 321 | 321 Allan Ave | 2BR,1BA | $1.32 |
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1.54 |
| ASCEND | 1B Wabena | 1BR,1BA | $2.02 |
| Coopers Court | Two Bedroom A | 2BR,1BA | $1.84 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $2.00 |
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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See the most popular apartments and homes in Owatonna, MN
Most errands require a car
Minimal bike infrastructure
The cheapest apartment in Owatonna is Cedar View Apartments which is listed at $1,295, while the average apartment in Owatonna costs $1,785.
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Owatonna that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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