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$1,020 - $1,560Studio to 2 Bedroom Apartments Contact Us For Availability
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525 Hillcrest Ave SEOwatonna, MN 55060
Cheap Apartments for Rent in Owatonna, MN from $1,020 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
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Rent Specials
$1,025 - $1,625Studio to 2 Bedroom Apartments Available Now
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111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,075 - $1,1252 Bedroom Apartments Available Sep 11
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Chambers Apartments
219-227 S Chambers AveOwatonna, MN 55060
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$1,095 - $1,895Studio to 3 Bedroom Apartments Available Now
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Cedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,140 - $1,690
Total Monthly Price
Base Rent$1,100 - $1,650
Required Monthly Fees$40
Total Monthly Price$1,140 - $1,690
The Pearl
130 E Pearl StOwatonna, MN 55060
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$1,150 - $1,5251 to 2 Bedroom Apartments Available Nov 1
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South Pointe Apartments
201 18th St SWOwatonna, MN 55060
1208 3rd Ave NE
OwatonnaMN55060
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$1,160 - $1,610Studio to 2 Bedroom Apartments Available Oct 1
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South Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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$1,175 - $1,645
Total Monthly Price
Base Rent$1,175 - $1,645
Total Monthly PriceVaries
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,200
Total Monthly Price
Base Rent$1,200
Total Monthly Price$1,200
207 W Holly St, Unit Apt B Downstairs Unit
207 W Holly StOwatonna, MN 55060
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$1,2202 Bedroom Apartments Available Sep 16
Plus Fees12 Month Lease Term
Park Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,224 - $1,354
Total Monthly Price
Base Rent$1,205 - $1,335
Required Monthly Fees$19
Total Monthly Price$1,224 - $1,354
Coopers Court
614 W Bridge StOwatonna, MN 55060
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$1,2502 Bedroom Apartments Available Now
513 N Oak Ave, Unit 1/2
513 N Oak AveOwatonna, MN 55060
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$1,250
Total Monthly Price
Base Rent$1,250
Total Monthly Price$1,250
139 W Front St, Unit 139 W. Front St. Upper
139 W Front StOwatonna, MN 55060
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$1,330 - $1,5551 to 2 Bedroom Apartments Available Now
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The Pointe @ Merchant Square
325 Florence AveOwatonna, MN 55060
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$1,3502 Bedroom Apartments Available Now
1765 3rd Ave NE, Unit B
1765 3rd Ave NEOwatonna, MN 55060
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1 to 3 Bedroom Apartments
Lincoln Square Apartments
435 16th St NEOwatonna, MN 55060
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2 to 3 Bedroom Apartments
Heather Court Apartments
635-639 Hilltop AveOwatonna, MN 55060
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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1 to 2 Bedroom Apartments
909 E Vine St
909 Vine St EOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Crestwood Apartments
216 12th St NEOwatonna, MN 55060
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Studio Apartments
111 Vine
111 W Vine StOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Clifton Apartments
1999 Hartle AveOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Summit Manor Apartments
166 22nd St NWOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Academy Apartments
706 E Academy StOwatonna, MN 55060
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2 Bedroom Apartments
North View Apartments
250 21st St NwOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Parkview Apartments
633 Agnes StOwatonna, MN 55060
501 1st St W
NorthfieldMN55057
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
608 3rd Ave NW
Dodge CenterMN55927
802 9th Ave SE
AustinMN55912
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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
701 Water St
Albert LeaMN56007
1109 1st Ave NW
FaribaultMN55021
1111 4th St NW
AustinMN55912
912 2nd Ave NE
AustinMN55912
1207 9th St NE
AustinMN55912
126 Clinton St
AustinMN55912
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
2113 Oakland Ave E
AustinMN55912
Showing Results 1-37, Page 1 of 1
Owatonna, MN Local Guide
Downtown Owatonna by Jon Platek is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Owatonna Studio Apartments | $1,141 | $1,020 | $1,235 |
| Owatonna 1 Bedroom Apartments | $1,281 | $1,120 | $1,580 |
| Owatonna 2 Bedroom Apartments | $1,484 | $1,075 | $2,830 |
| Owatonna 3 Bedroom Apartments | $1,895 | $1,895 | $1,895 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Apartments in Owatonna
See all Apartments in OwatonnaExplore Owatonna
Owatonna, MN Local Guide
- Owatonna Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 09/04/2026Current apartment rentals in the Owatonna, MN area range in price from $1,020 to $2,830 with an overall median price of $1,317. 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 | $1,317 | $1,020 | 23 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a Studio unit found at 111 Vine Apartments in the Downtown Owatonna neighborhood priced from $1,025. Summit Manor Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 111 Vine Apartments | Studio | Studio,1BA | $1,025 |
| Summit Manor Apartments | 2BR/1.0BA | 2BR,1BA | $1,100 |
| Academy Apartments | One Bedroom A | 1BR,1BA | $1,139 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| Coopers Court | One Bedroom A | 1BR,1BA | $1,224 |
| West Lake Meadows | 1 Bed 1 Bath | 1BR,1BA | $1,310 |
| The Pointe @ Merchant Square | 1BR/1.0BA | 1BR,1BA | $1,330 |
| The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1,340 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of September 04, 2026 the best value apartment in the Owatonna area is the $1.25 price per square foot 139 W Front St Model at 139 W Front St, Unit 139 W. Front St. Upper in the in the Downtown Owatonna neighborhood starting from $1,250. The second greatest value Owatonna apartment is the 207 W Holly St Model at 207 W Holly St, Unit Apt B Downstairs Unit starting at $1,200 with a $1.33 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. |
|---|---|---|---|
| 139 W Front St, Unit 139 W. Front St. Upper | 139 W Front St | 2BR,1BA | $1.25 |
| 207 W Holly St, Unit Apt B Downstairs Unit | 207 W Holly St | 1BR,1BA | $1.33 |
| The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1.58 |
| Summit Manor Apartments | 2BR/1.0BA | 2BR,1BA | $1.42 |
| West Lake Meadows | 1 Bed 1 Bath | 1BR,1BA | $1.70 |
| The Pointe @ Merchant Square | 1BR/1.0BA | 1BR,1BA | $1.89 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio ,1BA | $1.84 |
| Coopers Court | One Bedroom A | 1BR,1BA | $1.96 |
| 111 Vine Apartments | Studio | Studio ,1BA | $1.66 |
| Academy Apartments | One Bedroom A | 1BR,1BA | $1.88 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Owatonna, MN
Owatonna Summer School 7-8
Owatonna Public School District
Public School - Grades 6-8 (999)
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Owatonna, MN Rentals by Map
See the most popular apartments and homes in Owatonna, MN
Frequently Asked Questions about Cheap Owatonna Apartments
What is the Cheapest Studio apartment in Owatonna?
Currently the most affordable Cheap Studio Apartment in Owatonna is at 111 Vine Apartments listed at $1,025.
How much is rent for a Cheap One Bedroom Owatonna Apartment?
The lowest price for a Cheap One Bedroom Owatonna Apartment is $1,110 at 111 Vine Apartments.
What is the lowest price for a Cheap Two Bedroom Owatonna Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Owatonna is starting from $1,100 at Summit Manor Apartments.
Expert Rental Resources
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.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.