306 State Ave
OwatonnaMN55060
Cheap Apartments for Rent in Owatonna, MN from $900 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
1201 S Cedar Ave
OwatonnaMN55060
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$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For AvailabilityAire
525 Hillcrest Ave SEOwatonna, MN 55060
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$1,025 - $1,625
Plus Fees
Studio to 2 Bedroom Apartments Available Now111 Vine Apartments
111 Vine StOwatonna, MN 55060
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$1,055
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityChambers Apartments
219-227 S Chambers AveOwatonna, MN 55060
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$1,095 - $1,295
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowClifton Apartments
1999 Hartle AveOwatonna, MN 55060
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$1,140 - $1,690
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 1Total 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 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available Sep 1South Pointe Apartments
201 18th St SWOwatonna, 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.
1208 3rd Ave NE
OwatonnaMN55060
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$1,160 - $1,610
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouth Pointe II Apartments
175 18th St SWOwatonna, MN 55060
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Rent Specials
$1,175 - $1,645
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,175 - $1,645
Total Monthly Price
Varies
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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Rent Specials
$1,195 - $1,895
Plus Fees
Studio to 3 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1Total 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
124 E Rose St
OwatonnaMN55060
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowPark Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,224 - $1,379
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,205 - $1,360
Required Monthly Fees
Varies
Total Monthly Price
Varies
Coopers Court
614 W Bridge StOwatonna, 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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$1,2502 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 Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
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$1,250
Total Monthly Price
$1,250
139 W Front St, Unit 139 W. Front St. Upper
139 W Front StOwatonna, MN 55060
230 E Vine St
OwatonnaMN55060
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$1,280 - $1,330
Plus Fees
1 Bedroom Apartments Available Aug 1The Pointe @ Merchant Square
325 Florence AveOwatonna, 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
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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
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.
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Studio Apartments
111 Vine
111 W Vine StOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Academy Apartments
706 E Academy StOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Parkview Apartments
633 Agnes StOwatonna, MN 55060
1506 7th St SE
AustinMN55912
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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
423 Adams Ave
Albert LeaMN56007
302 19th St NE
AustinMN55912
207 E 4th St
Albert LeaMN56007
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.
103 Main St E
Clarks GroveMN56016
950 S 3rd Ave
Albert LeaMN56007
614 10th St NE
AustinMN55912
416 State St
West ConcordMN55985
1111 4th St NW
AustinMN55912
1206 10th St NE
AustinMN55912
101 Elm St
ClaremontMN55924
400 7th St SW
AustinMN55912
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
407 6th St NW
AustinMN55912
Showing Results 1-41, 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 | $1,149 | $1,020 | $1,235 |
| Owatonna 1 Bedroom Apartments | $1,302 | $1,000 | $1,680 |
| Owatonna 2 Bedroom Apartments | $1,504 | $1,055 | $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
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Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 07/21/2026Current 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 | $1,895 | $1,000 | 21 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a 1 Bed unit found at Lincoln Square Apartments in the Downtown Owatonna neighborhood priced from $905. Clifton Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $905 |
| Clifton Apartments | 1BD | 1BR,1BA | $1,095 |
| West Lake Meadows | Studio | Studio,1BA | $1,175 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| Park Village Apartments | 2bd/1ba PV1 | 2BR,1BA | $1,220 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,260 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1,430 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,525 |
| ASCEND | 1B Wabena | 1BR,1BA | $1,530 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of July 21, 2026 the best value apartment in the Owatonna area is the $1.48 price per square foot 2 Bedroom 2 Bathroom Model at 111 Vine Apartments in the in the Downtown Owatonna neighborhood starting from $1,525. The second greatest value Owatonna apartment is the 2B 1011 sq. ft. Model at Park Plaza Apartments starting at $1,430 with a $1.41 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. |
|---|---|---|---|
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.41 |
| 139 W Front St, Unit 139 W. Front St. Upper | 139 W Front St | 2BR,1BA | $1.25 |
| Park Village Apartments | 2bd/1ba PV1 | 2BR,1BA | $1.53 |
| ASCEND | 1B Wabena | 1BR,1BA | $2.01 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.80 |
| Clifton Apartments | 1BD | 1BR,1BA | $1.56 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $1.93 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.45 |
| West Lake Meadows | Studio | Studio ,1BA | $2.10 |
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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Real 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 West Lake Meadows listed at $1,175.
How much is rent for a Cheap One Bedroom Owatonna Apartment?
The lowest price for a Cheap One Bedroom Owatonna Apartment is $905 at Lincoln Square 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 $1,220 at Park Village 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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.