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Cheap Apartments for Rent in Owatonna, MN from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
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from $9501 to 2 Bedroom Apartments Contact Us For Availability
Clifton Apartments
1999 Hartle AveOwatonna, MN 55060
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from $9501 to 2 Bedroom Apartments Contact Us For Availability
South Pointe Apartments
201 18th St SWOwatonna, MN 55060
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from $1,075Studio to 2 Bedroom Apartments Available Now
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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from $1,1001 Bedroom Apartment Available Jul 23
113 N Cedar Ave, Unit Apt 3
113 N Cedar AveOwatonna, MN 55060
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Rent Specials
from $1,1191 to 2 Bedroom Apartments Available Aug 1
Academy Apartments
706 E Academy StOwatonna, MN 55060
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from $1,135Studio to 2 Bedroom Apartments Contact Us For Availability
South Pointe II Apartments
175 18th St SWOwatonna, MN 55060
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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from $9001 to 3 Bedroom Apartments Contact Us For Availability
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
815 11th Ave SW
AustinMN55912
302 19th St NE
AustinMN55912
111 3rd St SE
AustinMN55912
1009 3rd Ave NW
AustinMN55912
1003 Lincoln Ave
Albert LeaMN56007
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1206 10th St NE
AustinMN55912
806 John Farry Pl
Albert LeaMN56007
905 1st Ave SW
AustinMN55912
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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 | $1,091 | $1,065 | $1,135 |
| Owatonna 1 Bedroom Apartments | $1,290 | $825 | $1,600 |
| Owatonna 2 Bedroom Apartments | $1,776 | $1,050 | $2,650 |
| Owatonna 3 Bedroom Apartments | $1,855 | $1,400 | $2,700 |
Browse Top Apartments in Owatonna
See all Apartments in OwatonnaExplore Owatonna
Owatonna, MN Local Guide
- Owatonna Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 06/23/2025Current 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 | $1,750 | $825 | 34 |
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 $885. 111 Vine Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,285. 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 | $885 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,285 |
| ASCEND | 1B Wabena | 1BR,1BA | $1,375 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1,400 |
| West Lake Meadows | 2 Bedroom 1 Bath A | 2BR,1BA | $1,470 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of June 24, 2025 the best value apartment in the Owatonna area is the $1.04 price per square foot 119 W Broadway St Model at 119 W Broadway St, Unit 119.5 in the in the Downtown Owatonna neighborhood starting from $1,400. The second greatest value Owatonna apartment is the 2 Bedroom 1 Bath B Model at West Lake Meadows starting at $1,650 with a $1.53 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. |
|---|---|---|---|
| 119 W Broadway St, Unit 119.5 | 119 W Broadway St | 3BR,1BA | $1.04 |
| West Lake Meadows | 2 Bedroom 1 Bath B | 2BR,1BA | $1.53 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.38 |
| 2033 Greenwood Dr, Unit 2 | 2033 Greenwood Dr | 2BR,1BA | $1.25 |
| Cedar View Apartments | 2575 2 BD/1 BA | 2BR,1BA | $1.64 |
| ASCEND | 1B Wabena | 1BR,1BA | $1.81 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.90 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.42 |
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Best Local Schools in Owatonna, MN
School data provided by Great Schools
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Owatonna, MN Apartments MapOwatonna, MN Rental Homes MapGetting Around Owatonna, MN
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Owatonna Apartments
How much is rent for a Cheap One Bedroom Owatonna Apartment?
The lowest price for a Cheap One Bedroom Owatonna Apartment is $885 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 $1,400 at Park Plaza Apartments.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.