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$850
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$850
Total Monthly Price
$850
302 N Cedar Ave, Unit 302 1/2 North cedar ave
302 N Cedar AveOwatonna, MN 55060
Cheap Apartments for Rent in Owatonna, MN from $800 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
109 E School St
OwatonnaMN55060
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$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Available NowAire
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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Rent Specials
$1,125 - $1,595
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,125 - $1,595
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West Lake Meadows
1575 24th Ave NWOwatonna, 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
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.
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$1,150 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available NowSouth Pointe Apartments
201 18th St SWOwatonna, MN 55060
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
$1,195 - $1,595
Plus Fees
Studio to 2 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jun 15Park Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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$1,224 - $1,654
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,205 - $1,635
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Coopers Court
614 W Bridge StOwatonna, MN 55060
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$1,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available Jul 1Total Monthly Price
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$1,250
Total Monthly Price
$1,250
513 N Oak Ave, Unit 2 Bedroom Duplex Upper
513 N Oak AveOwatonna, 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
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.
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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
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Studio Apartments
111 Vine
111 W Vine StOwatonna, MN 55060
240 E Rice St
OwatonnaMN55060
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1 to 2 Bedroom Apartments
Academy Apartments
706 E Academy StOwatonna, MN 55060
702 E Main St
Albert LeaMN56007
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
121 Clinton St
AustinMN55912
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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
262 S Pearl St
Albert LeaMN56007
1203 11th St NW
AustinMN55912
1102 3rd St NW
AustinMN55912
1102 3rd St NW
AustinMN55912
1111 4th St NW
AustinMN55912
416 State St
West ConcordMN55985
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.
101 Elm St
ClaremontMN55924
Showing Results 1-33, 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 | $1,127 | $1,020 | $1,235 |
| Owatonna 1 Bedroom Apartments | $1,238 | $850 | $1,425 |
| Owatonna 2 Bedroom Apartments | $1,534 | $1,055 | $2,830 |
| Owatonna 3 Bedroom Apartments | $1,654 | $1,654 | $1,654 |
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: 06/06/2026Current 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 | $1,654 | $850 | 26 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a Studio unit found at Aire in the Downtown Owatonna neighborhood priced from $1,020. 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 |
|---|---|---|---|
| Aire | Studio, 1 bath | Studio,1BA | $1,020 |
| Clifton Apartments | 1BD | 1BR,1BA | $1,095 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,260 |
| Coopers Court | Two Bedroom B | 2BR,1BA | $1,344 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1,395 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,430 |
| West Lake Meadows | 2 Bed 1 Bath | 2BR,1BA | $1,485 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,525 |
| ASCEND | 2B Wadsworth | 2BR,2BA | $2,525 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of June 06, 2026 the best value apartment in the Owatonna area is the $1.92 price per square foot 2B Wadsworth Model at ASCEND in the in the Downtown Owatonna neighborhood starting from $2,525. The second greatest value Owatonna apartment is the Two Bedroom Model at Apartments on Mound starting at $1,395 with a $1.22 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. |
|---|---|---|---|
| ASCEND | 2B Wadsworth | 2BR,2BA | $1.92 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.22 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| West Lake Meadows | 2 Bed 2 Bath | 2BR,2BA | $1.51 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Coopers Court | Two Bedroom B | 2BR,1BA | $1.78 |
| 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 |
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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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 Aire listed at $1,020.
How much is rent for a Cheap One Bedroom Owatonna Apartment?
The lowest price for a Cheap One Bedroom Owatonna Apartment is $1,095 at Clifton 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 $1,250 at Clifton 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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.