407 N Elm Ave
OwatonnaMN55060
Cheap Apartments for Rent in Owatonna, MN from $800 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
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$850
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jun 1Total Monthly Price
Base Rent
$850
Total Monthly Price
$850
302 N Cedar Ave
302 N Cedar AveOwatonna, MN 55060
109 E School St
OwatonnaMN55060
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$1,020 - $1,560Studio to 2 Bedroom Apartments Available Now
Aire
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
717 S Cedar Ave
OwatonnaMN55060
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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$1,055
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityChambers Apartments
219-227 S Chambers AveOwatonna, MN 55060
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$1,095 - $1,250
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Contact Us For AvailabilityClifton Apartments
1999 Hartle AveOwatonna, MN 55060
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$1,100 - $1,650
Plus Fees
1 to 2 Bedroom Apartments Available Jun 1The Pearl
130 E Pearl StOwatonna, 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
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 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
Academy Apartments
706 E Academy StOwatonna, MN 55060
220 E 7th St
Albert LeaMN56007
702 E Main St
Albert LeaMN56007
101 Elm St
ClaremontMN55924
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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1 to 3 Bedroom Apartments
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
821 Jefferson Ave
Albert LeaMN56007
Showing Results 1-20, 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 | $1,150 | $1,020 | $1,250 |
| Owatonna 1 Bedroom Apartments | $1,289 | $850 | $1,680 |
| Owatonna 2 Bedroom Apartments | $1,465 | $1,055 | $2,525 |
| Owatonna 3 Bedroom Apartments | $1,646 | $1,646 | $1,646 |
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: 04/22/2026Current 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 | $1,646 | $850 | 19 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a 1 Bed unit found at 111 Vine Apartments in the Downtown Owatonna neighborhood priced from $1,110. Cedar View Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,250. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,110 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,250 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1,295 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,430 |
| West Lake Meadows | 2 Bed 1 Bath | 2BR,1BA | $1,485 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of April 22, 2026 the best value apartment in the Owatonna area is the $0.93 price per square foot 213 E Mill St Model at 213 E Mill St, Unit Apartment A in the in the Downtown Owatonna neighborhood starting from $1,115. The second greatest value Owatonna apartment is the Two Bedroom Model at Apartments on Mound starting at $1,295 with a $1.13 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. |
|---|---|---|---|
| 213 E Mill St, Unit Apartment A | 213 E Mill St | 2BR,1BA | $0.93 |
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.13 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| West Lake Meadows | 2 Bed 2 Bath | 2BR,2BA | $1.51 |
| 312 Riverside Ave, Unit 312 Riverside Ave | 312 Riverside Ave | 2BR,1BA | $1.30 |
| ASCEND | 1B Wabena | 1BR,1BA | $2.21 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $2.08 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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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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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School data provided by Great Schools
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 Cedar View Apartments listed at $1,250.
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 $1,295 at Apartments on Mound.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.