Cheap Apartments for Rent in Owatonna, MN from $800 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Owatonna.

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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909 E Vine St
1 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060

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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Crestwood Apartments
2 Bedroom Apartments

Crestwood Apartments

216 12th St NEOwatonna, MN 55060
  • Utilities Included
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111 Vine
Studio Apartments

111 Vine

111 W Vine StOwatonna, MN 55060
  • Utilities Included

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.

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Showing Results 1-24, Page 1 of 1

Owatonna, MN Local Guide

Cheapest Neighborhoods for Apartments in Owatonna, MN

Pricing Updated: 07/24/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Owatonna$1,895$95033

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 $895. Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,035. Here is today’s list of the most affordable Owatonna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln Square Apartments1 Bedroom - 2361BR,1BA$895
Park Village 1 and Park Village 2pkv114 2bd/1ba 1st floor2BR,1BA$1,035
West Lake Meadows1 Bedroom C1BR,1BA$1,370
ASCEND1B Wabena1BR,1BA$1,500
Cedar View Apartments2575 3 BD/2 BA3BR,2BA$1,895

Best Value Apartments for Rent in Owatonna, MN and Nearby

As of July 24, 2025 the best value apartment in the Owatonna area is the $1.11 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 $1,500. The second greatest value Owatonna apartment is the 2575 3 BD/2 BA Model at Cedar View Apartments starting at $1,895 with a $1.51 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 ListingModel NameBed/BathPrice Per Sq.Ft.
119 W Broadway St, Unit 119.5119 W Broadway St4BR,1BA$1.11
Cedar View Apartments2575 3 BD/2 BA3BR,2BA$1.51
West Lake Meadows1 Bedroom C1BR,1BA$1.67
Park Village 1 and Park Village 2pkv114 2bd/1ba Upper2BR,1BA$1.67
ASCEND1B Wabena1BR,1BA$1.97
527 S Oak Ave, Unit 1527 S Oak Ave2BR,1BA$1.60
Lincoln Square Apartments1 Bedroom - 2361BR,1BA$1.43

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Best Local Schools in
Owatonna, MN

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
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Getting 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 $895 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 $1,035 at Park Village 1 and Park Village 2.

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.

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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.

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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.

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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.

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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.