
Apartments for Rent in the Downtown Owatonna Neighborhood of Owatonna, MN (51 Rentals)


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West Lake Meadows

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South Pointe Apartments

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Coopers Court

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The Pearl

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111 Vine Apartments

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South Pointe II Apartments

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Park Plaza Apartments

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ASCEND

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The Pointe @ Merchant Square
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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Park Village Apartments

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Aire

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Chambers Apartments

223 E Rose St, Unit East Rose Street 2

320 Jenny Ln

726 Truman Ave, Unit 724

210 W Holly St

747 Willowbrook St NE

306 State Ave

223 Highland Ave
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.

134 W University St

111 Vine

Northgate Apartments

Broadway Apartments

Courtyard Apartments

Eastgate Apartments

The Canfield Apartments

805 S Cedar Ave

811 E School St

North View Apartments
Neighborhood & Market Insights: How to Choose the Right Area to Rent
Master your search for the perfect apartment. Location is everything. Discover how to leverage community insights, public data, and personal visits to make a fully informed decision about where to rent.

Westwood Apartments

Summit Manor Apartments

Cedardale Place

Cedardale West Apartments

Cedardale South Apartments

Kay Knutson Apartments

The Gateway

Maple View Apartments

Westgate Apartments

595 Adams Ave
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.

Parkview Apartments

Apartments on Mound

Academy Apartments

Crestwood Apartments

909 E Vine St

Heather Court Apartments

Lincoln Square Apartments

Cedar Hills

Cedar Run Townhomes

Clifton Apartments
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.
Downtown Owatonna, Owatonna, MN Local Guide

How much does it cost to rent an apartment in Downtown Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Owatonna Studio Apartments | $1,135 | $1,020 | $1,235 |
| Downtown Owatonna 1 Bedroom Apartments | $1,307 | $1,120 | $1,580 |
| Downtown Owatonna 2 Bedroom Apartments | $1,495 | $1,075 | $2,830 |
| Downtown Owatonna 3 Bedroom Apartments | $1,895 | $1,895 | $1,895 |
How much does it cost to rent a home in Downtown Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| 2 Bedroom Homes | $1,525 | $1,350 | $1,700 |
| 3 Bedroom Homes | $1,850 | $1,850 | $1,850 |
| 4 Bedroom Homes | $2,100 | $2,000 | $2,300 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Downtown Owatonna Neighborhood of Owatonna, MN.
See all Apartments in OwatonnaExplore Owatonna
Downtown Owatonna, Owatonna, MN Local Guide
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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Tour smarter and choose with confidence. Get the essential 18 questions that reveal the truth about a rental property's maintenance, utilities, and safety.
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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.
Pet Friendly LifestyleDowntown Owatonna, Owatonna, MN
Ranked #1
Among cities in Minnesota for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Owatonna, Owatonna, MN
School data provided by Great Schools
Frequently Asked Questions about Downtown Owatonna
What is the current pricing and availability for apartments for rent in the Downtown Owatonna area of Owatonna, MN?
As of today, September 20, 2026, there are currently 51 available Downtown Owatonna apartments priced from $1,020 to $2,830, with an average monthly rent of $1,365.
How much are Studio apartments in Downtown Owatonna?
There are currently 12 Studio Apartments in Downtown Owatonna with rent ranges from $1,020 to $1,235 with an average price of $1,135.
What is the current price range for One Bedroom Downtown Owatonna Apartments for rent?
Today's rental pricing for One Bedroom Apartments in Downtown Owatonna ranges from $1,120 to $1,580 with an average monthly rent of $1,307.
What does renting a Two Bedroom Apartment in Downtown Owatonna cost?
The monthly rent prices of Two Bedroom Apartments currently available in Downtown Owatonna range from $1,075 to $2,830. Today's average rental price for Two Bedrooms here is $1,495.
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

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.