407 N Elm Ave
OwatonnaMN55060
Cheap Apartments for Rent in the Downtown Owatonna Neighborhood of Owatonna, MN from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Owatonna area of Owatonna.
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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
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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
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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$1,100 - $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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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
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 2 Bedroom Apartments
Academy Apartments
706 E Academy StOwatonna, MN 55060
Showing Results 1-11, Page 1 of 1
Downtown Owatonna, 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 Downtown Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Owatonna Studio Apartments | $1,178 | $1,025 | $1,250 |
| Downtown Owatonna 1 Bedroom Apartments | $1,330 | $1,050 | $1,680 |
| Downtown Owatonna 2 Bedroom Apartments | $1,470 | $1,055 | $2,425 |
| Downtown Owatonna 3 Bedroom Apartments | $1,635 | $1,635 | $1,635 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 11 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
- Nearby Owatonna neighborhoods
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Cheapest Available Downtown Owatonna Apartments for Rent
The cheapest available apartment rental in the Downtown Owatonna area of Owatonna, MN is a Studio unit found at West Lake Meadows priced from $1,125. Park Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,220. Here are the most affordable Downtown Owatonna apartments for rent in Owatonna, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West Lake Meadows | Studio | Studio,1BA | $1,125 |
| Park Village Apartments | 2bd/1ba PV2 | 2BR,1BA | $1,220 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,250 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom + Den | 1BR,1BA | $1,375 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,430 |
Best Value Apartments for Rent in Downtown Owatonna, MN
As of April 02, 2026 the best value apartment in the Downtown Owatonna area is the $1.51 price per square foot 2 Bed 2 Bath Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,585. The second greatest value Downtown Owatonna apartment is the 2bd/1ba PV2 Model at Park Village Apartments starting at $1,220 with a $1.38 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Downtown Owatonna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| West Lake Meadows | 2 Bed 2 Bath | 2BR,2BA | $1.51 |
| Park Village Apartments | 2bd/1ba PV2 | 2BR,1BA | $1.38 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom + Den | 1BR,1BA | $1.64 |
| ASCEND | 1B Wabena | 1BR,1BA | $1.91 |
| 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.
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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.
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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 Cheap Downtown Owatonna Apartments
What is the Cheapest Studio apartment in Downtown Owatonna?
Currently the most affordable Cheap Studio Apartment in Downtown Owatonna is at Cedar View Apartments listed at $1,250.
How much is rent for a Cheap One Bedroom Downtown Owatonna Apartment?
The lowest price for a Cheap One Bedroom Downtown Owatonna Apartment is $1,350 at Cedar View Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Owatonna Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Owatonna is starting from $1,220 at Park Village 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
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.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.