Cheap Apartments for Rent in the Downtown Owatonna Neighborhood of Owatonna, MN from $800 (14 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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
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111 Vine
Studio Apartments

111 Vine

111 W Vine StOwatonna, MN 55060
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Downtown Owatonna, Owatonna, MN Local Guide

Cheapest Available Downtown Owatonna Apartments for Rent

 

The cheapest available apartment rental in the Downtown Owatonna area of Owatonna, MN is a 1 Bed unit found at West Lake Meadows priced from $1,135. Park Village 1 and Park Village 2 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,200. Here are the most affordable Downtown Owatonna apartments for rent in Owatonna, MN:

Apartment ListingModel NameBed/BathPriced From
West Lake Meadows1 Bedroom A1BR,1BA$1,135
Park Village 1 and Park Village 2pkv2250 2bd/1ba2BR,1BA$1,200
Parkview ApartmentsTwo Bedroom2BR,1BA$1,279
Cedar View Apartments2575 1 BD/1 BA1BR,1BA$1,295
ASCEND1B Wabena1BR,1BA$1,375

Best Value Apartments for Rent in Downtown Owatonna, MN

As of June 08, 2025 the best value apartment in the Downtown Owatonna area is the $1.04 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 $1,400. The second greatest value Downtown Owatonna apartment is the 2033 Greenwood Dr Model at 2033 Greenwood Dr, Unit 2 starting at $1,250 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
119 W Broadway St, Unit 119.5119 W Broadway St3BR,1BA$1.04
2033 Greenwood Dr, Unit 22033 Greenwood Dr2BR,1BA$1.25
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
304 Highland Ave, Unit Upstairs304 Highland Ave2BR,1BA$1.13
Parkview ApartmentsTwo Bedroom2BR,1BA$1.62
Park Village 1 and Park Village 2pkv114 2bd/1ba Upper2BR,1BA$1.57
ASCEND1B Wabena1BR,1BA$1.81
West Lake Meadows1 Bedroom A1BR,1BA$1.53
Cedar View Apartments2575 1 BD/1 BA1BR,1BA$2.00

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Pet Friendly Lifestyle
Downtown Owatonna, Owatonna, MN

Ranked #1

Among neighborhoods in Owatonna, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Owatonna, Owatonna, MN

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Owatonna Apartments

How much is rent for a Cheap One Bedroom Downtown Owatonna Apartment?

The lowest price for a Cheap One Bedroom Downtown Owatonna Apartment is $1,135 at West Lake Meadows.

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 $1,200 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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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.