717 S Cedar Ave
OwatonnaMN55060
Cheap Apartments for Rent in the Downtown Owatonna Neighborhood of Owatonna, MN from $800 (41 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Owatonna area of Owatonna.
427 N Oak Ave, Unit 1
427 N Oak Ave
OwatonnaMN55060
213 13th St SW
OwatonnaMN55060
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$950
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$950
Total Monthly Price
$950
1515 N Elm Ave, Unit 102
1515 N Elm AveOwatonna, MN 55060
306 State Ave, Unit 603
306 State Ave
OwatonnaMN55060
1201 S Cedar Ave
OwatonnaMN55060
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$1,020 - $1,560
Plus Fees
Studio to 2 Bedroom Apartments Contact Us For AvailabilityAire
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
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 - $1,295
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowClifton Apartments
1999 Hartle AveOwatonna, MN 55060
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$1,100
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,100
Total Monthly Price
$1,100
113 N Cedar Ave, Unit Apt 3
113 N Cedar AveOwatonna, MN 55060
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Rent Specials
$1,125 - $1,595
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,125 - $1,595
Total Monthly Price
Varies
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
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$1,140 - $1,690
Total Monthly Price
1 to 2 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,100 - $1,650
Required Monthly Fees
$40
Total Monthly Price
$1,140 - $1,690
The Pearl
130 E Pearl StOwatonna, MN 55060
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$1,150 - $1,525
Plus Fees
1 to 2 Bedroom Apartments Available NowSouth Pointe Apartments
201 18th St SWOwatonna, MN 55060
1208 3rd Ave NE
OwatonnaMN55060
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$1,160 - $1,610
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouth Pointe II Apartments
175 18th St SWOwatonna, 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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$1,175 - $1,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,175 - $1,250
Total Monthly Price
$1,175 - $1,250
513 N Oak Ave
513 N Oak AveOwatonna, MN 55060
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Rent Specials
$1,195 - $1,895
Plus Fees
Studio to 3 Bedroom Apartments Available NowCedar View Apartments
2575 N Cedar AveOwatonna, MN 55060
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$1,200
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,200
Total Monthly Price
$1,200
207 W Holly St, Unit Apt B Downstairs Unit
207 W Holly StOwatonna, MN 55060
124 E Rose St
OwatonnaMN55060
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$1,220
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowPark Village Apartments
2250 N Cedar AveOwatonna, MN 55060
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Rent Specials
$1,224 - $1,379
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available Aug 1Total Monthly Price
Base Rent
$1,205 - $1,360
Required Monthly Fees
Varies
Total Monthly Price
Varies
Coopers Court
614 W Bridge StOwatonna, MN 55060
230 E Vine St
OwatonnaMN55060
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$1,2502 Bedroom Apartments Available Now
513 N Oak Ave, Unit 1/2
513 N Oak AveOwatonna, MN 55060
Cash 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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$1,250
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,250
Total Monthly Price
$1,250
139 W Front St, Unit 139 W. Front St. Upper
139 W Front StOwatonna, MN 55060
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$1,330
Plus Fees
1 Bedroom Apartments Available Aug 10The Pointe @ Merchant Square
325 Florence AveOwatonna, MN 55060
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$1,4002 Bedroom Apartments Available Now
1765 3rd Ave NE, Unit B
1765 3rd Ave NEOwatonna, MN 55060
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$1,430
Plus Fees
2 Bedroom Apartments Available NowPark Plaza Apartments
310 Allan AveOwatonna, MN 55060
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$1,530 - $2,830
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,490 - $2,790
Required Monthly Fees
$40
Total Monthly Price
$1,530 - $2,830
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210 N Oak AveOwatonna, MN 55060
146-148-BDW W Broadway St
OwatonnaMN55060
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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
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
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
240 E Rice St
OwatonnaMN55060
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1 to 2 Bedroom Apartments
Academy Apartments
706 E Academy StOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Parkview Apartments
633 Agnes StOwatonna, MN 55060
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1 to 2 Bedroom Apartments
Apartments on Mound
660 Mound StOwatonna, MN 55060
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1 to 3 Bedroom Apartments
The Gateway
325 Hoffman DrOwatonna, MN 55060
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.
703 E Academy St
OwatonnaMN55060
Showing Results 1-41, 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 | $1,092 | $800 | $1,235 |
| Downtown Owatonna 1 Bedroom Apartments | $1,284 | $950 | $1,680 |
| Downtown Owatonna 2 Bedroom Apartments | $1,516 | $1,055 | $2,830 |
| Downtown Owatonna 3 Bedroom Apartments | $1,895 | $1,895 | $1,895 |
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 41 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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- School Districts
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 Lincoln Square Apartments priced from $905. Clifton Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Downtown Owatonna apartments for rent in Owatonna, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $905 |
| Clifton Apartments | 1BD | 1BR,1BA | $1,095 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| Park Village Apartments | 2bd/1ba PV1 | 2BR,1BA | $1,220 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,260 |
Best Value Apartments for Rent in Downtown Owatonna, MN
As of July 09, 2026 the best value apartment in the Downtown Owatonna area is the $1.24 price per square foot Two Bedroom Model at Apartments on Mound in the in the Downtown Owatonna neighborhood starting from $1,420. The second greatest value Downtown Owatonna apartment is the 2 Bedroom 2 Bathroom Model at 111 Vine Apartments starting at $1,525 with a $1.48 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. |
|---|---|---|---|
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.24 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Park Plaza Apartments | 2B 1011 sq. ft. | 2BR,1BA | $1.41 |
| 139 W Front St, Unit 139 W. Front St. Upper | 139 W Front St | 2BR,1BA | $1.25 |
| 513 N Oak Ave | 513 N Oak Ave | 2BR,1BA | $1.37 |
| 207 W Holly St, Unit Apt B Downstairs Unit | 207 W Holly St | 1BR,1BA | $1.33 |
| Park Village Apartments | 2bd/1ba PV1 | 2BR,1BA | $1.53 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.80 |
| Clifton Apartments | 1BD | 1BR,1BA | $1.56 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.45 |
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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Real 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.
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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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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
How much is rent for a Cheap One Bedroom Downtown Owatonna Apartment?
The lowest price for a Cheap One Bedroom Downtown Owatonna Apartment is $905 at Lincoln Square 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.