
Apartments for Rent with Specials in the Downtown Owatonna Neighborhood of Owatonna, MN (3 Rentals)
Apartments in the Downtown Owatonna area of Owatonna with special offers and discounts available right now - opportunities to save money or get a month or more of free rent.

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.

South Pointe 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.

Total Monthly Price
West Lake Meadows
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 | $1,144 | $1,020 | $1,250 |
| Downtown Owatonna 1 Bedroom Apartments | $1,275 | $850 | $1,680 |
| Downtown Owatonna 2 Bedroom Apartments | $1,509 | $1,055 | $2,830 |
| Downtown Owatonna 3 Bedroom Apartments | $1,654 | $1,654 | $1,654 |
Browse Apartments in this Neighborhood
There are currently 3 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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Top Owatonna Apartments in the Downtown Owatonna Area with Move-In Specials Ending Soon
Specials updated: 05-07-2026Take advantage of these move-in and rent specials that are ending soon for top Downtown Owatonna, MN apartments. Act fast and don’t miss out on an incredible deal on your perfect new place!
South Pointe Apartments
One Month FREE on Select Apartments!Expires 05-08-2026
Cedar View Apartments
Waived security deposit for all qualified applicants!Expires 05-30-2026
West Lake Meadows
We are offering a $499 move-in rate (Security Deposit + First Month's Rent) for all 2-bedroom apartments with a 13-month lease. This locked-in rate applies regardless of your move-in date during the month. Restrictions apply; see office for details.Expires 05-31-2026
Newly Listed Move-In Specials offers for Apartments in Downtown Owatonna, MN
Specials updated: 05-07-2026Here are the most recently added special offers for renters looking to find the best deals on apartments in Downtown Owatonna, MN. Be sure to take advantage of some of the area’s top offers.
Cedar View Apartments
Waived security deposit for all qualified applicants!Expires 05-30-2026
West Lake Meadows
We are offering a $499 move-in rate (Security Deposit + First Month's Rent) for all 2-bedroom apartments with a 13-month lease. This locked-in rate applies regardless of your move-in date during the month. Restrictions apply; see office for details.Expires 05-31-2026
South Pointe Apartments
One Month FREE on Select Apartments!Expires 05-08-2026
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.
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
How much are Studio apartments in Downtown Owatonna?
There are currently 12 Studio Apartments in Downtown Owatonna with rent ranges from $915 to $1,250 with an average price of $1,395.
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 $850 to $1,680 with an average monthly rent of $1,275.
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 $1,055 to $2,830. Today's average rental price for Two Bedrooms here is $1,509.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.