234 E McKinley St
OwatonnaMN55060
Cheap Homes for Rent in Downtown Owatonna Neighborhood of Owatonna, MN from $1,000 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Owatonna area of Owatonna.
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.
244 Phelps St, Unit house
244 Phelps St
OwatonnaMN55060
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.
203 E McKinley St
OwatonnaMN55060
Showing Results 1-3, 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 a home in Downtown Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Owatonna 2 Bedroom Homes for Rent | $1,050 | $1,050 | $1,050 |
| Downtown Owatonna 3 Bedroom Homes for Rent | $2,500 | $2,000 | $3,000 |
| Downtown Owatonna 4 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent 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.
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Downtown Owatonna, Owatonna, MN Local Guide
- Nearby Owatonna neighborhoods
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Best Value Apartments for Rent in Downtown Owatonna, MN
As of January 29, 2026 the best value apartment in the Downtown Owatonna area is the $1.32 price per square foot 321 Allan Ave Model at 321 Allan Ave, Unit 321 Allan Ave in the in the Downtown Owatonna neighborhood starting from $1,250. The second greatest value Downtown Owatonna apartment is the 1bd/1ba + Den PV2 Model at Park Village Apartments starting at $1,170 with a $1.43 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. |
|---|---|---|---|
| 321 Allan Ave, Unit 321 Allan Ave | 321 Allan Ave | 2BR,1BA | $1.32 |
| Park Village Apartments | 1bd/1ba + Den PV2 | 1BR,1BA | $1.43 |
| West Lake Meadows | 1 Bed 1 Bath Corner | 1BR,1BA | $1.61 |
| ASCEND | 1B Wabena | 1BR,1BA | $1.91 |
| Academy Apartments | Two Bedroom A | 2BR,1BA | $1.69 |
| Park Plaza Apartments | 1B | 1BR,1BA | $1.68 |
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.
Read Article
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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.
Read ArticleQuick Rent Budget Calculator
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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
3.5Pet Friendly
Best Local Schools in Downtown Owatonna, Owatonna, MN
School data provided by Great Schools
Frequently Asked Questions about Downtown Owatonna
What type of rentals are currently available in Downtown Owatonna?
There are currently 44 Apartments for Rent in Downtown Owatonna, MN with pricing that ranges from $600 to $1,895. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Owatonna ranging from $1,050 to $3,000.
What is the current price range for Rental Homes in Downtown Owatonna?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Owatonna ranges from $1,050 to $3,000 with an average monthly rent of $1,716.
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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.