306 State Ave
OwatonnaMN55060
Cheap Homes for Rent in Downtown Owatonna Neighborhood of Owatonna, MN from $900 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Owatonna area of Owatonna.
244 Phelps St, Unit House
244 Phelps St
OwatonnaMN55060
322 S Elm Ave, Unit 322A
322 S Elm Ave
OwatonnaMN55060
180 Nature Valley Pl NW
OwatonnaMN55060
Showing Results 1-4, 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 4 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
| Downtown Owatonna 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Owatonna Neighborhood of Owatonna, MN.
Explore Owatonna
Downtown Owatonna, Owatonna, MN Local Guide
- Nearby Owatonna neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Owatonna, MN
As of July 14, 2025 the best value apartment in the Downtown Owatonna area is the $1.53 price per square foot 2 Bedroom 1 Bath B Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,650. The second greatest value Downtown Owatonna apartment is the 2B 999 sq.ft. Model at Park Plaza Apartments starting at $1,400 with a $1.40 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 Bedroom 1 Bath B | 2BR,1BA | $1.53 |
| Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.40 |
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1.67 |
| ASCEND | 1B Wabena | 1BR,1BA | $1.97 |
| 527 S Oak Ave, Unit 1 | 527 S Oak Ave | 2BR,1BA | $1.60 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.77 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.43 |
| 124 1/2 N Cedar Ave, Unit Cedar | 124 1/2 N Cedar Ave | 1BR,1BA | $1.72 |
Quick 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.
Let everyone know!
Do you know the Downtown Owatonna area?
If you’re an expert on all things Downtown Owatonna, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Owatonna
What type of rentals are currently available in Downtown Owatonna?
There are currently 47 Apartments for Rent in Downtown Owatonna, MN with pricing that ranges from $775 to $2,650. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Owatonna ranging from $900 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 $900 to $3,000 with an average monthly rent of $1,800.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
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.
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.
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.