815 9th Ave SE
AustinMN55912
Cheap Homes for Rent in Owatonna, MN from $600 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Owatonna.
815 11th Ave SW
AustinMN55912
111 3rd St SE
AustinMN55912
302 19th St NE
AustinMN55912
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.
905 1st Ave SW
AustinMN55912
1304 9th Ave NW
AustinMN55912
803 2nd Ave NW
AustinMN55912
107 11th St NW
AustinMN55912
1523 W Clark St
Albert LeaMN56007
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.
1109 3rd Ave NW
AustinMN55912
1005 1st Ave SW
AustinMN55912
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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 Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Owatonna 2 Bedroom Homes for Rent | $1,487 | $975 | $2,925 |
| Owatonna 3 Bedroom Homes for Rent | $1,938 | $1,300 | $3,500 |
| Owatonna 4 Bedroom Homes for Rent | $2,390 | $1,600 | $3,875 |
| Owatonna 5 Bedroom Homes for Rent | $3,475 | $3,000 | $4,500 |
Browse Top Homes for Rent in Owatonna
Explore Owatonna
Owatonna, MN Local Guide
- Owatonna Neighborhoods
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Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 07/26/2025Current apartment rentals in the Owatonna, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Owatonna Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Owatonna | $3,000 | $1,550 | 2 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a 1 Bed unit found at Lincoln Square Apartments in the Downtown Owatonna neighborhood priced from $895. Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,300. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $895 |
| Park Village 1 and Park Village 2 | pkv2250 2bd/1ba | 2BR,1BA | $1,300 |
| West Lake Meadows | 1 Bedroom C | 1BR,1BA | $1,370 |
| ASCEND | 1B Wabena | 1BR,1BA | $1,500 |
| Cedar View Apartments | 2575 3 BD/2 BA | 3BR,2BA | $1,895 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of July 26, 2025 the best value apartment in the Owatonna area is the $1.11 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 $1,500. The second greatest value Owatonna apartment is the 2575 3 BD/2 BA Model at Cedar View Apartments starting at $1,895 with a $1.51 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Owatonna apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 119 W Broadway St, Unit 119.5 | 119 W Broadway St | 4BR,1BA | $1.11 |
| Cedar View Apartments | 2575 3 BD/2 BA | 3BR,2BA | $1.51 |
| West Lake Meadows | 1 Bedroom C | 1BR,1BA | $1.67 |
| 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 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.43 |
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Frequently Asked Questions about Owatonna
What type of rentals are currently available in Owatonna?
There are currently 47 Apartments for Rent in Owatonna, MN with pricing that ranges from $900 to $2,650. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owatonna ranging from $650 to $4,500.
What is the current price range for Rental Homes in Owatonna?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Owatonna ranges from $650 to $4,500 with an average monthly rent of $1,988.
How much are larger Three and Four Bedroom Rentals in Owatonna?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Owatonna range from $1,500 to $1,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,500. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,500.
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.