702 E Main St
Albert LeaMN56007
Cheap Homes for Rent in Owatonna, MN from $900 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Owatonna.
216 Front St
West ConcordMN55985
815 11th Ave SW
AustinMN55912
508 11th Ave SW
AustinMN55912
132 Broadway
AustinMN55912
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.
1207 9th St NE
AustinMN55912
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709 13th St NE
AustinMN55912
101 Elm St
ClaremontMN55924
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.
126 Clinton St
AustinMN55912
201 E 7th St
Albert LeaMN56007
104 1st Ave NE
Dodge CenterMN55927
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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 | $1,246 | $925 | $1,650 |
| Owatonna 3 Bedroom Homes for Rent | $1,908 | $1,200 | $2,800 |
| Owatonna 4 Bedroom Homes for Rent | $2,442 | $2,050 | $3,250 |
| Owatonna 5 Bedroom Homes for Rent | $3,600 | $2,800 | $4,500 |
| Owatonna 6 Bedroom Homes for Rent | $2,100 | $2,100 | $2,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Owatonna
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Owatonna, MN Local Guide
- Owatonna Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
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Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 09/13/2025Current 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 | $1,785 | $900 | 21 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a 2 Beds unit found at Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood priced from $1,200. 111 Vine Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,205. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1,200 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,205 |
| Coopers Court | Two Bedroom A | 2BR,1BA | $1,295 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $1,295 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of September 13, 2025 the best value apartment in the Owatonna area is the $1.64 price per square foot 2 Bed 1 Bath Corner Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,775. The second greatest value Owatonna apartment is the 321 Allan Ave Model at 321 Allan Ave, Unit 321 starting at $1,250 with a $1.32 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. |
|---|---|---|---|
| West Lake Meadows | 2 Bed 1 Bath Corner | 2BR,1BA | $1.64 |
| 321 Allan Ave, Unit 321 | 321 Allan Ave | 2BR,1BA | $1.32 |
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1.53 |
| ASCEND | 1B Wabena | 1BR,1BA | $2.02 |
| Coopers Court | Two Bedroom A | 2BR,1BA | $1.84 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.86 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.78 |
| Cedar View Apartments | 2575 1 BD/1 BA | 1BR,1BA | $2.00 |
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Best Local Schools in Owatonna, MN
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Owatonna, MN
Frequently Asked Questions about Owatonna
What type of rentals are currently available in Owatonna?
There are currently 46 Apartments for Rent in Owatonna, MN with pricing that ranges from $900 to $2,690. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owatonna ranging from $900 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 $900 to $4,500 with an average monthly rent of $1,884.
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.
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.