517 E 4th St
Albert LeaMN56007
Cheap Homes for Rent in Owatonna, MN from $600 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Owatonna.
207 E 4th St
Albert LeaMN56007
702 E Main St
Albert LeaMN56007
810 9th Ave SW
AustinMN55912
821 Jefferson Ave
Albert LeaMN56007
709 13th St NE
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.
327 W Main St
Albert LeaMN56007
234 E McKinley St
OwatonnaMN55060
1524 W Clark St
Albert LeaMN56007
1101 E 18 1/2 St
Albert LeaMN56007
2114 Valleyhigh Dr NW
RochesterMN55901
204 Independence Ave S
Clarks GroveMN56016
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.
121 Jaybee Ln
MankatoMN56001
Showing Results 1-13, Page 1 of 1
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 | $1,358 | $925 | $1,695 |
| Owatonna 3 Bedroom Homes for Rent | $1,945 | $1,000 | $3,675 |
| Owatonna 4 Bedroom Homes for Rent | $2,105 | $1,495 | $2,950 |
| Owatonna 5 Bedroom Homes for Rent | $3,795 | $3,795 | $3,795 |
| Owatonna 6 Bedroom Homes for Rent | $1,795 | $1,795 | $1,795 |
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
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Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 12/16/2025Current 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 | $1,895 | $950 | 14 |
Cheapest Available Owatonna Apartments for Rent and Nearby
The cheapest available apartment rental in Owatonna, MN is a 2 Beds unit found at Lincoln Square Apartments in the Downtown Owatonna neighborhood priced from $1,093. Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,200. Here is today’s list of the most affordable Owatonna apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lincoln Square Apartments | 2 BR - 8 | 2BR,1BA | $1,093 |
| Park Village 1 and Park Village 2 | pkv2250 1bd w/den/1ba | 1BR,1BA | $1,200 |
| Clifton Apartments | 2 Beds, 1 bath | 2BR,1BA | $1,250 |
| Cedar View Apartments | 2575 1 BD ADA | 1BR,1BA | $1,295 |
| West Lake Meadows | 2 Bed 1 Bath | 2BR,1BA | $1,540 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of December 16, 2025 the best value apartment in the Owatonna area is the $1.55 price per square foot 2 Bed 1 Bath Corner Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,675. 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 | $1.55 |
| 321 Allan Ave, Unit 321 | 321 Allan Ave | 2BR,1BA | $1.32 |
| Lincoln Square Apartments | 2 BR - 8 | 2BR,1BA | $1.32 |
| Clifton Apartments | 2 Beds, 1 bath | 2BR,1BA | $1.56 |
| Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1.56 |
| Cedar View Apartments | 2575 1 BD ADA | 1BR,1BA | $1.69 |
| ASCEND | 1B Wabena | 1BR,1BA | $2.08 |
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 ArticleQuick Rent Budget Calculator
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Best Local Schools in Owatonna, MN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Owatonna, MN Rentals by Map
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 43 Apartments for Rent in Owatonna, MN with pricing that ranges from $950 to $1,895. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owatonna ranging from $695 to $3,795.
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 $695 to $3,795 with an average monthly rent of $1,822.
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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
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.