424 Bridge Ave
Albert LeaMN56007
Cheap Homes for Rent in Owatonna, MN from $795 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Owatonna.
107 Main St E
Clarks GroveMN56016
501 1st St W
NorthfieldMN55057
930 S Broadway Ave
Albert LeaMN56007
1109 1st Ave NW
FaribaultMN55021
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
1111 4th St NW
AustinMN55912
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$1,1502 Bedroom Apartments Available Sep 25
135 Franklin Ave
135 Franklin AveOwatonna, MN 55060
912 2nd Ave NE
AustinMN55912
1207 9th St NE
AustinMN55912
1206 10th St NE
AustinMN55912
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
401 Highland Ave W
NorthfieldMN55057
126 Clinton St
AustinMN55912
101 Elm St
ClaremontMN55924
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$1,2502 Bedroom Apartments Available Now
513 N Oak Ave, Unit 1/2
513 N Oak AveOwatonna, MN 55060
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$1,3502 Bedroom Apartments Available Now
1765 3rd Ave NE, Unit B
1765 3rd Ave NEOwatonna, MN 55060
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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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 | $1,481 | $1,100 | $2,295 |
| Owatonna 3 Bedroom Homes for Rent | $2,045 | $1,250 | $3,600 |
| Owatonna 4 Bedroom Homes for Rent | $2,270 | $1,495 | $3,249 |
| Owatonna 6 Bedroom Homes for Rent | $3,200 | $3,200 | $3,200 |
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: 08/23/2026Current apartment rentals in the Owatonna, MN area range in price from $1,020 to $2,830 with an overall median price of $1,319. 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 | $1,319 | $1,020 | 19 |
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 $905. Summit Manor Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. 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 | $905 |
| Summit Manor Apartments | 2BR/1.0BA | 2BR,1BA | $1,100 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,110 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,195 |
| North View Apartments | 2BR/1.0BA | 2BR,1BA | $1,200 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of August 23, 2026 the best value apartment in the Owatonna area is the $1.25 price per square foot 139 W Front St Model at 139 W Front St, Unit 139 W. Front St. Upper in the in the Downtown Owatonna neighborhood starting from $1,250. The second greatest value Owatonna apartment is the 207 W Holly St Model at 207 W Holly St, Unit Apt B Downstairs Unit starting at $1,200 with a $1.33 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. |
|---|---|---|---|
| 139 W Front St, Unit 139 W. Front St. Upper | 139 W Front St | 2BR,1BA | $1.25 |
| 207 W Holly St, Unit Apt B Downstairs Unit | 207 W Holly St | 1BR,1BA | $1.33 |
| The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1.58 |
| Summit Manor Apartments | 2BR/1.0BA | 2BR,1BA | $1.42 |
| West Lake Meadows | 1 Bed 1 Bath | 1BR,1BA | $1.70 |
| The Pointe @ Merchant Square | 1BR/1.0BA | 1BR,1BA | $1.89 |
| Coopers Court | Two Bedroom A | 2BR,1BA | $1.88 |
| 111 Vine Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.64 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio ,1BA | $1.84 |
| Lincoln Square Apartments | 1 Bedroom - 236 | 1BR,1BA | $1.45 |
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.
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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Owatonna, MN
Owatonna Summer School 7-8
Owatonna Public School District
Public School - Grades 6-8 (999)
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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 48 Apartments for Rent in Owatonna, MN with pricing that ranges from $1,020 to $2,830. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Owatonna ranging from $795 to $3,600.
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 $795 to $3,600 with an average monthly rent of $1,803.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.