Search the lowest-cost Apartments available for rent right now in Steele County.
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Steele County Studio Apartments | $1,144 | $1,020 | $1,250 |
| Steele County 1 Bedroom Apartments | $1,274 | $850 | $1,680 |
| Steele County 2 Bedroom Apartments | $1,490 | $1,055 | $2,830 |
| Steele County 3 Bedroom Apartments | $1,654 | $1,654 | $1,654 |
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Write a ReviewThe cheapest available apartment rental in Steele County, MN is a 2 Beds unit found at Heather Court Apartments in the Downtown Owatonna neighborhood priced from $915. Aire in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,020. Here is today’s list of the most affordable Steele County apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Heather Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $915 |
| Aire | Studio, 1 bath | Studio,1BA | $1,020 |
| South Pointe Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,150 |
| Cedar View Apartments | 2575 Studio - 2nd and 3rd Floor | Studio,1BA | $1,250 |
| West Lake Meadows | 1 Bed 1 Bath | 1BR,1BA | $1,250 |
As of May 10, 2026 the best value apartment in the Steele County area is the $1.13 price per square foot Two Bedroom Model at Apartments on Mound in the in the Downtown Owatonna neighborhood starting from $1,295. The second greatest value Steele County apartment is the 2 Bedroom 2 Bathroom Model at South Pointe Apartments starting at $1,430 with a $1.30 price per square foot in the Downtown Owatonna neighborhood. Here is today’s list of the best values for Steele County apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Apartments on Mound | Two Bedroom | 2BR,1BA | $1.13 |
| South Pointe Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.30 |
| The Pointe @ Merchant Square | 2BR/2.0BA | 2BR,2BA | $1.53 |
| 111 Vine Apartments | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.48 |
| Heather Court Apartments | 2 Beds, 1 bath | 2BR,1BA | $0.92 |
| 312 Riverside Ave, Unit 312 Riverside Ave | 312 Riverside Ave | 2BR,1BA | $1.30 |
| Radel Court | D | 2BR,1BA | $1.49 |
| West Lake Meadows | 1 Bed 1 Bath | 1BR,1BA | $1.62 |
| Coopers Court | Two Bedroom B | 2BR,1BA | $1.78 |
| South Pointe II Apartments | One Bedroom One Bathroom | 1BR,1BA | $1.80 |
Currently the most affordable Cheap Studio Apartment in Steele County is at Aire listed at $1,020.
The lowest price for a Cheap One Bedroom Steele County Apartment is $1,150 at South Pointe Apartments.
Today's best deal for a Cheap Two Bedroom Apartment in Steele County is starting from $915 at Heather Court Apartments.
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