Cheap Homes for Rent in Steele County, MN from $1,000 (3 Rentals)

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Search the lowest-cost Homes available for rent right now in Steele County.

property at 234 E McKinley St

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Jan 1, 2026

234 E McKinley St

OwatonnaMN55060

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.

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.

property at 108 1st Ave SW

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

4 Bedroom, 1.5 Bath Home for Rent

Available Now

108 1st Ave SW

MedfordMN55049

Best Value Apartments for Rent in Steele County, MN

As of December 25, 2025 the best value apartment in the Steele County 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 Steele County apartment is the 2 BR - 8 Model at Lincoln Square Apartments starting at $1,093 with a $1.32 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 ListingModel NameBed/BathPrice Per Sq.Ft.
West Lake Meadows2 Bed 1 Bath Corner2BR,1BA$1.55
Lincoln Square Apartments2 BR - 82BR,1BA$1.32
Clifton Apartments2 Beds, 1 bath2BR,1BA$1.56
Park Village Apartments2bd/1ba PV12BR,1BA$1.53
ASCEND1B Wabena1BR,1BA$2.08
Cedar View Apartments2575 1 BD/1 BA1BR,1BA$2.00

Frequently Asked Questions about Steele County

What type of rentals are currently available in Steele County?

There are currently 46 Apartments for Rent in Steele County, MN with pricing that ranges from $950 to $1,895. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Steele County ranging from $1,050 to $3,000.

What is the current price range for Rental Homes in Steele County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Steele County ranges from $1,050 to $3,000 with an average monthly rent of $1,833.

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

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!