Cheap Homes for Rent in Steele County, MN from $1,000 (5 Rentals)

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

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.

property at 322 S Elm Ave

322 S Elm Ave, Unit 322A

322 S Elm Ave
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.

Cheapest Available Steele County Apartments for Rent

 

The cheapest available apartment rental in Steele County, MN is a 1 Bed unit found at 111 Vine Apartments in the Downtown Owatonna neighborhood priced from $1,165. Cedar View Apartments in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here is today’s list of the most affordable Steele County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
111 Vine Apartments1 Bedroom 1 Bathroom1BR,1BA$1,165
Cedar View Apartments2575 1 BD/1 BA1BR,1BA$1,295
Coopers CourtTwo Bedroom A2BR,1BA$1,295

Best Value Apartments for Rent in Steele County, MN

As of September 20, 2025 the best value apartment in the Steele County area is the $1.23 price per square foot 3B Model at Park Plaza Apartments in the in the Downtown Owatonna neighborhood starting from $1,675. The second greatest value Steele County apartment is the 2 Bed 1 Bath Corner Model at West Lake Meadows starting at $1,775 with a $1.64 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.
Park Plaza Apartments3B3BR,2BA$1.23
West Lake Meadows2 Bed 1 Bath Corner2BR,1BA$1.64
321 Allan Ave, Unit 321321 Allan Ave2BR,1BA$1.32
410 E Rose St, Unit 1410 E Rose St1BR,1BA$0.95
ASCEND1B Wabena1BR,1BA$2.02
Coopers CourtTwo Bedroom A2BR,1BA$1.84
111 Vine Apartments1 Bedroom 1 Bathroom1BR,1BA$1.72
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 48 Apartments for Rent in Steele County, MN with pricing that ranges from $900 to $2,690. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Steele County ranging from $1,050 to $1,700.

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 $1,700 with an average monthly rent of $1,416.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.