close
View Me
from $9501 to 2 Bedroom Apartments Contact Us For Availability
Clifton Apartments
1999 Hartle AveOwatonna, MN 55060
Cheap Apartments for Rent in Owatonna, MN from $600 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Owatonna.
close
View Me
from $9501 to 2 Bedroom Apartments Contact Us For Availability
South Pointe Apartments
201 18th St SWOwatonna, MN 55060
close
View Me
from $975Studio to 2 Bedroom Apartments Available Jun 23
111 Vine Apartments
111 Vine StOwatonna, MN 55060
close
View Me
from $1,020Studio to 2 Bedroom Apartments Available Now
West Lake Meadows
1575 24th Ave NWOwatonna, MN 55060
close
View Me
Rent Specials
from $1,0851 to 2 Bedroom Apartments Available Aug 1
Academy Apartments
706 E Academy StOwatonna, MN 55060
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
close
View Me
close
View Me
close
View Me
240 E Rice St
OwatonnaMN55060
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
719 Cedar Ave
Albert LeaMN56007
close
View Me
from $9001 to 3 Bedroom Apartments Contact Us For Availability
204 3rd Ave SE
204 3rd Ave SEMedford, MN 55049
702 E Main St
Albert LeaMN56007
1013 11th Ave SW
AustinMN55912
109 8th St NW
AustinMN55912
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
302 19th St NE
AustinMN55912
Showing Results 1-16, 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 an apartment in Owatonna?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Owatonna Studio Apartments | $1,045 | $975 | $1,135 |
| Owatonna 1 Bedroom Apartments | $1,314 | $900 | $1,600 |
| Owatonna 2 Bedroom Apartments | $1,673 | $650 | $2,650 |
| Owatonna 3 Bedroom Apartments | $1,500 | $1,500 | $1,500 |
Browse Top Apartments in Owatonna
See all Apartments in OwatonnaExplore Owatonna
Owatonna, MN Local Guide
- Owatonna Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Owatonna, MN
Pricing Updated: 05/18/2025Current 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 | $1,430 | $950 | 41 |
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 $1,075. The Pointe @ Merchant Square in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,255. 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 Bedroom - 236 | 2BR,1BA | $1,075 |
| The Pointe @ Merchant Square | 1BR/1.0BA | 1BR,1BA | $1,255 |
| The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1,300 |
| Park Village 1 and Park Village 2 | pkv2250 2bd/1ba | 2BR,1BA | $1,300 |
| ASCEND | 1B Wabena | 1BR,1BA | $1,375 |
Best Value Apartments for Rent in Owatonna, MN and Nearby
As of May 18, 2025 the best value apartment in the Owatonna area is the $1.50 price per square foot 2 Bedroom 2 Bath Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,575. The second greatest value Owatonna apartment is the 2B 999 sq.ft. Model at Park Plaza Apartments starting at $1,400 with a $1.40 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 Bedroom 2 Bath | 2BR,2BA | $1.50 |
| Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.40 |
| Park Village 1 and Park Village 2 | pkv2250 2bd/1ba | 2BR,1BA | $1.47 |
| The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1.53 |
| Lincoln Square Apartments | 2 Bedroom - 236 | 2BR,1BA | $1.30 |
| ASCEND | 1B Wabena | 1BR,1BA | $1.81 |
| The Pointe @ Merchant Square | 1BR/1.0BA | 1BR,1BA | $1.75 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Owatonna area?
If you’re an expert on all things Owatonna, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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
Owatonna, MN Apartments MapOwatonna, MN Rental Homes MapGetting Around Owatonna, MN
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
42 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Owatonna Apartments
How much is rent for a Cheap One Bedroom Owatonna Apartment?
The lowest price for a Cheap One Bedroom Owatonna Apartment is $1,255 at The Pointe @ Merchant Square.
What is the lowest price for a Cheap Two Bedroom Owatonna Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Owatonna is starting from $1,075 at Lincoln Square Apartments.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.