Cheap Apartments for Rent in Owatonna, MN from $700 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Owatonna.

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909 E Vine St
1 Bedroom Apartments

909 E Vine St

909 Vine St EOwatonna, MN 55060
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Crestwood Apartments
2 Bedroom Apartments

Crestwood Apartments

216 12th St NEOwatonna, MN 55060
  • Utilities Included
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111 Vine
Studio Apartments

111 Vine

111 W Vine StOwatonna, MN 55060
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Showing Results 1-19, Page 1 of 1

Owatonna, MN Local Guide

Cheapest Neighborhoods for Apartments in Owatonna, MN

Pricing Updated: 04/13/2025

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Owatonna$1,512$70044

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 $885. Park Village 1 and Park Village 2 in the Downtown Owatonna neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,220. Here is today’s list of the most affordable Owatonna apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lincoln Square Apartments1 Bedroom - 2361BR,1BA$885
Park Village 1 and Park Village 2pkv2250 2bd/1ba2BR,1BA$1,220
Coopers CourtTwo Bedroom A2BR,1BA$1,295
The Pearl1 Bedroom 1 Bath and Den1BR,1BA$1,345
ASCEND1B Wabena1BR,1BA$1,375

Best Value Apartments for Rent in Owatonna, MN and Nearby

As of April 13, 2025 the best value apartment in the Owatonna area is the $1.14 price per square foot 345 Allan Ave Model at 345 Allan Ave, Unit #2 in the in the Downtown Owatonna neighborhood starting from $1,250. The second greatest value Owatonna apartment is the 2 Bedroom 1 Bath A Model at West Lake Meadows starting at $1,470 with a $1.42 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 ListingModel NameBed/BathPrice Per Sq.Ft.
345 Allan Ave, Unit #2345 Allan Ave2BR,1BA$1.14
West Lake Meadows2 Bedroom 1 Bath A2BR,1BA$1.42
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1.40
The Pearl1 Bedroom 1 Bath and Den1BR,1BA$1.59
Park Village 1 and Park Village 2pkv114 2bd/1ba Upper2BR,1BA$1.53
ASCEND1B Wabena1BR,1BA$1.81
Coopers CourtTwo Bedroom A2BR,1BA$1.84
Lincoln Square Apartments1 Bedroom - 2361BR,1BA$1.42

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Best Local Schools in
Owatonna, MN

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Getting 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

What is the price of a cheap apartment in Owatonna?

The cheapest apartment in Owatonna is Lincoln Square Apartments which is listed at $885, while the average apartment in Owatonna costs $1,512.

What types of apartments are the cheapest in Owatonna?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Owatonna that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.