Cheap Apartments for Rent in the Downtown Owatonna Neighborhood of Owatonna, MN from $800 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Owatonna area of 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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Downtown Owatonna, Owatonna, MN Local Guide

Cheapest Available Downtown Owatonna Apartments for Rent

 

The cheapest available apartment rental in the Downtown Owatonna area of Owatonna, MN is a 2 Beds unit found at Lincoln Square Apartments priced from $1,065. Park Village 1 and Park Village 2 has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,220. Here are the most affordable Downtown Owatonna apartments for rent in Owatonna, MN:

Apartment ListingModel NameBed/BathPriced From
Lincoln Square Apartments2 Bedroom - 2362BR,1BA$1,065
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
Park Plaza Apartments2B 999 sq.ft.2BR,1BA$1,400

Best Value Apartments for Rent in Downtown Owatonna, MN

As of March 30, 2025 the best value apartment in the Downtown Owatonna area is the $1.42 price per square foot 2 Bedroom 1 Bath A Model at West Lake Meadows in the in the Downtown Owatonna neighborhood starting from $1,470. The second greatest value Downtown 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 Downtown Owatonna apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
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
Lincoln Square Apartments2 Bedroom - 2362BR,1BA$1.29
Park Village 1 and Park Village 2pkv114 2bd/1ba Upper2BR,1BA$1.53
ASCEND1B Wabena1BR,1BA$1.91
Coopers CourtTwo Bedroom A2BR,1BA$1.84
527 S Oak Ave, Unit 1527 S Oak Ave1BR,1BA$1.60

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Pet Friendly Lifestyle
Downtown Owatonna, Owatonna, MN

Ranked #1

Among neighborhoods in Owatonna, MN for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Owatonna, Owatonna, MN

School data provided by Great Schools

Best Local Schools in
Downtown Owatonna, Owatonna, MN

School data provided by Great Schools

Frequently Asked Questions about Cheap Downtown Owatonna Apartments

What is the price of a cheap apartment in Downtown Owatonna?

The cheapest apartment in Downtown Owatonna is The Pearl which is listed at $1,345, while the average apartment in Downtown Owatonna costs $1,625.

What types of apartments are the cheapest in Downtown 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 Downtown 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.