Cheap Apartments for Rent in Steele County, MN from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in Steele County.

204 3rd Ave SE

Clifton Apartments

South Pointe Apartments

West Lake Meadows

111 Vine Apartments
Steele County, MN Local Guide

How much does it cost to rent an apartment in Steele County?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Steele County Studio Apartments | $1,068 | $1,020 | $1,135 |
Steele County 1 Bedroom Apartments | $1,362 | $800 | $1,600 |
Steele County 2 Bedroom Apartments | $1,754 | $1,050 | $2,550 |
Steele County 3 Bedroom Apartments | $1,555 | $1,400 | $1,695 |
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Cheapest Available Steele County Apartments for Rent
 The cheapest available apartment rental in Steele County, MN is a 2 Beds unit found at Lincoln Square Apartments in the Downtown Owatonna neighborhood priced from $1,065. 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 Steele County apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Lincoln Square Apartments | 2 Bedroom - 236 | 2BR,1BA | $1,065 |
Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1,220 |
The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1,345 |
Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1,400 |
ASCEND | 1B Wabena | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Steele County, MN
As of March 22, 2025 the best value apartment in the Steele County 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 Steele County 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 Steele County apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
West Lake Meadows | 2 Bedroom 1 Bath A | 2BR,1BA | $1.42 |
Park Plaza Apartments | 2B 999 sq.ft. | 2BR,1BA | $1.40 |
The Pearl | 1 Bedroom 1 Bath and Den | 1BR,1BA | $1.59 |
Lincoln Square Apartments | 2 Bedroom - 236 | 2BR,1BA | $1.29 |
Park Village 1 and Park Village 2 | pkv114 2bd/1ba Upper | 2BR,1BA | $1.53 |
ASCEND | 1B Wabena | 1BR,1BA | $1.91 |
527 S Oak Ave, Unit 1 | 527 S Oak Ave | 1BR,1BA | $1.60 |
Frequently Asked Questions about Cheap Steele County Apartments
How much is rent for a Cheap One Bedroom Steele County Apartment?
The lowest price for a Cheap One Bedroom Steele County Apartment is $1,345 at The Pearl.
What is the lowest price for a Cheap Two Bedroom Steele County Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Steele County is starting from $1,065 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.

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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

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.