What's the average rent in Owatonna, MN?

Rental Market Trends in Owatonna, MN

SOURCE: TRULIA DATA

Rental market highlights

As of May 2026, the average rent in Owatonna, MN is $1,000 per month, which is 48% lower than the national average rent of $1,910 per month.

AVERAGE RENT

$1,000

-9.9%-$110 decrease month-over-month

-10.9%-$122 decrease year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,085

HOUSES

$1,200

TOWNHOUSES

$1,161

As of May 2026, apartments are the most affordable rental option in Owatonna, MN at $1,085 per month, while houses are the most expensive at $1,200 per month. Townhomes average $1,161 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$962
2 Bedrooms	$1,200
3 Bedrooms	$1,395
4 Bedrooms	—
All	$1,050

As of May 2026, the average rent for a 1 bedroom rental in Owatonna, MN is $962 per month, followed by $1,200 for a 2 bedroom rental, and $1,395 for a 3 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,161
3 Bedrooms	$2,000
4 Bedrooms	—
All	$1,161

As of May 2026, the average rent for a 2 bedroom townhome in Owatonna, MN is $1,161 per month, followed by $2,000 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$925
2 Bedrooms	$1,100
3 Bedrooms	$1,395
4 Bedrooms	—
All	$1,050

As of May 2026, the average rent for a 1 bedroom apartment in Owatonna, MN is $925 per month, followed by $1,100 for a 2 bedroom apartment, and $1,395 for a 3 bedroom apartment.