What's the average rent in Owatonna, MN?

Rental Market Trends in Owatonna, MN

SOURCE: TRULIA DATA

Rental market highlights

As of November 2026, the average rent in Owatonna, MN is $1,247 per month, which is 35% lower than the national average rent of $1,932 per month.

AVERAGE RENT

$1,247

3.9%$47 increase month-over-month

8.4%$97 increase year-over-year

AVAILABLE RENTALS

APARTMENTS

$1,128

HOUSES

$1,680

TOWNHOUSES

$1,200

As of November 2026, apartments are the most affordable rental option in Owatonna, MN at $1,128 per month, while houses are the most expensive at $1,680 per month. Townhomes average $1,200 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan type	Average rent
1 Bedroom	$949
2 Bedrooms	$1,205
3 Bedrooms	$1,500
4 Bedrooms	$1,700
All	$1,247

As of November 2026, the average rent for a 1 bedroom rental in Owatonna, MN is $949 per month, followed by $1,205 for a 2 bedroom rental, $1,500 for a 3 bedroom rental, and $1,700 for a 4 bedroom rental.

Floor plan type	Average rent
1 Bedroom	—
2 Bedrooms	$1,200
3 Bedrooms	$1,495
4 Bedrooms	—
All	$1,200

As of November 2026, the average rent for a 2 bedroom townhome in Owatonna, MN is $1,200 per month, followed by $1,495 for a 3 bedroom townhome.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,100
3 Bedrooms	$1,500
4 Bedrooms	$1,700
All	$1,150

As of November 2026, the average rent for a 1 bedroom apartment in Owatonna, MN is $850 per month, followed by $1,100 for a 2 bedroom apartment, $1,500 for a 3 bedroom apartment, and $1,700 for a 4 bedroom apartment.

Floor plan type	Average rent
1 Bedroom	$850
2 Bedrooms	$1,550
3 Bedrooms	$1,575
4 Bedrooms	$1,700
All	$1,680

As of November 2026, the average rent for a 1 bedroom house in Owatonna, MN is $850 per month, followed by $1,550 for a 2 bedroom house, $1,575 for a 3 bedroom house, and $1,700 for a 4 bedroom house.