Cheap Apartments for Rent in Owatonna, MN

36 rentals

Apartments For Rent Near Owatonna, MN

We found 30 more apartments matching your filters just outside Owatonna

Average Rent Trends in Owatonna, MN

Rent in Owatonna, MN varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Sep 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Oct 2025$1,100
Nov 2025$1,150
Dec 2025$1,000
Jan 2026$1,000
Feb 2026$1,050
Mar 2026$1,200
Apr 2026$1,050
May 2026$1,050
Jun 2026$1,050
Jul 2026$1,100
Aug 2026$1,150
Sep 2026$1,200
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Average Rent By Bedroom and Home Type

In September 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$949$1,200$1,600$2,000$1,200
Townhomes——$1,600—$1,600
Apartments and Condos$825$1,200$1,300—$1,175
Houses$850—$1,600$2,000$1,700
See more information about local market trends in Owatonna, MN

Frequently Asked Questions about Rentals in Owatonna, MN

  • What is the average rent of an apartment in Owatonna, MN?
    The average rent of an apartment in Owatonna, MN is $1,176 per month. This is about 40% lower than the national average.
  • What are the cheapest months to find an apartment to rent in Owatonna, MN?
    Last year, the cheapest month to find an apartment to rent was Dec 2025 when it was $1,000 per month.
  • How many cheap apartments are available in Owatonna, MN?
    There are 22 apartments to rent that are cheaper than the city’s average rent of $1,200.
  • When is the average rent most expensive in Owatonna, MN?
    In the last year, the average rent in Owatonna, MN was highest in Jun 2025 when it was $1,200 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Owatonna, MN?
    The average rent of a 1 bedroom apartment in Owatonna, MN is $949 per month. That is about $224 more than the cost of a studio apartment.
  • What are some zip codes in Owatonna, MN?
    Owatonna, MN includes zip codes such as: 55060, 56046.
  • What are some cities near Owatonna, MN?
    Some nearby cities include: Hope, Medford, Claremont, Ellendale, Blooming Prairie. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en Owatonna, MN - 144 Rentas | Trulia