Cheap Apartments for Rent in Owatonna, MN

37 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 Jul 2026 compared to the previous month. Rent previously peaked in Jun 2025.
MonthAverage rent
Aug 2025$1,100
Sep 2025$1,043
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
View as a graph

Average Rent By Bedroom and Home Type

In July 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$1,000$1,250$2,000$1,850$1,200
Townhomes—$1,350——$1,350
Apartments and Condos$950$1,200$2,000—$1,100
Houses—$1,350$2,000$1,850$1,500
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 $1,126 per month. This is about 43% lower than the national average.
  • When is the average rent cheapest in Owatonna, MN?
    In the last year, the average rent in Owatonna, MN was lowest in Dec 2025 when it was $1,000 per month.
  • 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 $1,000 per month. That is about $200 more than the cost of a studio apartment.
  • How many available rental listings are in Owatonna, MN?
    There are 38 available rental listings in Owatonna, MN.
  • 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 - 140 Rentas | Trulia