8

Owatonna, MN Condos for Rent

Section Image
  • /11

    $1,400 Plus Fees

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1765 3rd Ave NE Unit B, Owatonna, MN 55060

    Property Id: 1862054Stunning 2 bed, 1 bath bottom duplex in Owatonna! This duplex features modern amenities including oven, refrigerator, and central air. Enjoy the convenience of on-site laundry, large living room, recently installed carpet, a double-attached garage, water heater, and lots of storage room. References required. This Duplex is located in a prime, quite-residential

    (651) 370-8195

    1765 3rd Ave NE Unit B, Owatonna, MN 55060
  • /18

    $1,250 Plus Fees

    • 2 Beds
    • 1 Bath
    • 912 Sq Ft
    • Condo for Rent

    513 N Oak Ave Unit 1/2, Owatonna, MN 55060

    Property Id: 1335300Downtown Owatonna Duplex - Large 2 bedroom upper - New Flooring and paint. Carport and On street parking. Includes garbage. No pets. 1 years Lease.Must see - Pictures do not due justice - New flooring and painting in progress!

    (507) 431-1265

    513 N Oak Ave Unit 1/2, Owatonna, MN 55060
  • /24

    $1,250

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 912 Sq Ft
    • Condo for Rent

    513 N Oak Ave Unit 2 Bedroom Duplex Upper, Owatonna, MN 55060

    Downtown Owatonna Duplex - Large 2 bedroom upper - New Flooring and paint. Carport and On street parking. Includes garbage. No pets. 1 years Lease.

    513 N Oak Ave Unit 2 Bedroom Duplex Upper, Owatonna, MN 55060
  • /11

    $1,100

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 450 Sq Ft
    • Condo for Rent

    113 N Cedar Ave Unit 3, Owatonna, MN 55060

    Fully Furnished unit available, 1 month minimum required.

    113 N Cedar Ave Unit 3, Owatonna, MN 55060
  • /28

    $950

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 480 Sq Ft
    • Condo for Rent

    1515 N Elm Ave Unit 102, Owatonna, MN 55060

    Lower level unit to the back of the building. Building is a split level style, having a half a flight of stairs up or down. Apartment includes a garage and a separate storage room. Property includes a shared laundry, common patio area, and a large back yard. Building is smoke free, with no pets allowed. See pictures for more insight.

    1515 N Elm Ave Unit 102, Owatonna, MN 55060
  • /6

    $1,200

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    207 W Holly St Unit B Downstairs Unit, Owatonna, MN 55060

    207 W Holly St Unit B Downstairs Unit, Owatonna, MN 55060
  • /8

    $1,150

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1 Bedroom 1 Bath in Owatonna

    1208 3rd Ave NE Unit LO3rd-104, Owatonna, MN 55060

    New Renovated 1 bedroom 1 bathroom Apartment in Owatonna. This quite Building is in a residential area close to schools. Tenants pay Electric, Cable and Internet. Free Heat. Water and Garbage included. In wall AC along with common area coin Opp laundry. Off street parking and Pet friendly.We require renters' insurance.For more information, please visit or call Rent:

    1208 3rd Ave NE Unit LO3rd-104, Owatonna, MN 55060
  • /5

    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • 1 Bedroom 1 Bath Upstairs Apartment

    1201 S Cedar Ave Unit 1 - Upstairs, Owatonna, MN 55060

    Welcome to this upper-level 1-bedroom apartment in a quiet triplex just minutes from downtown Owatonna. This clean, recently updated unit is perfect for anyone looking for convenience and comfort in a small, well-managed property. Parking is never an issue with off-street parking and garages available. Pet lovers will be pleased to know that this apartment is pet friendly. Situated in a

    1201 S Cedar Ave Unit 1 - Upstairs, Owatonna, MN 55060

Frequently Asked Questions

How much does it cost to rent a condo in Owatonna, MN?
The median rent for a condo in Owatonna, MN is $1,175 per month, though prices vary by neighborhood, size, and property type. As of June 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Owatonna, MN?
To comfortably afford the median rent in Owatonna, MN, a household needs to earn roughly $45,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,125 per month in Owatonna, MN, renters typically need to show $3,375 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Owatonna, MN?
In Owatonna, MN, the price-to-rent ratio is 21.1, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Owatonna, MN

Rental Home Trends

Number of Condos for Rent
8
Median Condo Rent
$1,175
Median 1 Bedroom Condo Rent
$1,100
Median 2 Bedroom Condo Rent
$1,250
How to Rent a Home