23

Owatonna, MN Homes for Rent

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  • /37

    Starting at $1,224

    Total Monthly Price

    • 1 - 3 Beds

    614 W Bridge St, Owatonna, MN 55060

    Cooper's Court Apartments in Owatonna, Minnesota, boasts newly renovated units with spacious walk-in closets in select units, private balconies or patios, on-site laundry, a large dining area and stainless steels appliances including a dishwasher.

    Coopers Court

    (507) 431-1126

    614 W Bridge St, Owatonna, MN 55060
  • /34

    Starting at $1,125

    Total Monthly Price

    • Studio - 2 Beds

    1575 24th Ave NW, Owatonna, MN 55060

    The Apartments at West Lake Meadows feature open concept living areas with studio, one and two-bedroom Apartments. An outdoor pool with a sundeck, dishwashers, stacked washer/dryer and many more amenities are found in each apartment. Each building offers a community room, fitness room, elevator and library for tenant use. Property features a clubhouse with a conference room and lobby. Community

    West Lake Meadows

    (507) 431-5932

    1575 24th Ave NW, Owatonna, MN 55060
  • /49

    Starting at $1,150 Plus Fees

    • 1 - 2 Beds

    201 18th St SW, Owatonna, MN 55060

    One Month Free on Select Units - Contact us for more details!South Pointe Apartments opened their doors on August 1, 2018 in Owatonna, MN! It's a 37 unit, market rate property. Phase II opened July 2020 with another 28 units!It's conveniently located close to daycares, shopping, convenience store, great restaurants, hospital, parks and Steele County Fairgrounds.South Pointe offers

    South Pointe Apartments

    (507) 431-1289

    201 18th St SW, Owatonna, MN 55060
  • /33

    Starting at $1,250 Plus Fees

    • Studio - 1 Bed

    2575 N Cedar Ave, Owatonna, MN 55060

    Find Your Perfect Home at the Cedar View Apartments – Modern Living with Exceptional Comfort!Welcome to Cedar View Apartments, where contemporary design meets everyday convenience in Owatonna. Whether you're looking for a spacious studio, 1, 2, or 3-bedroom home, our modern apartments are designed to elevate your lifestyle.Each Apartment Features:- Pet friendly & smoke free -

    Cedar View Apartments

    (218) 332-3850

    2575 N Cedar Ave, Owatonna, MN 55060
  • /16

    Starting at $1,160 Plus Fees

    • Studio - 2 Beds

    175 18th St SW, Owatonna, MN 55060

    South Pointe II Apartments is a 28 unit, market rate property. It's conveniently located close to daycare, shopping, Hy-Vee store, great restaurants, hospital, parks and Steele County Fairgrounds.South Pointe offers individually controlled heat and air conditioning, fitness center, in-home washer/dryers, stainless steel appliances and flat top stoves in every apartment. South Pointe I Apartments

    South Pointe II Apartments

    (507) 431-1327

    175 18th St SW, Owatonna, MN 55060
  • /40

    Starting at $1,290

    Total Monthly Price

    • 1 - 2 Beds

    130 E Pearl St, Owatonna, MN 55060

    The Pearl in Owatonna, consists of 22-one bedroom units, 9-one bedroom with den, and 12-two bedroom/two bath units.All 43 units have 9 foot ceilings and the 4th floor units have popular vaulted ceilings.Each unit has a private balcony or patio, individually controlled heat and air conditioning, private washer and dryer, high speed internet, and stainless steel appliances.The building

    The Pearl

    (507) 200-6523

    130 E Pearl St, Owatonna, MN 55060
  • /26

    Starting at $1,025 Plus Fees

    • Studio - 2 Beds

    111 W Vine St, Owatonna, MN 55060

    111 Vine Apartments is located at 111 East Vine Street Owatonna, MN and is managed by INH Property Management Inc., a reputable property management company with verified listings on RENTCafe. 111 Vine Apartments offers Studio to 2 bedroom apartments ranging in size from 617 to 1027 sq.ft. Amenities include Air Conditioner, BBQ/Picnic Area, Cable Ready, Carpeting, Ceiling Fan and more. This rental

    111 Vine Apartments

    (507) 431-1322

    111 W Vine St, Owatonna, MN 55060
  • /35

    Starting at $1,530

    Total Monthly Price

    • 1 - 2 Beds

    210 N Oak Ave, Owatonna, MN 55060

    This new development marks the exciting beginning of a critical revitalization of Owatonna’s riverway. ASCEND has an attractive combination of luxury apartments on the upper levels and main-floor retail and commercial space. The site sits adjacent to the east bank of the Straight River on Vine Street with multimodal connections to the Downtown District. Mineral Springs Brewery and Olmsted Medical

    ASCEND

    (507) 610-7290

    210 N Oak Ave, Owatonna, MN 55060
  • /35

    Starting at $1,430 Plus Fees

    • 2 Beds

    310 Allan Ave, Owatonna, MN 55060

    Park Plaza is designed for today's tenants wanting modern construction and amenities, easy access to a variety of jobs, services, a nature reserve, entertainment and no maintenance. Maximum space has been dedicated to your independent unit. Outdoor grills and picnic area available to all tenants.Relax and enjoy your favorite meal time on your patio.Make the most of having a washer & dryer

    Park Plaza Apartments

    (507) 431-1021

    310 Allan Ave, Owatonna, MN 55060
  • /8

    Starting at $1,395 Plus Fees

    • 2 Beds

    660 Mound St, Owatonna, MN 55060

    Apartments on Mound offers the best of both worlds! We're located with easy access to shopping, restaurants, and a theater but nestled on a quiet, residential street just a tad removed from the action. Highway I-35 exit is located just over a block away, very convenient for commuters. Enjoy spending time outside? Check out the walking trails and residential area park just steps away! Pets

    Apartments on Mound

    (507) 431-0818

    660 Mound St, Owatonna, MN 55060
  • /21

    Starting at $1,605 Plus Fees

    • 2 Beds

    325 Florence Ave, Owatonna, MN 55060

    The Pointe @ Merchant Square welcomes you to a modern feel home with the ease of maintenance free apartment living. We offer 6 month, 9 month, 12 month, 15 month and 18 month lease terms to best fit your housing needs. The Pointe @ Merchant Square consists of 1 and 2 bedroom open floorplan units with a spacious kitchen including stainless steel appliances and large living area with hardwood style

    The Pointe @ Merchant Square

    (507) 200-3522

    325 Florence Ave, Owatonna, MN 55060
  • /2

    Starting at $1,020 Plus Fees

    • Studio - 2 Beds

    525 Hillcrest Ave SE, Owatonna, MN 55060

    Welcome to Aire—Owatonna’s newest multifamily community, thoughtfully designed for comfort, convenience, and connection. Tucked along the quiet east edge of the city, Aire offers a peaceful residential setting with quick and easy access to Highway 14 and close proximity to the area’s newest high school.Surrounded by charming single-family homes, scenic woodlands, walking trails, parks, and

    Aire

    (507) 431-7830

    525 Hillcrest Ave SE, Owatonna, MN 55060
  • /20

    Starting at $1,095 Plus Fees

    • 1 - 2 Beds

    1999 Hartle Ave, Owatonna, MN 55060

    Clifton Apartments

    (507) 528-8825

    1999 Hartle Ave, Owatonna, MN 55060
  • /22

    Starting at $1,220 Plus Fees

    • 2 Beds

    2250 N Cedar Ave, Owatonna, MN 55060

    Park Village Apartment is located in the charming town of Owatonna. This quiet, well cared for community features 1 & 2 Bedroom apartments, with private balconies, and is just minutes from highway 35, shopping centers and restaurants. Enjoy your day browsing the shops in the historic downtown retail district, or plan a family picnic, hiking, swimming, canoeing, skating and all around fun at one

    Park Village Apartments

    (507) 431-6141

    2250 N Cedar Ave, Owatonna, MN 55060
  • /10

    $850

    Total Monthly Price

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

    302 N Cedar Ave Unit 302 1/2 North cedar ave, Owatonna, MN 55060

    302 N Cedar Ave Unit 302 1/2 North cedar ave, Owatonna, MN 55060
  • /4

    $1,050

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • 1 Bedroom 1 Bath Apartment

    717 S Cedar Ave Unit NRB Apt 2, Owatonna, MN 55060

    Welcome to your new home in Owatonna, MN! This large 1-bedroom, 1-bath apartment offers a spacious and comfortable living environment. The apartment is pet-friendly, so your furry friends are more than welcome. Stay connected with included internet and basic cable, perfect for work or relaxation. The location is unbeatable, with schools and shopping centers just a short distance away. This

    717 S Cedar Ave Unit NRB Apt 2, Owatonna, MN 55060
  • /8

    $1,100

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Large 2 Bedroom 1 Bath Apartment

    717 S Cedar Ave Unit NRB Apt 1, Owatonna, MN 55060

    Welcome to your new home in Owatonna, MN! This large 2-bedroom, 1-bath apartment offers a spacious and comfortable living environment. The apartment is pet-friendly, so your furry friends are more than welcome. Stay connected with included internet and basic cable, perfect for work or relaxation. The apartment boasts large rooms filled with natural lighting, creating a warm and inviting

    717 S Cedar Ave Unit NRB Apt 1, Owatonna, MN 55060
  • /8

    $1,000

    Total Monthly Price

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

    600 S Cedar Ave Unit 2, Owatonna, MN 55060

    600 S Cedar Ave Unit 2, Owatonna, MN 55060
  • /6

    $1,200

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 2 Bedroom 1 Bath in Owatonna

    1208 3rd Ave NE Unit LO3rd-302, Owatonna, MN 55060

    Introducing our spacious 2 Bedroom 1 Bath apartment located in Owatonna, MN. This charming unit offers convenient off-street parking and the option to rent a garage for additional storage. Enjoy the ease of on-site laundry facilities with a washer and dryer available for resident use. Say goodbye to high heating bills with free heat included in your rent. Don't miss out on this fantastic

    1208 3rd Ave NE Unit LO3rd-302, Owatonna, MN 55060
  • /8

    $925

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1 Bedroom 1 Bath Upstairs Apartment

    109 E School St Unit LEE #3, Owatonna, MN 55060

    Discover the 1 Bedroom 1 Bath Upstairs Apartment in Owatonna, MN — a comfortable upstairs unit located close to downtown and nearby shopping. The property offers off-street parking and garages available, plus a large yard for outdoor space. Conveniently positioned for easy access to local amenities and retail, this apartment provides a simple, well-situated option for those seeking a one-bedroom

    109 E School St Unit LEE #3, Owatonna, MN 55060
  • /2

    $1,100

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 500 Sq Ft
    • 1 Bedroom side-by-side Duplex in Owatonna

    240 E Rice St, Owatonna, MN 55060

    This unique one bedroom features a private entrance with a deck, hardwood floors, shared yard, washer and dryer in the unit, most utilities included, and much more! Call today to schedule a viewing.Utilities included: Water/Sewer, Gas (Heat), Water Softening, Lawn Care, Snow RemovalUtilities not included: Electricity, Cable/Internet, GarbageAmenities: Dog FriendlyWe would be

    240 E Rice St, 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
  • /14

    $1,175

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • House for Rent

    514 S Grove Ave, Owatonna, MN 55060

    Check out this One Bedroom, One bath house located in the city of Owatonna. This house was updated last year with new paint, carpet and flooring and updated appliances! This house has a two car garage, central air and central heat and comes with a washer and dryer! The rent is $1175.00 a month, and the resident pays their own utilities. The property will be ready for a move in by June 1st

    514 S Grove Ave, Owatonna, MN 55060

Why Live in Owatonna

Owatonna, located in Steele County, Minnesota, offers a blend of small-town charm and modern conveniences just 65 miles southwest of the Twin Cities. With a population of over 26,000, Owatonna is known for its scenic lifestyle and urban convenience. The city boasts 37 parks, 17 trails, and over 867 acres of outdoor space, including Kaplan’s Woods and Mineral Springs Park, providing year-round activities such as swimming, fishing, ice skating, and cross-country skiing. The Village of Yesteryear and the State School Orphanage Museum preserve local history, while the annual Steele County Free Fair attracts over 100,000 attendees with live music, carnival rides, and food vendors. Owatonna Public Schools, including the highly rated Owatonna Senior High School, serve around 5,000 students and are recognized for their strong athletic programs. The local economy is bolstered by major employers like Viracon and Federated Insurance, contributing to the city's focus on manufacturing and insurance. Housing options range from entry-level homes to expansive estates, with new subdivisions developing on the outskirts. Residents enjoy shopping at name-brand grocers and local boutiques, and dining at family-owned eateries in Downtown Owatonna. The city is well-connected by U.S. Interstate 35 and the Southern Minnesota Area Rural Transit (SMART) bus system, with healthcare services provided by Owatonna Hospital. Crime rates in Owatonna are lower than the national average, making it a safer place to live.

Frequently Asked Questions

How much does it cost to rent a home in Owatonna, MN?
The median rent for a home in Owatonna, MN is $1,100 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes 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 $44,000 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 $1,100 per month in Owatonna, MN, renters typically need to show $3,300 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 21.5, 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.

Rental Home Trends in Owatonna, MN

Rental Home Trends

Number of Homes for Rent
23
Median Rent
$1,100
Median Single Family Home Rent
$1,285
Median Townhouse Rent
$750
Median Condo Rent
$1,050
How to Rent a Home