3

Owatonna, MN Houses for Rent

Section Image
  • 306 State Ave, Owatonna, MN 55060
    306 State Ave, Owatonna, MN 55060
    306 State Ave, Owatonna, MN 55060
    /26

    $950 Plus Fees

    • 1 Bed
    • 1 Bath
    • 780 Sq Ft
    • House for Rent

    306 State Ave, Owatonna, MN 55060

    Listed by Renters Warehouse Mankato is this very nice all newly remodeled 1 bedroom 1 bath apt (3 unit building) with single detached garage, and available August 1st. $950 + electric. Owner pays gas, water/sewer/trash. Washer/dryer in shared laundry room in building. Sorry no pets/smoking in unit. Credit/background check required. Please contact Dawn with any questions, or to schedule a viewing

    306 State Ave, Owatonna, MN 55060
  • 703 E Academy St, Owatonna, MN 55060
    703 E Academy St, Owatonna, MN 55060
    703 E Academy St, Owatonna, MN 55060
    /12

    $2,000

    Total Monthly Price

    • 3 Beds
    • 2 Baths
    • 1,700 Sq Ft
    • 3+ Bedroom 2 Bath Single Family House in Owatonna

    703 E Academy St, Owatonna, MN 55060

    Very nice well cared for 3+ bedroom Rambler with 2-bath. This single-family home for Rent in Owatonna! Corner lot, yard and 2 stall detached garage. Central air, partially finished basement with a spacious second living room, lots of natural lighting, hardwood floors, With much more! Pet friendly.Utilities included in Rent: NoneUtilities paid by Resident: Gas, Electric, Water/Sewer,

    703 E Academy St, Owatonna, MN 55060
  • 223 Highland Ave, Owatonna, MN 55060
    223 Highland Ave, Owatonna, MN 55060
    223 Highland Ave, Owatonna, MN 55060
    /10

    $2,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,570 Sq Ft
    • Charming 3 Bedroom 1 Bath Home in Owatonna

    223 Highland Ave, Owatonna, MN 55060

    Charming 3 Bedroom 1 Bath Home in Owatonna — This inviting single-family home offers three spacious bedrooms, one full bathroom, and hardwood floors throughout. Located on a corner lot with a large yard, the property provides plenty of parking and is close to parks, schools (including an elementary school), and downtown Owatonna. Additional conveniences include central air and on-site

    223 Highland Ave, Owatonna, MN 55060
Minnesota Steele County

Houses for Rent in Owatonna, MN

Frequently Asked Questions

How much does it cost to rent a single-family home in Owatonna, MN?
The median rent for a single-family home in Owatonna, MN is $2,000 per month, though prices vary by neighborhood, size, and property type. As of July 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 $49,000 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 $1,225 per month in Owatonna, MN, renters typically need to show $3,675 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 19.4, 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

There are currently 3 single-family homes available for rent in Owatonna, MN. The median rent is $2,000 per month, with 3-bedroom houses renting at $2,000.

Rental Home Trends

Number of Houses for Rent
3
Median Single Family Home Rent
$2,000
Median 3 Bedroom Single Family Home Rent
$2,000
How to Rent a Home

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2026 CoStar Group