Owatonna, MN Houses for Rent

/18
$1,700

Total Monthly Price
- 3 Beds
- 2 Baths
- 1,986 Sq Ft
- House for Rent
436 Glendale St, Owatonna, MN 55060

3 Bedroom 2 Bathroom single family home for rent. Available May 2025 This single family home has 2 bedrooms and 1 bathroom upstairs. 1 bedroom and bathroom with laundry on main level. Recently remodeled home includes updated bathrooms, new carpet upstairs, refinished hard wood flooring on main level. Brand new kitchen with granite counter tops and stainless steel appliances. This property

436 Glendale St, Owatonna, MN 55060
Explore Owatonna
/18
$2,200

Total Monthly Price
- 3 Beds
- 2 Baths
- 1,839 Sq Ft
- House for Rent
1825 3rd Ave NE, Owatonna, MN 55060

3 bedroom 2 bathroom home with private fenced backyard. 1 bedroom and bath upstairs, 2 bedrooms and 1 bathroom downstairs. Attached 2 car garage.Employment verification required.Credit/background check required.

1825 3rd Ave NE, Owatonna, MN 55060
/10
$2,000

Total Monthly Price
- 4 Beds
- 2 Baths
- 2,500 Sq Ft
- House for Rent
747 Willowbrook St NE, Owatonna, MN 55060

Very clean split level with two bedrooms and Hollywood bath on upper level and two bedroom with bathroom on lower level. Newer appliances. Quiet neighborhood with deck on nice lawn.

747 Willowbrook St NE, Owatonna, MN 55060
/53
$2,300

Total Monthly Price
- 4 Beds
- 2.5 Baths
- 2,200 Sq Ft
- House for Rent
320 Jenny Ln, Owatonna, MN 55060

Totally remodeled, looking for a 6-month lease. We would like to list it for sale again in the spring.

320 Jenny Ln, Owatonna, MN 55060
/9
$1,700

Total Monthly Price
- 2 Beds
- 1 Bath
- 1,046 Sq Ft
- House for Rent
210 W Holly St, Owatonna, MN 55060

210 W Holly St, Owatonna, MN 55060
/17
$2,000 Plus Fees
- 4 Beds
- 2 Baths
- 1,500 Sq Ft
- House for Rent
134 W University St, Owatonna, MN 55060

Property Id: 2804121 Four bedroom two bathroom house in quiet neighborhood. Fenced in backyard. Garden shed and two raised flower beds. All new flooring and paint. Washer and dryer included. Pets accepted with extra deposit and monthly pet rent. Call Amanda for information or to schedule a tour: Requirements: 2.5x monthly income (60,000 per year) 600 credit score

134 W University St, Owatonna, MN 55060
/10
$1,850

Total Monthly Price
- 3 Beds
- 1 Bath
- 1,570 Sq Ft
- House for Rent
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

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 September 2026, condos tend to be the most affordable option while 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 $71,000 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 $1,775 per month in Owatonna, MN, renters typically need to show $5,325 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 13.1, 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.

Rental Home Trends in Owatonna, MN

There are currently 7 single-family homes available for rent in Owatonna, MN. The median rent is $2,000 per month, with 3-bedroom houses renting at $1,850 and 4-bedroom houses at $2,000.

Rental Home Trends

Number of Houses for Rent 7	Median Single Family Home Rent $2,000
Median 3 Bedroom Single Family Home Rent $1,850	Median 4 Bedroom Single Family Home Rent $2,000

How to Rent a Home

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