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Apartments in Owatonna

1 - 11 of 11 Results
12
Call for Pricing
Parkview Heights
5.0
429 Saint Paul Pl Owatonna, MN
2 - 4 BR | Available Now
Contact
Income Restricted
Section 8
6
$780 - 1,130
Lincoln Square
435 - 16Th St. NE Owatonna, MN
1 - 3 BR | Ask for Availability
Contact
Heat Included
Dog Friendly
Cat Friendly
Income Restricted
Air Conditioning
15
$992 - 1,265
Lincoln Square Apartments
433 16Th St #117 Owatonna, MN
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
13
$995
Lee 109 Owatonna Studio's & 1 Bedrooms
109 E School St Owatonna, MN
1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
Downtown Owatonna
5
$995 - 1,495
1625 24th Ave NW
Owatonna, MN
Studio - 2 BR | Jul. 1, 2024
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Pool
10
$1,235
325 Florence Ave
Owatonna, MN
1 BR | Jul. 5, 2024
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Storage
Disability Access
3
$1,380
320 & 310 Allan Avenue
Owatonna, MN
2 BR | May. 1, 2024
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
2
$850 - 900
250 21st St N
Owatonna, MN
1 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Storage
Disability Access
1
$1,125
219 S Chambers Ave
Owatonna, MN
2 BR | Available Now
Contact
Air Conditioning
Surface Parking
Balcony/Deck/Patio
Storage
Disability Access
1
$1,325 - 1,365
1575 24th Ave NW
Owatonna, MN
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Fitness Center
Storage
Pool
$1,800
Broadway
146-148-BDW W Broadway Owatonna, MN
2 BR | Available Now
Contact
Furnished
Storage
Disability Access
Downtown Owatonna
1 - 11 of 11 Results
  1. Home
  2. Owatonna

How much does it cost to rent an apartment in Owatonna?

Owatonna Apartments
Bed Type Average Rent Range
Studio $1,000 $1,000 - $1,000
1BR $1,040 $780 - $1,240
2BR $1,380 $950 - $1,750
3BR $1,270 $1,130 - $1,270
Frequently Asked Questions

How many apartments are available in Owatonna, MN on Rentable.co?

Rentable.co has over 257 apartments available in Owatonna.

What is the average rent for a studio apartment in Owatonna, MN?

The average rent for a studio apartment in Owatonna is around $1,000 per month.

What is the average rent for a one-bedroom apartment in Owatonna, MN?

The average rent for a one-bedroom apartment in Owatonna is around $1,040 per month.

What is the average rent for a two-bedroom apartment in Owatonna, MN?

The average rent for a two-bedroom apartment in Owatonna is around $1,380 per month.

How expensive is it to rent an apartment in Owatonna, MN?

For a two-bedroom apartment in Owatonna, the average rent price is $1,380 per month, which is lower than the national average of $1,630 per month.

Can I afford an apartment for rent in Owatonna, MN?

Based on average rent prices in Owatonna, to afford a studio apartment you would need an annual household income of $40,000 to live comfortably.

Neighborhoods

Downtown Owatonna

Search Cities Near Owatonna, MN

Waseca, MN
Faribault, MN

Owatonna:
April Rent Report

Welcome to the April 2024 Owatonna Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 2024 key findings and figures for the Owatonna rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Owatonna and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Owatonna average rent prices in the chart below.

Monthly Rent Report

$1,350
$1,010
$680
$340
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Owatonna Rent Prices Decrease From March to April

Owatonna rent prices decreased over the last month. From March to April, the city experienced a -3.51% decrease for the price of a one-bedroom apartment. The rent price for a Owatonna one-bedroom apartments currently stands at $936.0.

When we take a look at the two-bedroom comparison from March to April, Owatonna experienced a 8.56% increase for the price of a two-bedroom apartment. The rent price for a Owatonna two-bedroom apartments currently stands at $1,268.0.

April Prices: Owatonna vs. Surrounding Areas

Rent Prices in Owatonna and Surrounding Areas

Rent prices have decreased in Owatonna over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Owatonna suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Owatonna suburbs

  • Rents did not decrease in any of the Owatonna suburbs.

April 2024 Pricing Trends: Owatonna vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
Median Rent

Owatonna Rent Prices More Affordable Than Major Cities

Rent growth in Owatonna over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Owatonna average rent prices appear to be relatively affordable for local residents.

The price for a Owatonna one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Owatonna and surrounding area rent prices, take a look at the complete data set below.

Data set for Owatonna and suburbs

1 BR April 1 BR M/M % Change 2 BR April 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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