Rentometer, Inc. | Data as of 10/22/2025
Steele County, Minnesota offers a balanced rental market that blends the charm of small‑town living with convenient access to the Twin Cities region. Prospective renters can choose from a variety of housing options, including well‑maintained single‑family homes and a diverse array of apartment communities scattered throughout historic towns such as Owatonna, the county seat. Residents enjoy close proximity to local attractions like the historic Steele County Courthouse, the scenic Maple River, and a network of parks and trails that highlight the area’s natural beauty, making it an inviting setting for families, professionals, and students alike.
Apartment seekers will find an appealing range of floor plans to suit different lifestyles. Studio units typically rent in the $1100s, while one‑bedroom apartments are commonly found in the $1100–$1200 bracket. Those needing more space can look to two‑bedroom units that generally fall within the $1500 range, and three‑bedroom apartments often command rents in the $1600s. This variety reflects a market that accommodates both entry‑level renters and larger households seeking comfortable, affordable living spaces.
Beyond the rental options, Steele County’s strong sense of community, reputable schools, and growing local businesses contribute to its reputation as a desirable place to call home. Easy access to major highways and public transportation links ensures commuters can reach employment centers while still enjoying a relaxed, suburban atmosphere. Whether you’re attracted by the region’s historic landmarks, outdoor recreation opportunities, or the friendly neighborhood vibe, Steele County’s rental market provides a solid foundation for a rewarding living experience.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,103 | $1,125 | $1,050 - $1,135 | $1,050 - $1,135 |
| Apartment | 1 Bedroom | $1,163 | $1,202 | $900 - $1,375 | $1,100 - $1,285 |
| Apartment | 2 Bedroom | $1,587 | $1,465 | $1,095 - $2,550 | $1,400 - $1,620 |
| Apartment | 3 Bedroom | $1,673 | $1,625 | $1,500 - $1,895 | $1,500 - $1,895 |
In the current period, the average rent in Steele was
$1,103 for Studio,
$1,169 for 1 Bedroom,
$1,563 for 2 Bedroom, and
$2,055 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.