Rentometer, Inc. | Data as of 10/22/2025
Owatonna’s rental market offers a balanced mix of apartments and single‑family homes, catering to a broad spectrum of renters looking for comfort and convenience in southern Minnesota. Prospective tenants can find studio apartments typically priced in the $1100s, while one‑bedroom units often sit in the $1200 range. Larger two‑bedroom apartments are generally available in the $1500 range, providing ample space for families or roommates seeking a vibrant community setting.
The city’s historic downtown is a focal point for culture and commerce, featuring charming brick streets, boutique shops, and a variety of dining options that attract both residents and visitors. Neighborhoods such as the River Valley and East Side blend historic character with modern amenities, offering easy access to parks like Green Lakes State Park and the Owatonna Nature Preserve. Proximity to schools, medical facilities, and the Owatonna Community Center makes the area especially appealing for professionals, students, and growing families.
With its friendly small‑town atmosphere, strong local economy, and well‑maintained rental inventory, Owatonna stands out as an attractive destination for renters seeking quality housing in Minnesota. Whether you are drawn to the convenience of downtown living or the tranquility of suburban streets, Owatonna’s diverse rental options and vibrant community life provide a welcoming environment for every lifestyle.
| 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 | $1,174 | $1,210 | $900 - $1,375 | $1,100 - $1,285 |
| Apartment | 2 Bedroom | $1,587 | $1,465 | $1,095 - $2,550 | $1,400 - $1,620 |
In the current period, the average rent in Owatonna was
$1,103 for Studio,
$1,179 for 1 Bedroom, and
$1,563 for 2 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.