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Viewing 1-16 of 16 rentals in Owatonna
What to Know About
Life in Owatonna & Beyond
Owatonna shares many of the great qualities that make Minnesota a desirable place to live.
Minnesota, known as the "Land of 10,000 Lakes", boasts breathtaking landscapes and a thriving arts and cultural community that enchants you. Immerse yourself in Minnesota's roots and history through the City Museum and the Science Museum of Minnesota, or invest in your education through the University of Minnesota, St. Cloud State University, and Minnesota State University, Mankato. In addition, residents can enjoy a vibrant arts and cultural scene in the Twin Cities of Minneapolis and St. Paul, including the famous Walker Art Center and the Minnesota Orchestra, providing a wealth of entertainment options.
Sports enthusiasts can enjoy cheering on professional teams such as the Minnesota Vikings (NFL), Minnesota Twins (MLB), and Minnesota Timberwolves (NBA), providing ample opportunities for excitement. Explore famous attractions like the Mall of America, the James J. Hill House, and the historic town of Duluth, each providing a unique glimpse into Minnesota's history and culture. In addition, the state offers many outdoor recreation opportunities, from boating and fishing in its 10,000 lakes to skiing in the Minnesota River Valley.
Minnesota offers a unique blend of natural beauty, quality of life, and affordability, making it a great place to call home.
Rental Market Trends
Owatonna, MN
As of May 2025, Owatonna's rental market is stable, offering a predictable rental market where most units lease within a few weeks. Owatonna's average rent is 6.4% ($93) lower than the Minnesota average of $1,457 and 23.9% ($429) lower than the U.S. average of $1,793.
Average Rent
$1,364
Monthly ChangeMonth Over Month Change
0.6% ($8)
Yearly ChangeYear Over Year Change
11% ($135)
Avg. Days on MarketAverage Days on Market
42
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,079 | 17% ($157) | 4.4% ($45) |
| 2 Beds | $1,433 | 0.2% ($3) | 2.9% ($40) |
| 3 Beds | $1,662 | 0.8% ($13) | 2.8% ($45) |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Owatonna Rental Market FAQs
Explore rental prices, market trends, and availability in Owatonna, MN.
The average rent in Owatonna, MN is $1,364 per month.
Apartments in Owatonna typically rent for between $755 and $2,161 per month, with an average of $1,364 per month.
In Owatonna, the average rent for a 1-bedroom apartment is $1,079 per month, for a 2-bedroom apartment, $1,433 per month, and a 3-bedroom apartment is $1,662 per month.
The average rent in Owatonna is 23.9% ($429) lower than the national average of $1,793 per month.
The average rent in Owatonna has increased by 0.6% ($8) in the last month and increased by 11.0% ($135) over the past year.
The rental market in Owatonna, MN, is currently stable, offering a predictable rental market where most units lease within a few weeks.
In Owatonna, MN, the average rental stays on the market for approximately 42 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 17 rental properties available in Owatonna, MN.
Based on the current averages, a household would need an annual income of $57,320 to comfortably afford a 2-bedroom apartment in Owatonna.
