Zumper
modified
Updated 3 Days Ago

Highlights

  • Pet Friendly
  • Stainless steel appliances
  • Luxury vinyl plank floors
  • Washer and dryer provided
  • Gorgeous bathrooms

Location

118 Franklin Ave, Owatonna, MN 55060, USA

Tour 118 Franklin Ave

Contact

Complete Property Managers, LLC

(507) 379-6519

Property Overview

118 Franklin Ave in Owatonna offers a balanced mix of practical advantages and appealing features. It may suit buyers looking for a home with convenient living potential, with qualities that stand out in its setting and overall character.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Elementary school nearby
  • Less expensive
  • Images Available

Great for

  • Pet owners

Amenities for 118 Franklin Ave

Appliances

In-Unit Laundry

Community

Cats OKDogs OK

Grounds

Garage Parking

Services

On-Site Management
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months

About 118 Franklin Ave

HomeHouses in Owatonna 118 Franklin Ave, Owatonna, MN 55060, USA

Beautifully remodeled 3 bedroom, 1 bath home with an attached garage! There was almost no expense spared during the remodel process. This unit features stainless steel appliances, new HVAC and water heater, luxury vinyl plank floors, modern lighting and paint and gorgeous bathrooms. This is a very rare home and we don't expect it to last long. The tenant is responsible for water/sewer, gas and electric. The washer and dryer are provided as a convenience. Should either unit stop working, the tenant will be responsible for repairs or replacement. The owner is leaving them there as a courtesy. The owner is willing to consider a contract-for-deed purchase (owner financing) to a qualified buyer with a 10% down payment. Price and terms to be negotiated. The security deposit is $2350. Applicants must pass a criminal and credit background check with no evictions. The background check fee is $35 per adult. Pets are Ok with a $250 additional security deposit and a $50/mo pet fee. Dogs must have updated vaccination records and must be licensed in the city of the property. For more information, showing scheduling and applications please click the link or copy the following URL in your browser; https app tenantturner com listings completepropertymanagersllc You can also call 507-379-6519 to get more info.


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 118 Franklin Ave compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.4 miles away
Less expensive
The 3-bedrooms are cheaper than other similar listings nearby
Images Available
There are at least 10 photos of this property

Considerations

Greater distance from middle schools
The nearest middle school is farther than 1.4 miles away
Distance from grocery stores
The nearest grocery store is 4.0 miles away
Grow a garden indoors
A balcony, backyard, or shared outdoor space isn't available

Address details

Zip code55060
TypeHouse for rent

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Rent trends in Owatonna

3-bedroom apartments at 118 Franklin Ave cost about 2% less than the average rent price for 3-bedroom apartments in Owatonna.

Median rents as of Oct 17 2026.
Owatonna
A table of 3-bedroom apartment rental data trends in Owatonna
MonthMedian Rent
November 2024$1,795
December 2024$1,847
January 2025$1,785
February 2025$1,785
June 2025$1,800
May 2026$1,395
July 2026$2,000
August 2026$1,895
October 2026$1,600

Affordability calculator

Can I afford to live at 118 Franklin Ave?

Bedrooms

3 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$63,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $63,000 annually to afford this 3-bedrooms monthly rent price of $1,575.
For more information on rent affordability, visit our rent calculator.

Schools near 118 Franklin Ave

Wilson Elementary School

325 meadow ln

owatonna, MN, 55060

PK, K-5Public
B-

Owatonna Early Childhood Special Education

338 main st e

owatonna, MN, 55060

PKPublic

Owatonna Online K-5

1050 22nd st ne

owatonna, MN, 55060

K-5Public
B

Waseca Early Childhood

501 elm ave e

waseca, MN, 56093

PKPublic

Alexander Learning Academy

200 western ave nw suite a

faribault, MN, 55021

K-12Public
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Getting around Owatonna near 118 Franklin Ave

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 118 Franklin Ave, Owatonna

Groceries

8/10
Wide variety of groceries within a few minutes' walk

Shopping

6/10
Wide variety of shops within a short drive, including some within walking distance

Cafes

5/10
Variety of cafés within a short drive

Restaurants

6/10
Wide variety of restaurants within a short drive, including some within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Nightlife

6/10
Variety of bars within a short drive

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