Last updated on September 13, 2026

Average rent in
Owatonna, MN

Median rent

Median rent in Owatonna

$1,297/mo

increased by15%

vs previous year

The average rent in Owatonna is $1,297 per month as of September 2026. This is 32% below the national average rent, or $602 less per month.

$1.55

average price per square foot

Total rentals

Available rentals in Owatonna

27

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Owatonna rentals at each price point

75%56%38%19%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Owatonna, MN

Average rent prices in Owatonna have remained the same over the last month and have increased by 15% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Owatonna, MN

Rent prices in Owatonna vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Owatonna is $1,292, whereas a house costs $1,997. 1-bedroom apartments in Owatonna run $1,210 on average, while 2-bedroom apartments are $1,430.

Listings

Studio

$1,250

16%

11%

1 bedroom

$1,180

No Change

15%

2 bedroom

$1,372

2%

4%

3 bedroom

$1,800

1%

-

4 bedroom

$2,350

No Change

-

Studio

Average rent

$1,250

Last 30 days

16%

Last year

11%

1 bedroom

Average rent

$1,180

Last 30 days

No Change

Last year

15%

2 bedroom

Average rent

$1,372

Last 30 days

2%

Last year

4%

3 bedroom

Average rent

$1,800

Last 30 days

1%

4 bedroom

Average rent

$2,350

The table above reflects average rent prices in Owatonna, MN, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Owatonna, MN compare to other cities?

Compare median rent prices in Owatonna and Apple Valley by all bedroom counts and property types.

Owatonna

Median rent price$1,297
decreased by32%

lower than the national median

Median rent price$1,970
increased by4%

higher than the national median

Takeaway

The median rent for all rentals in Owatonna, MN is 34% lower than the median rent in Apple Valley, MN.

Discover rentals in Owatonna, MN

112 21st St Nw #11 - Photo 1 of 1

3d ago

Apartment for rent in Owatonna

2 beds

1 bath

$1,025

Chambers Apartments - Photo 1 of 1

5d+ ago

7.8

Very good

Chambers Apartments

219 S Chambers Ave, Owatonna, MN 55060

2 beds

1 bath

$1,075–$1,125

Summit Manor Apartments - Photo 1 of 1

5d+ ago

8.3

Very good

Summit Manor Apartments

166 22nd St Nw, Owatonna, MN 55060

2 beds

1 bath

$1,100–$1,250

218 21st St Nw #5 - Photo 1 of 1

5d+ ago

Apartment for rent in Owatonna

2 beds

1 bath

$1,100

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Owatonna, MN

Quick answers to common questions about the Owatonna rental market.

How much is rent in Owatonna?

The average rent in Owatonna is $1,297 per month as of September 12, 2026.

Is rent up or down in Owatonna?

Average rent prices in Owatonna have remained the same over the last month and have increased by 15% since last year.

How does Owatonna rent compare to the national average?

Rent in Owatonna is 32% below the national average, which means renters are paying approximately $602 less per month.

What salary do I need to afford rent in Owatonna?

To comfortably afford rent in Owatonna, you'd need to earn approximately $52,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Owatonna?

January offers the best rental deals in Owatonna, with rents running about 13% lower than December's peak prices. If you're flexible with timing, searching in January could save you money compared to the winter high season.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Austin