Last updated on June 15, 2026

Average rent in
Owatonna, MN

Median rent

Median rent in Owatonna

$1,250/mo

decreased by3%

vs previous year

The average rent in Owatonna is $1,250 per month as of June 2026. This is 36% below the national average rent, or $700 less per month.

$1.49

average price per square foot

Total rentals

Available rentals in Owatonna

24

for rent on Zumper.com as of June 2026

Rent price distribution

Share of Owatonna rentals at each price point

80%60%40%20%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 increased by 5% over the last month and have decreased by 3% 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 $1,250, whereas a house costs $1,350. 1-bedroom apartments in Owatonna run $1,050 on average, while 2-bedroom apartments are $1,495.

Listings

Studio

$1,195

No Change

4%

1 bedroom

$1,075

5%

5%

2 bedroom

$1,495

5%

2%

3 bedroom

$1,575

5%

6%

Studio

Average rent

$1,195

Last 30 days

No Change

Last year

4%

1 bedroom

Average rent

$1,075

Last 30 days

5%

Last year

5%

2 bedroom

Average rent

$1,495

Last 30 days

5%

Last year

2%

3 bedroom

Average rent

$1,575

Last 30 days

5%

Last year

6%

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$1,250
decreased by36%

lower than the national median

Median rent price$1,889
decreased by3%

lower 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

North View Apartments - Photo 1 of 1

3d ago

8.3

Very good

North View Apartments

250 21st St Nw, Owatonna, MN 55060

2 beds

1 bath

$1,150–$1,200

Apartment for rent

218 21st St Nw #10 - Photo 1 of 1

4d ago

Apartment for rent in Owatonna

2 beds

1 bath

$1,200

Apartment for rent

722 15th St Se #722 - Photo 1 of 1

5d+ ago

Apartment for rent in Owatonna

722/724 15th St SE - 722

722 15th St Se #722, Owatonna, MN 55060

2 beds

1 bath

$1,200

Apartment for rent

Available Jun 10

Park Village Apartments - Photo 1 of 1

39m ago

7.7

Very good

Park Village Apartments

2250 N Cedar Ave, Owatonna, MN 55060

2 beds

1 bath

$1,220

Apartment for rent

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 $1,250 per month as of June 13, 2026.

Is rent up or down in Owatonna?

Average rent prices in Owatonna have increased by 5% over the last month and have decreased by 3% since last year.

How does Owatonna rent compare to the national average?

Rent in Owatonna is 36% below the national average, which means renters are paying approximately $700 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 $50,000/year, based on spending no more than 30% of your income on rent.

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

Owatonna's 2025 rental market shows one-bedroom apartments averaging around $1,000 per month, while two-bedroom units rent for approximately $1,500 monthly. Two-bedroom apartments make up the largest share of available rentals at 56% of the market, followed by one-bedroom units at 33%.

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).

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