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1 Bed - $965-
2 Beds - $1,200+41%
Last updated 12/6/2022

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Overview of Owatonna

Slightly more than an hour south of the Twin Cities, Owatonna provides an active business environment in the midst of rural Minnesota. With iconic architecture and a wide range of things to do, Owatonna makes the most of its small town character.

People looking for apartments for rent in Owatonna will appreciate the variety of activities in this bustling, historic town, regardless of their varied interests.

Living in Owatonna, MN

According to local mythology, Owatonna is named for the Native American Princess Owatonna, who found restorative power in the spring water of Maple Creek. Princess Owatonna is remembered today by a statue at Mineral Springs Park, although the real story is more likely due to the original name for the Straight River, Ouitunya. Today, the "Jewel of the Prairie" is a thriving city on the banks of that river, serving as the Steele County seat and popular business destination.

Home to slightly more than 25,000 residents, Owatonna offers a pleasant environment with plenty of conveniences. Residents of Owatonna apartments will appreciate the area's extensive parkland and athletic facilities, as well as the large range of historical heritage and exciting cultural activities.

Owatonna Work and Study

Riverland Community College provides Owatonna students with a wide range of programs and state-of-the-art learning facilities at the Owatonna College and University Center.

Owatonna's largely agricultural roots are supplemented by a diverse range of businesses that include several major industrial, financial and service companies. Glass manufacturer Viracon, the city's largest employer, is headquartered in Owatonna, as are Federated Mutual Insurance, window hardware wholesaler Truth Hardware, tool company SPX, musical equipment manufacturer Wenger and school memorabilia company Josten's. The expansive local Cabela's, an outdoor gear retail supply store, is also a major source of jobs.

Rentals in Owatonna, MN and Cost of Living

Owatonna is not particularly oriented toward renters, and only around one quarter of residents choose to rent. However, the rural environment and limited competition keep prices low, so it's not hard to find a place at a great price.

U.S. Census Bureau data showed the median gross rent from 2008 to 2010 was $633. Additional research found one bedroom apartments renting for between $440 and $590 per month.

Owatonna Attractions and Special Events

Owatonna's varied history has left a number of fascinating landmarks, and residents can learn about the past at many destinations around town. The Wells Fargo Bank building, formerly the National Farmers Bank, was designed by noted architect Louis Sullivan and dates back to 1906, while the stunning Owatonna Arts Center building, which hosts a range of art installations and performances, was built in 1886 as the Minnesota State Orphanage. Today the orphanage is remembered in the exhibits at the State Orphanage Museum.

Other historic landmarks include the Village of YesterYear, which features historic buildings and a caboose dating back to the 1850s and is housed on the Steele County Fairgrounds. In addition to the history display, the annual Steele County Fair draws visitors to Owatonna every year for competitions and carnival fun.

The outdoors are a major draw to living in Owatonna, and residents can enjoy the city's extensive parkland for walking, biking and playing sports. Nearby lakes and wildlife management areas provide great resources for hunting and fishing enthusiasts, who can stock up at the Owatonna Cabela's. The retail outpost is the largest outdoor gear store in the Midwest and also features an educational center and guided tours.

If you are looking for an apartment for rent or a house rental in Owatonna, Minn., search for rental properties at Rent.com®.

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