2-Bedroom Apartment Rent in Owatonna, MN
Median asking rent for a 2-bedroom apartment in Owatonna, Minnesota as of July 2026. That's +12% lower than the citywide median of $1,183 and +37% below the national 2-bedroom median of $1,655.
Income needed for a 2-bedroom in Owatonna
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a 2-bedroom at the current median rent.
Rent by apartment size in Owatonna
Compare Owatonna's median rent across every apartment size.
Cheapest cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Winona | $950 |
| 2 | Moorhead | $1,040 |
| 3 | Owatonna (this page) | $1,040 |
| 4 | Austin | $1,050 |
| 5 | Bemidji | $1,090 |
| 6 | Waite Park | $1,200 |
| 7 | Duluth | $1,236 |
| 8 | Mankato | $1,250 |
| 9 | Saint Cloud | $1,273 |
| 10 | Victoria | $1,273 |
| 11 | Rochester | $1,368 |
| 12 | Anoka | $1,401 |
| 13 | Northfield | $1,460 |
| 14 | South Saint Paul | $1,460 |
| 15 | Saint Michael | $1,490 |
Most expensive cities for a 2-bedroom in Minnesota
| # | City | 2-Bedroom rent |
|---|---|---|
| 1 | Woodbury | $2,280 |
| 2 | Maple Grove | $2,205 |
| 3 | Eden Prairie | $2,170 |
| 4 | Lakeville | $2,140 |
| 5 | Cottage Grove | $2,130 |
| 6 | Edina | $2,100 |
| 7 | Blaine | $2,085 |
| 8 | Brooklyn Park | $2,065 |
| 9 | Plymouth | $2,063 |
| 10 | Savage | $2,030 |
| 11 | Rosemount | $2,030 |
| 12 | Minnetonka | $2,000 |
| 13 | Wayzata | $1,924 |
| 14 | Saint Louis Park | $1,910 |
| 15 | Apple Valley | $1,910 |
Nearby cities — 2-bedroom rent
Most nearby cities have similar or higher 2-bedroom rents than Owatonna.
| City | Distance | 2-Bedroom rent | vs Owatonna |
|---|---|---|---|
| Northfield, MN | 28.6 mi | $1,460 | +$420 (+40%) |
| Austin, MN | 30.6 mi | $1,050 | +$10 (+1%) |
| Lakeville, MN | 40.4 mi | $2,140 | +$1,100 (+106%) |
| Prior Lake, MN | 45 mi | $1,710 | +$670 (+64%) |
| Apple Valley, MN | 47 mi | $1,910 | +$870 (+84%) |
| Rosemount, MN | 48 mi | $2,030 | +$990 (+95%) |
| Burnsville, MN | 48.2 mi | $1,835 | +$795 (+76%) |
| Savage, MN | 49.2 mi | $2,030 | +$990 (+95%) |
| Shakopee, MN | 52 mi | $1,810 | +$770 (+74%) |
| Mankato, MN | 52.3 mi | $1,250 | +$210 (+20%) |
| Eagan, MN | 52.7 mi | $1,820 | +$780 (+75%) |
| Rochester, MN | 53 mi | $1,368 | +$328 (+32%) |
2-Bedroom rent in Owatonna — common questions
How much is a 2-bedroom apartment in Owatonna?
As of July 2026, the median 2-bedroom apartment rent in Owatonna, Minnesota is $1,040 per month. This is +12% below the citywide median of $1,183.
What income do you need to afford a 2-bedroom in Owatonna?
Using the standard 30% rent-to-income rule, you would need an annual income of about $41,600 ($3,467/month gross), which works out to roughly $20.00/hour at a full-time job.
Is Owatonna expensive for a 2-bedroom compared to the rest of the US?
Owatonna's 2-bedroom median of $1,040 is +37% below the national 2-bedroom median of $1,655. It ranks in the 8th percentile of US cities tracked.
How does Owatonna rank for 2-bedroom rent in Minnesota?
Among the 65 cities in Minnesota with 2-bedroom data, Owatonna ranks #3 from cheapest to most expensive.
Are there cheaper 2-bedroom options near Owatonna?
Most nearby cities have similar or higher 2-bedroom rents than Owatonna.