Studio Apartment Rent in Owatonna, MN
Median asking rent for a studio apartment in Owatonna, Minnesota as of October 2026. That's +32% lower than the citywide median of $1,081 and +43% below the national studio median of $1,290.
Income needed for a studio 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 studio at the current median rent.
Rent by apartment size in Owatonna
Compare Owatonna's median rent across every apartment size.
Cheapest cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Albert Lea | $640 |
| 2 | Winona | $700 |
| 3 | Moorhead | $710 |
| 4 | Austin | $720 |
| 5 | Owatonna (this page) | $730 |
| 6 | Bemidji | $800 |
| 7 | Duluth | $848 |
| 8 | Waite Park | $890 |
| 9 | Saint Cloud | $940 |
| 10 | Rochester | $1,010 |
| 11 | Mankato | $1,030 |
| 12 | Anoka | $1,050 |
| 13 | Buffalo | $1,060 |
| 14 | Northfield | $1,060 |
| 15 | South Saint Paul | $1,060 |
Most expensive cities for a studio in Minnesota
| # | City | Studio rent |
|---|---|---|
| 1 | Woodbury | $1,650 |
| 2 | Maple Grove | $1,600 |
| 3 | Eden Prairie | $1,570 |
| 4 | Lakeville | $1,550 |
| 5 | Cottage Grove | $1,540 |
| 6 | Edina | $1,520 |
| 7 | Blaine | $1,510 |
| 8 | Plymouth | $1,495 |
| 9 | Brooklyn Park | $1,495 |
| 10 | Savage | $1,470 |
| 11 | Rosemount | $1,470 |
| 12 | Minnetonka | $1,450 |
| 13 | Robbinsdale | $1,427 |
| 14 | Saint Louis Park | $1,385 |
| 15 | Vadnais Heights | $1,380 |
Nearby cities — studio rent
Considering nearby alternatives? 2 of these cities have cheaper studio rents than Owatonna.
| City | Distance | Studio rent | vs Owatonna |
|---|---|---|---|
| Albert Lea, MN | 28.3 mi | $640 | $-90 (-12%) |
| Northfield, MN | 28.6 mi | $1,060 | +$330 (+45%) |
| Austin, MN | 30.6 mi | $720 | $-10 (-1%) |
| Lakeville, MN | 40.4 mi | $1,550 | +$820 (+112%) |
| Prior Lake, MN | 45 mi | $1,240 | +$510 (+70%) |
| Apple Valley, MN | 47 mi | $1,380 | +$650 (+89%) |
| Rosemount, MN | 48 mi | $1,470 | +$740 (+101%) |
| Burnsville, MN | 48.2 mi | $1,330 | +$600 (+82%) |
| Savage, MN | 49.2 mi | $1,470 | +$740 (+101%) |
| Shakopee, MN | 52 mi | $1,310 | +$580 (+79%) |
| Mankato, MN | 52.3 mi | $1,030 | +$300 (+41%) |
| Eagan, MN | 52.7 mi | $1,320 | +$590 (+81%) |
Studio rent in Owatonna — common questions
How much is a studio apartment in Owatonna?
As of October 2026, the median studio apartment rent in Owatonna, Minnesota is $730 per month. This is +32% below the citywide median of $1,081.
What income do you need to afford a studio in Owatonna?
Using the standard 30% rent-to-income rule, you would need an annual income of about $29,200 ($2,433/month gross), which works out to roughly $14.04/hour at a full-time job.
Is Owatonna expensive for a studio compared to the rest of the US?
Owatonna's studio median of $730 is +43% below the national studio median of $1,290. It ranks in the 4th percentile of US cities tracked.
How does Owatonna rank for studio rent in Minnesota?
Among the 64 cities in Minnesota with studio data, Owatonna ranks #5 from cheapest to most expensive.
Are there cheaper studio options near Owatonna?
Yes — nearby cities with cheaper studio rents include Albert Lea ($640), Austin ($720).