Median Age
40 Years
Largest Age Group
10-19 Years
Approximately 14% of Residents
Under 20
26%
Over 65
19%
Avg Rent
$1,218
Population
26,895
Renter Mix
28% Rent
Owatonna is a fairly small city located about 65 miles due south of Minneapolis on Interstate 35. Surrounded by mile of southern Minnesota farmlands, Owatonna has long served as a major economic and cultural hub for the region. The historic Downtown district overlooks the Straight River, with the beautifully-preserved vintage buildings lining the streets cultivating a timeless atmosphere.
The city’s landscape is loaded with parks of every shape and size, and the vast network of trails provides great opportunities to get around town on foot or by bicycle. Folks around the region know Owatonna as the home of the Steele County Free Fair, the largest event of its kind in the state and a summer tradition in town for generations.
Median Household Income
$74,043
Average: $89,365
Education
6,315
Residents Have a Degree
Job Market
13,957
Workers Employed
Median Age
40 Years
Largest Age Group
10-19 Years
Approximately 14% of Residents
Under 20
26%
Over 65
19%
Housing Distribution
Owatonna has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of April 2026, the average apartment rent in Owatonna, MN is $860 for a studio, $1,193 for one bedroom, $1,374 for two bedrooms, and $1,604 for three bedrooms. Apartment rent in Owatonna has increased by 4.5% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Owatonna, MN is for everyday living.
Somewhat Walkable
Walkability
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Public
Grades K-5
525 Students
Public
Grades K-5
593 Students
Public
Grades K-5
487 Students
Public
Grades PK-5
537 Students
Public
Grades K-12
Public
Grades 6-8
39 Students
Public
Grades 6-8
999 Students
Public
Grades 7-12
11 Students
Public
Grades K-12
Public
Grades 6-8
Public
Grades 9-12
1,475 Students
Public
Grades 9-12
Public
Grades 7-12
11 Students
Public
Grades 9-12
Public
Grades K-12
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.