Rent by ZIP · Steele County
Rent in Owatonna, MN 55060
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,250 (+8.7% vs FY2026). Renters in this ZIP code pay a median $1,069 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $870 | $790 | +10.1% | $783–957 | $1,197 ±$133 |
| 1 bedroom | $960 | $880 | +9.1% | $864–1,056 | $770 ±$75 |
| 2 bedrooms | $1,250 | $1,150 | +8.7% | $1,125–1,375 | $1,128 ±$79 |
| 3 bedrooms | $1,710 | $1,560 | +9.6% | $1,539–1,881 | $1,532 ±$187 |
| 4 bedrooms | $1,820 | $1,830 | -0.5% | $1,638–2,002 | $1,379 ±$171 |
Small Area FMRs for the Steele County, MN. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.
Area-wide FMR for Steele County, MN, 2 bedrooms: $1,244.
What renters pay in 55060
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 55057 | Northfield | $1,540 | $1,171 |
| 55063 | Pine City | $1,010 | $736 |
| 55056 | North Branch | $1,540 | $1,131 |
| 55055 | Newport | $1,540 | $1,188 |
| 55065 | Randolph | $1,910 | $1,104 |
| 55054 | Elko New Market | $2,530 | – |
Fair Market Rents across Steele County, MN · All MN counties · What is Fair Market Rent?
Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.