MN landlord resources
Owatonna rental market
Rental-market planning in Owatonna, Minnesota, with state-law references and operating examples.
Dataset review pending. These supplied references have not been independently verified. Educational information only, not legal, tax or financial advice.
The local rental snapshot
Supplied Zillow Observed Rent Index, 2026-09-30. ZORI describes typical asking rent in its sample, not the rent or income of your property.
- Typical monthly rent
- $1,081
- Metro
- Owatonna, MN
- County in dataset
- Steele County
The comparison figure is $1,672. It is the median of the supplied city ZORI figures within Minnesota, not a statewide household-rent statistic. This location is 35.3% below that comparison.
Operating examples at this rent
- Annual gross, 12 paid months
- $12,972
- One vacant week, annualized
- $249
- Example 3× income threshold
- $3,243
These are calculations, not forecasts or client results. Gross rent excludes vacancy, repairs, taxes, insurance, financing and management. The income threshold is an illustrative policy, not a legal requirement or recommendation. Review local screening restrictions and fair housing obligations before using it.
Deposit limits and notice periods below come from the Minnesota dataset, not independent Owatonna ordinances. A rental in this market may be subject to additional municipal rules or exceptions. Confirm the exact address and applicable jurisdiction with the relevant office.
Minnesota: Security deposits
No statutory cap on the deposit amount (Minn. Stat. 504B.178).
Deposit must bear simple noncompounded interest at 1% per annum (Minn. Stat. 504B.178, subd. 2).
The uploaded dataset lists a deposit-return period of 21 days. Review the cited rule for the applicable conditions and timing.
Minnesota: Notices and tenancy endings
14-day written notice before filing an eviction for nonpayment; tenant may cure by paying in full within 14 days (Minn. Stat. 504B.321, subd. 1a; eff. Jan 1 2024).
Termination of a tenancy at will: notice at least as long as the rent interval or three months, whichever is less (Minn. Stat. 504B.135) , no single fixed day count.
Court listed in the supplied dataset: District Court (Housing Court division in Hennepin and Ramsey Counties).
Minnesota: Rent regulation
No statewide rent control; Minn. Stat. 471.9996 bars local rent control unless approved by voters (some cities, e.g., St. Paul, enacted it that way).
Minnesota: Licensing and registration
No statewide residential rental license; many Minnesota cities require a local rental license.
Minnesota: Lease disclosures and receipts
Lead paint (federal, pre-1978)
Landlord must inform tenants the AG's landlord-tenant handbook is available (Minn. Stat. 504B.181, subd. 2(b))
Written receipt required for any rent/payment made in cash , immediately if in person, within three business days otherwise (Minn. Stat. 504B.118).
Sources supplied for Minnesota
Dates below are verification dates claimed in the uploaded dataset, not a new review by Calvin's team.
- Minn. Stat. 504B.178 (1% interest; 21-day return; no cap)
Dataset verification date: 2026-11-06
- Minn. Stat. 504B.321 (14-day nonpayment notice)
Dataset verification date: 2026-11-06
- Minn. Stat. 504B.135 (termination of tenancy at will)
Dataset verification date: 2026-11-06
- Minn. Stat. 471.9996 (rent control preemption)
Dataset verification date: 2026-11-06
- Minn. Stat. 504B.118 (cash rent receipt)
Dataset verification date: 2026-11-06
- Zillow research data, supplied observation 2026-09-30
Offices listed in the dataset
- Minnesota Attorney General - Landlords and Tenantsstate attorney general
- Minnesota Judicial Branchstate court system
- Minnesota Office of the Revisor of Statutesstate legislature