Owen has been largely overlooked during Fabio Capello's reign as England coach and believes Redknapp is a likely candidate to succeed the Italian after Euro 2012.
"We've got a decent team, we've got a very good team," he said.
"Personally I would like an Englishman (as national coach) to be honest, I've always been of the opinion that not just as a manager, your physio, your coach, your players, your manager, everyone, that is what your national team is about.
"England national team and you've got a Spanish or Italian or a French coach walking around with an English tracksuit on - it doesn't feel right in many ways.
"Harry Redknapp has been touted a lot. You'd have to say him wouldn't you?"