
Cheap Homes for Rent in Petosky-Otsego Neighborhood of Detroit, MI from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Petosky-Otsego area of Detroit.


12019 Stoepel St

3296 Calvert St, Unit Upper unity 2#

9787-9789 Chenlot St, Unit 1

3786 Carter St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2302 Hazelwood St, Unit 1

1929 Calvert Ave

2986 Richton St

3226 Calvert Ave

3295 Monterey St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

3226 Carter St, Unit Upper (3228)

3250 Webb St

3322 Webb St

2925 Calvert St

3012 Lothrop, Unit 3012 Lothrop
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Petosky-Otsego, Detroit, MI Local Guide

How much does it cost to rent a home in Petosky-Otsego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Petosky-Otsego 2 Bedroom Homes for Rent | $1,258 | $1,200 | $1,375 |
| Petosky-Otsego 3 Bedroom Homes for Rent | $1,335 | $1,000 | $1,800 |
| Petosky-Otsego 4 Bedroom Homes for Rent | $1,860 | $1,350 | $2,700 |
| Petosky-Otsego 5 Bedroom Homes for Rent | $1,883 | $1,650 | $2,200 |
| Petosky-Otsego 6 Bedroom Homes for Rent | $2,250 | $2,000 | $2,500 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 1 mile radius of the Petosky-Otsego Neighborhood of Detroit, MI.
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Petosky-Otsego, Detroit, MI Local Guide
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Cheapest Available Petosky-Otsego Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 2023 Tuxedo St | Studio | Studio,1BA | $595 |
| 2509 Gladstone St | single family home | 6BR,3BA | $2,900 |
Best Value Apartments for Rent in Petosky-Otsego, MI
As of June 17, 2026 the best value apartment in the Petosky-Otsego area is the $0.96 price per square foot single family home Model at 2509 Gladstone St in the in the Midtown Detroit neighborhood starting from $2,900. The second greatest value Petosky-Otsego apartment is the 3284 Northwestern St Model at 3284 Northwestern St, Unit 2 starting at $1,275 with a $1.02 price per square foot in the Midtown Detroit neighborhood. Here is today’s list of the best values for Petosky-Otsego apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2509 Gladstone St | single family home | 6BR,3BA | $0.96 |
| 3284 Northwestern St, Unit 2 | 3284 Northwestern St | 4BR,1BA | $1.02 |
| 2920 Columbus St, Unit 2W | 2920 Columbus St | 1BR,1BA | $1.00 |
| 2929 Blaine St, Unit 2928 | 2929 Blaine St | 2BR,1BA | $1.07 |
| 2023 Tuxedo St | 1 Bedroom | 1BR,1BA | $1.22 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Best Detroit Area Neighborhoods for Off-Campus Housing Renters
A Local Expert's guide to the Best Student Friendly Neighborhoods Near Colleges in the Detroit area for Off-Campus Student Housing. Find your perfect Detroit Student apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePetosky-Otsego, Detroit, MI
Ranked #122
Among cities in Michigan for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Petosky-Otsego
What type of rentals are currently available in Petosky-Otsego?
There are currently 91 Apartments for Rent in Petosky-Otsego, MI with pricing that ranges from $475 to $2,900. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Petosky-Otsego ranging from $525 to $2,700.
What is the current price range for Rental Homes in Petosky-Otsego?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Petosky-Otsego ranges from $525 to $2,700 with an average monthly rent of $1,518.
How much are larger Three and Four Bedroom Rentals in Petosky-Otsego?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Petosky-Otsego range from $1,100 to $1,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $1,800. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,275.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Detroit Local Expert’s Guide to the 10 Best Budget-Friendly Neighborhoods to Rent
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s.

The Best Detroit Area Neighborhoods for Off-Campus Housing Renters
Written by: Tim Brown
Detroit is an exciting and vibrant city with many educational and employment opportunities, and many neighborhoods to choose from while attending school.

The Detroit Insiders Renting Guide: A Locals Look Under the Hood of Motown
Written by: Tim Brown
I'm Tim, your ApartmentHomeLiving.com Local Expert for Detroit, Michigan. My family and I have lived in metro Detroit since the late 1990s and have witnessed the city and its surrounding metro area undergo a renaissance.

Relocate to Detroit: Top Neighborhoods and Apartment Options Near Major Area Employers
Written by: Tim Brown
The auto industry remains the largest employment sector in the Motor City and surrounding communities, though the metro area has a significant presence in other sectors, including medical and financial services.
Articles, How-To's, and Tips

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.