
Cheap Homes for Rent in Otego, NY from $500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Otego.


19 Edwards St

171.5 Murray St

4 Edwards St

2 Chapel Pl

73 Leroy 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.

16 North St

109 Chestnut St

9 Hill Pl, Unit 9 Hill

61 Leroy St

76 Front St

93 Chestnut 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.

38 Silver St

82 Second St

677 Jackson St

30 Griswold St

43-45-45 N Broad St

122 E Main St
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.

40 Oak St

7 Denman Mountain Rd
Otego, NY Local Guide

How much does it cost to rent a home in Otego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otego 2 Bedroom Homes for Rent | $1,775 | $950 | $2,800 |
| Otego 3 Bedroom Homes for Rent | $2,178 | $700 | $5,000 |
| Otego 4 Bedroom Homes for Rent | $1,970 | $750 | $3,250 |
| Otego 5 Bedroom Homes for Rent | $3,875 | $750 | $7,000 |
| Otego 6 Bedroom Homes for Rent | $725 | $700 | $775 |
| Otego 7 Bedroom Homes for Rent | $600 | $600 | $600 |
Browse Top Homes for Rent in Otego
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Otego, NY Local Guide
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Cheapest Available Otego Apartments for Rent and Nearby
 The cheapest available apartment rental in Otego, NY is a 1 Bed unit found at Anthos at Kirkwood priced from $895. 4 Livingston St in the Southside West Binghamton neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Otego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Anthos at Kirkwood | Kirkwood 2 - 1BDR (Lower & Middle Floors) | 1BR,1BA | $895 |
| 4 Livingston St | 1 Bd/ 1 Ba | 1BR,1BA | $1,100 |
| 198 Court St | 2x1 - Fully Furnished | 2BR,1BA | $1,250 |
| Chenango Courtyard | 2 Bedroom | 2BR,1BA | $1,395 |
| Carriage Garden Apartments | 1 Bed 1 Bath + Balcony | 1BR,1BA | $1,520 |
Best Value Apartments for Rent in Otego, NY and Nearby
As of July 02, 2026 the best value apartment in the Otego area is the $1.81 price per square foot The Lofts Model at The Lofts at Cazenovia Market in the in the Madison County neighborhood starting from $2,250. The second greatest value Otego apartment is the 4 Bedroom 2 Bath Model at 255 Main Street starting at $750 with a $0.61 price per square foot in the East Choconut Center neighborhood. Here is today’s list of the best values for Otego apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Lofts at Cazenovia Market | The Lofts | 2BR,2BA | $1.81 |
| 255 Main Street | 4 Bedroom 2 Bath | 4BR,2BA | $0.61 |
| 207 Main St | 4 bed | 4BR,1BA | $1.33 |
| Carriage Garden Apartments | 2 Bed 1.5 Bath + Balcony | 2BR,1.5BA | $1.78 |
| 50 Front | A3 | 1BR,1BA | $2.70 |
| 198 Court St | 2x1 - Fully Furnished | 2BR,1BA | $1.56 |
| 11 West St - Student Only Housing | 1 Bedroom (in a 4 Bedroom unit) | 1BR,1BA | $1.04 |
| Anthos at Kirkwood | Kirkwood 2 - 1BDR (Lower & Middle Floors) | 1BR,1BA | $1.32 |
| 4 Livingston St | 1 Bd/ 1 Ba | 1BR,1BA | $1.83 |
| Chenango Student Housing | Private Bedrm w/ Private Bath in Shared Apt | 1BR,1BA | $7.75 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Otego, NY
Frequently Asked Questions about Otego
What type of rentals are currently available in Otego?
There are currently 55 Apartments for Rent in Otego, NY with pricing that ranges from $775 to $9,000. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otego ranging from $575 to $7,000.
What is the current price range for Rental Homes in Otego?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Otego ranges from $575 to $7,000 with an average monthly rent of $1,494.
How much are larger Three and Four Bedroom Rentals in Otego?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Otego range from $1,030 to $9,000, while Three Bedroom Homes, Condos, and Townhomes for rent range from $700 to $5,000. Four Bedroom Single-Family rentals are also available starting from $750 and Four Bedroom Apartments start at $775.
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.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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.