
Cheap Apartments for Rent near Otis, CO from $575 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Otis.


Crestview

905 E 16th St

829 State St

617 Douglas St

Whitcomb Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

215 Edmunds St

213 E Edmunds St

207 S 4th St

Smokey Trail Village

Gateway Village Apartments

621 E Railroad Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

219 Applewood St

219 Applewood Ct

7 Dana Ave

110-112 Park St

1144 N 8th St

908 N 6th St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

601 N Custer Ave

305 E N St

2003 S 6th Ave

611 N Custer Ave

403 Meeker St

306 McGregor Rd
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.

620 N 4th Ave
Otis, CO Local Guide

How much does it cost to rent an apartment in Otis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otis Studio Apartments | $1,386 | $1,386 | $1,386 |
| Otis 1 Bedroom Apartments | $984 | $575 | $1,400 |
| Otis 2 Bedroom Apartments | $1,612 | $770 | $2,157 |
| Otis 3 Bedroom Apartments | $2,006 | $1,300 | $3,026 |
| Otis 4 Bedroom Apartments | $2,616 | $2,208 | $2,846 |
Browse Top Apartments in Otis
See all Apartments in OtisExplore Otis
Otis, CO Local Guide
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Cheapest Available Otis Apartments for Rent and Nearby
 The cheapest available apartment rental in Otis, CO is a 2 Beds unit found at Crestview priced from $835. Whitcomb Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $993. Here is today’s list of the most affordable Otis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crestview | 2 Bed 1.5 Bath | 2BR,1BA | $835 |
| Whitcomb Apartments | One Bedroom Apartment Home - INCOME RESTRICTED | 1BR,1BA | $993 |
| Gateway Village Apartments | 2 Bedrooms | 2BR,1BA | $1,050 |
| Meadow Vista Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,147 |
| Smokey Trail Village | 2 Bed, 1 Bath | 2BR,1BA | $1,180 |
Best Value Apartments for Rent in Otis, CO and Nearby
As of August 31, 2026 the best value apartment in the Otis area is the $1.87 price per square foot 2A Model at Pine Ridge Crossings in the in the Elbert County neighborhood starting from $1,907. The second greatest value Otis apartment is the 2 Bed 1.5 Bath Model at Crestview starting at $835 with a $0.99 price per square foot . Here is today’s list of the best values for Otis apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Pine Ridge Crossings | 2A | 2BR,2BA | $1.87 |
| Crestview | 2 Bed 1.5 Bath | 2BR,1.5BA | $0.99 |
| Smokey Trail Village | 2 Bed, 1 Bath | 2BR,1BA | $1.48 |
| Meadow Vista Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.84 |
| Gateway Village Apartments | 1 Bedroom | 1BR,1BA | $2.35 |
| Whitcomb Apartments | One Bedroom Apartment Home - INCOME RESTRICTED | 1BR,1BA | $1.72 |
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!
Explore Otis, CO Rentals by Map
See the most popular apartments and homes in Otis, CO
Frequently Asked Questions about Cheap Otis Apartments
How much is rent for a Cheap One Bedroom Otis Apartment?
The lowest price for a Cheap One Bedroom Otis Apartment is $993 at Whitcomb Apartments.
What is the lowest price for a Cheap Two Bedroom Otis Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Otis is starting from $835 at Crestview.
What is the most affordable Otis Three Bedroom Apartment?
The best deal on a cheap Otis Three Bedroom Apartment rental is at Whitcomb Apartments and starts from $1,371.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.