
Cheap Apartments for Rent near Otis, CO from $500 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Otis.


305 Colorado Ave

Total Monthly Price
1103 5th St, Unit 6

Crestview

Total Monthly Price
315 S 3rd St, Unit 315

905 E 16th St

Whitcomb Apartments
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.

624 Maple St

256 Applewood Ct

238 Applewood Ct

252 Applewood Ct

215 Edmunds St

213 E Edmunds St

Gateway Village Apartments
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.

Smokey Trail Village

Total Monthly Price
550 E 2nd St, Unit 1

7 Dana Ave

124-134.5-1345 Hamilton St

110-112 Park St

1144 N 8th St

831 Hamilton 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.

305 E N St

726 N 3rd St

209 S 2nd Ave

421 Oak St

720 Hamilton St

306 McGregor Rd

1020 E 16th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

231 State St
Otis, CO Local Guide

How much does it cost to rent an apartment in Otis?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otis 1 Bedroom Apartments | $917 | $575 | $1,550 |
| Otis 2 Bedroom Apartments | $1,650 | $770 | $2,157 |
| Otis 3 Bedroom Apartments | $2,024 | $1,250 | $3,095 |
| Otis 4 Bedroom Apartments | $2,251 | $2,208 | $2,295 |
Browse Top Apartments in Otis
See all Apartments in OtisExplore Otis
Otis, CO Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Otis Apartments for Rent and Nearby
 The cheapest available apartment rental in Otis, CO is a 1 Bed unit found at Whitcomb Apartments priced from $993. Gateway Village Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,050. Here is today’s list of the most affordable Otis apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 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 |
| Pine Ridge Crossings | 2B | 2BR,2BA | $1,982 |
| Havenwood at Harmony | Melbourne | 3BR,2BA | $3,026 |
Best Value Apartments for Rent in Otis, CO and Nearby
As of July 17, 2026 the best value apartment in the Otis area is the $2.01 price per square foot Melbourne Model at Havenwood at Harmony in the in the Eastern Plains neighborhood starting from $3,026. The second greatest value Otis apartment is the 2B Model at Pine Ridge Crossings starting at $1,982 with a $1.94 price per square foot in the Elbert County neighborhood. 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. |
|---|---|---|---|
| Havenwood at Harmony | Melbourne | 3BR,2.5BA | $2.01 |
| Pine Ridge Crossings | 2B | 2BR,2BA | $1.94 |
| 550 E 2nd St, Unit 1 | 550 E 2nd St | 2BR,1BA | $1.27 |
| Smokey Trail Village | 2 Bed, 1 Bath | 2BR,1BA | $1.48 |
| Gateway Village Apartments | 2 Bedrooms | 2BR,1BA | $1.37 |
| Meadow Vista Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.84 |
| 1103 5th St, Unit 6 | 1103 5th St | 1BR,1BA | $1.04 |
| Whitcomb Apartments | One Bedroom Apartment Home - INCOME RESTRICTED | 1BR,1BA | $1.72 |
| 315 S 3rd St, Unit 315 | 315 S 3rd St | 1BR,1BA | $1.45 |
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 $1,050 at Gateway Village Apartments.
What is the most affordable Otis Three Bedroom Apartment?
The best deal on a cheap Otis Three Bedroom Apartment rental is at Gateway Village Apartments and starts from $1,100.
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.