
Cheap Homes for Rent in Otsego, MI from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Otsego.


3013 Portage St

1088 Colonial Trail

24054-2M-43 M-43
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.

444 Garland St

1068 Colonial Trail W

3510 Kenbrooke Ct

1542 10th 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.
Otsego, MI Local Guide

How much does it cost to rent a home in Otsego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otsego 2 Bedroom Homes for Rent | $1,293 | $1,050 | $1,549 |
| Otsego 3 Bedroom Homes for Rent | $1,472 | $1,250 | $1,649 |
| Otsego 4 Bedroom Homes for Rent | $1,646 | $1,500 | $1,720 |
| Otsego 5 Bedroom Homes for Rent | $2,468 | $2,125 | $2,875 |
| Otsego 6 Bedroom Homes for Rent | $2,866 | $2,550 | $3,500 |
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Otsego, MI Local Guide
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Cheapest Available Otsego Apartments for Rent and Nearby
 The cheapest available apartment rental in Otsego, MI is a Studio unit found at Concord Place Apartments in the Colony Farm neighborhood priced from $783. Parchment Manor (Brickstone River View Management LLC) in the Northside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Otsego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Concord Place Apartments | Studio | Studio,1BA | $783 |
| Parchment Manor (Brickstone River View Management LLC) | Parchment Manor Apartments - Studio **HALF OFF ... | 1BR,1BA | $825 |
| Nottingham Place Apartments | The Ashland | 1BR,1BA | $865 |
Best Value Apartments for Rent in Otsego, MI and Nearby
As of May 08, 2026 the best value apartment in the Otsego area is the $0.22 price per square foot Kendall Village Tri-level Model at Kendall Village Townhomes in the in the West Main Hill neighborhood starting from $390. The second greatest value Otsego apartment is the 2x2.5 Classic Model at The Paddock Apartment Homes starting at $790 with a $0.61 price per square foot in the Colony Farm neighborhood. Here is today’s list of the best values for Otsego apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Kendall Village Townhomes | Kendall Village Tri-level | 4BR,2.5BA | $0.22 |
| The Paddock Apartment Homes | 2x2.5 Classic | 2BR,2.5BA | $0.61 |
| Country Club Park Apartments (320 S. Drake LLC) | Country Club Park - Two Bedroom **February Move... | 2BR,1BA | $1.07 |
| Highpointe Apartments | 2 Bed, 1.5 Bath - 937 sq ft | 2BR,1.5BA | $1.38 |
| Haven on Main | B1 | 2BR,1.5BA | $1.27 |
| Parchment Manor (Brickstone River View Management LLC) | Parchment Manor Apartments - Studio **HALF OFF ... | 1BR,1BA | $1.02 |
| Element on Main | A2.W | 1BR,1BA | $1.09 |
| The Landing | The Cove | 2BR,1BA | $1.34 |
| Nottingham Place Apartments | The Ashland | 1BR,1BA | $1.33 |
| Kendall Manor Apartments | One Bedroom | 1BR,1BA | $1.41 |
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.
Best Local Schools in Otsego, MI
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Otsego
What type of rentals are currently available in Otsego?
There are currently 47 Apartments for Rent in Otsego, MI with pricing that ranges from $783 to $2,335. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otsego ranging from $850 to $3,500.
What is the current price range for Rental Homes in Otsego?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Otsego ranges from $850 to $3,500 with an average monthly rent of $1,781.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.