
Cheap Apartments for Rent in Otsego, MN from $556 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in Otsego.


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Parkview Grand Partners LLC

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The Village of Otsego

16125 72nd St NE

16055 71st St NE

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Clear Sky

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Elk River Lodge and Apartments

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River Garden Apartments

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Westwind Apartments

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Ridgewood Manor Partnership
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.

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Elk Crossing Apartments

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Jackson Hills Apartments

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Bedford Apartments

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The Delta Apartments

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Village at Town Center - St. Michael

11877 Frankfort Pkwy NE

365 Baldwin Ave NW

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Dove Tree Apartments

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Dove Terrace

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Fredrik
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.

11833 Frankfort Pkwy NE

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The Dylan Apartments

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Evans Meadows

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The Preserve at Commerce

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Kingston Crossings

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Quest Apartments

12824 43rd St NE, Unit KEYSTONE

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Lions Park Apartments

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Granite Shores

7262 147 Ln NW
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.

11884 192nd Ave NW

Elk Ridge Manor

Pullman Place Cooperative

Pineview Apartments

Elk Ridges Estates

Pheasant Ridge Apartments

School Place Apartments

Cottages of Albertville Senior Townhomes

Jackson Place

Elk Ridge Lodge
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.

Lake Orono Estates

Town Center Townhomes

230 Leighton Dr

9358 Ranchview Ln N

5782 Overlook Ln

9188 Spirit Hills Rd

5824 Spirit Hills Rd

415 Belle Aire Dr

11966 192nd Ave NW

9205 Orchard Cir
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, MN Local Guide

How much does it cost to rent an apartment in Otsego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Otsego Studio Apartments | $1,148 | $895 | $1,678 |
| Cheap Otsego 1 Bedroom Apartments | $1,555 | $556 | $1,955 |
| Cheap Otsego 2 Bedroom Apartments | $1,849 | $1,195 | $2,300 |
| Cheap Otsego 3 Bedroom Apartments | $2,037 | $818 | $2,900 |
| Cheap Otsego 4 Bedroom Apartments | $2,017 | $1,987 | $2,047 |
Browse Top Apartments in Otsego
See all Apartments in OtsegoExplore Otsego
Otsego, MN Local Guide
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Cheapest Available Otsego Apartments for Rent
 The cheapest available apartment rental in Otsego, MN is a 3 Beds unit found at Clear Sky in the Twin Lakes Estates neighborhood priced from $818. Elk River Lodge and Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $845. Here is today’s list of the most affordable Otsego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Clear Sky | Horizon | 3BR, 2BA | $818 |
| Elk River Lodge and Apartments | Studio | Studio, 1BA | $845 |
| Elk Crossing Apartments | Two Bedroom | 2BR, 1BA | $1,195 |
| The Delta Apartments | Studio | Studio, 1BA | $1,245 |
| Dove Tree Apartments | 1 Bedroom F | 1BR, 1BA | $1,378 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR, 1BA | $1,425 |
| Bedford Apartments | 2 BR/1 BA | 2BR, 1BA | $1,475 |
| Fredrik | Rowley (A3) | Studio, 1BA | $1,480 |
| Village at Town Center - St. Michael | 4B2HC | 1BR, 1BA | $1,515 |
| The Preserve at Commerce | Andover | 1BR, 1BA | $1,629 |
Best Value Apartments for Rent in Otsego, MN
As of September 17, 2026 the best value apartment in the Otsego area is the $0.69 price per square foot Horizon Model at Clear Sky in the Twin Lakes Estates neighborhood starting from $818. The second greatest value Otsego apartment is the 2 Bedroom/2 Bath Model at Parkview Grand Partners LLC in the Twin Lakes Estates neighborhood starting at $1,800 with a $1.60 price per square foot. 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. |
|---|---|---|---|
| Clear Sky | Horizon | 3BR, 2BA | $0.69 |
| Parkview Grand Partners LLC | 2 Bedroom/2 Bath | 2BR, 2BA | $1.60 |
| Rivers Edge Apartments | 2 Bedroom | 2BR, 2BA | $1.84 |
| Kingston Crossings | 2Bed - 2Bath | 2BR, 2BA | $1.81 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR, 1BA | $1.45 |
| Quest Apartments | 1 Bedroom A4 | 1BR, 1BA | $1.96 |
| Elk Crossing Apartments | Two Bedroom | 2BR, 1BA | $1.26 |
| Bedford Apartments | 2 BR/1 BA | 2BR, 1BA | $1.67 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR, 1BA | $1.64 |
| The Delta Apartments | Studio | Studio, 1BA | $1.96 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Otsego, MN Rentals by Map
See the most popular apartments and homes in Otsego, MN
Frequently Asked Questions about Cheap Otsego Apartments
What is the Cheapest Studio apartment in Otsego?
Currently the most affordable Cheap Studio Apartment in Otsego is at Elk River Lodge and Apartments listed at $845.
How much is rent for a Cheap One Bedroom Otsego Apartment?
The lowest price for a Cheap One Bedroom Otsego Apartment is $1,378 at Dove Tree Apartments.
What is the lowest price for a Cheap Two Bedroom Otsego Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Otsego is starting from $1,195 at Elk Crossing Apartments.
What is the most affordable Otsego Three Bedroom Apartment?
The best deal on a cheap Otsego Three Bedroom Apartment rental is at Clear Sky and starts from $818.
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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.