Cheap Apartments for Rent in Otsego, MN from $800 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in Otsego.

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.

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Elk Ridge Manor
1 to 3 Bedroom Apartments

Elk Ridge Manor

847 Freeport Ave NWElk River, MN 55330
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Pullman Place Cooperative
1 to 2 Bedroom Apartments

Pullman Place Cooperative

17155 Quincy St NWElk River, MN 55330
Senior Living
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Elk Ridges Estates
2 Bedroom Apartments

Elk Ridges Estates

11755 191 1/2 Ave NWElk River, MN 55330
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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School Place Apartments
1 to 2 Bedroom Apartments

School Place Apartments

1179 School Dr NWElk River, MN 55330
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Jackson Place
1 Bedroom Apartments

Jackson Place

316 Jackson Ave NWElk River, MN 55330
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Elk Ridge Lodge
2 to 3 Bedroom Apartments

Elk Ridge Lodge

19522 Holt St NWElk River, MN 55330
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Clear Sky
2 to 4 Bedroom Apartments

Clear Sky

10730 175th AveElk River, MN 55330
  • Utilities Included
Showing Results 1-24, Page 1 of 1

Otsego, MN Local Guide

Cheapest Available Otsego Apartments for Rent and Nearby

 

The cheapest available apartment rental in Otsego, MN is a Studio unit found at Elk River Lodge and Apartments in the Twin Lakes Estates neighborhood priced from $895. Lions Park Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,125. Here is today’s list of the most affordable Otsego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elk River Lodge and ApartmentsStudioStudio,1BA$895
Lions Park ApartmentsThe View Plan F Flip2BR,1BA$1,125
Jackson HillsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,136
Village at Town Center - St. MichaelStudioStudio,1BA$1,225
The Delta ApartmentsStudioStudio,1BA$1,245

Best Value Apartments for Rent in Otsego, MN and Nearby

As of July 29, 2025 the best value apartment in the Otsego area is the $1.43 price per square foot Townhomes at Preserve Model at Townhomes at Preserve in the in the Brockton Meadows neighborhood starting from $2,750. The second greatest value Otsego apartment is the C1 - Leland Model at The Preserve at Albertville starting at $2,612 with a $2.05 price per square foot in the Meadow Pond neighborhood. Here is today’s list of the best values for Otsego apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Townhomes at PreserveTownhomes at Preserve3BR,2.5BA$1.43
The Preserve at AlbertvilleC1 - Leland2BR,2BA$2.05
Dove Tree Apartments3 Bedroom 2 Bath A3BR,2BA$1.52
Parkview Grand Partners LLC2 Bedroom/2 Bath2BR,2BA$1.60
Lions Park Apartments1001 School Street - 2072BR,2BA$1.16
Evans MeadowsMeadows2BR,2BA$1.75
11755 191 1/2 Ave NW, Unit #20411755 191 1/2 Ave NW2BR,1BA$1.19
Clear SkyFirst Light2BR,1BA$1.61
The Preserve at CommerceAzalea1BR,1BA$1.93
The Delta Apartments1 bed 1 bath1BR,1BA$1.92

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Otsego, MN Rentals by Map

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See the most popular apartments and homes in Otsego, MN

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Getting Around Otsego, MN

Walk Score®

22 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

37 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $895.

How much is rent for a Cheap One Bedroom Otsego Apartment?

The lowest price for a Cheap One Bedroom Otsego Apartment is $1,175 at Jackson Hills.

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 $1,125 at Lions Park Apartments.

What is the most affordable Otsego Three Bedroom Apartment?

The best deal on a cheap Otsego Three Bedroom Apartment rental is at Jackson Hills and starts from $1,805.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.