Cheap Apartments for Rent in Otsego, MN from $500 (53 Rentals)

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

property at 11177 77th St NE

$2,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

11177 77th St NE

OtsegoMN55301

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.

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Dove Tree Apartments
Rent Specials
$1,195 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,695
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Dove Tree Apartments

1105 Lions Park DrElk River, MN 55330
55+ Active Adult
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Dylan Apartments
Rent Specials
$1,381 - $2,442
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,366 - $2,427
Required Monthly Fees
$15
Total Monthly Price
$1,381 - $2,442
Studio to 3 Bedroom Apartments Available Now

The Dylan Apartments

11910 Town Center drSaint Michael, MN 55376
  • Verified
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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The Preserve at Commerce
$1,449 - $4,449
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $4,445
Required Monthly Fees
$4
Total Monthly Price
$1,449 - $4,449
Studio to 3 Bedroom Apartments Available Now

The Preserve at Commerce

13600 Commerce BlvdRogers, MN 55374
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  • Customer Reviewed
  • 3D Tour
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Quest Apartments
$1,477 - $2,390
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,462 - $2,375
Required Monthly Fees
$15
Total Monthly Price
$1,477 - $2,390
Studio to 3 Bedroom Apartments Available Now

Quest Apartments

13650 Marsh View AveRogers, MN 55374
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property at 11877 Frankfort Pkwy NE

$1,515

Total Monthly Price

Total Monthly Price

Base Rent
$1,515
Total Monthly Price
$1,515

1 Bedroom, 1 Bath Home for Rent

Available Jun 3

11877 Frankfort Pkwy NE

Saint MichaelMN55376
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Evans Meadows
$1,719 - $4,289
Total Monthly Price

Total Monthly Price

Base Rent
$1,715 - $4,285
Required Monthly Fees
$4
Total Monthly Price
$1,719 - $4,289
1 to 3 Bedroom Apartments Available Now

Evans Meadows

341 Evans Ave NWElk River, MN 55330
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 716 Jackson Ave NW

$1,800

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 1.5 Bath Home for Rent

Available Jul 1

716 Jackson Ave NW

Elk RiverMN55330
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Granite Shores
Rent Specials
$1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,805
Required Monthly Fees
$45
Total Monthly Price
$1,850
1 Bedroom Apartments Available Jul 10

Granite Shores

633 Main StElk River, MN 55330
Family Friendly
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  • 3D Tour
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Elk Ridge Manor
1 to 3 Bedroom Apartments

Elk Ridge Manor

847 Freeport Ave NWElk River, MN 55330

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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Pullman Place Cooperative
1 to 2 Bedroom Apartments

Pullman Place Cooperative

17155 Quincy St NWElk River, MN 55330
Senior Living
  • Utilities Included
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Pineview Apartments
1 to 2 Bedroom Apartments

Pineview Apartments

23 3rd St NWElk River, MN 55330
  • Utilities Included
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Elk Ridges Estates
2 Bedroom Apartments

Elk Ridges Estates

11755 191 1/2 Ave NWElk River, MN 55330
  • Utilities Included
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School Place Apartments
1 to 2 Bedroom Apartments

School Place Apartments

1179 School Dr NWElk River, MN 55330
  • Utilities Included
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Jackson Place
1 to 2 Bedroom Apartments

Jackson Place

316 Jackson Ave NWElk River, MN 55330
  • Utilities Included
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Elk Ridge Lodge
1 to 3 Bedroom Apartments

Elk Ridge Lodge

19522 Holt St NWElk River, MN 55330
  • Utilities Included

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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property at 12654 Pond View Rd

$1,849

Total Monthly Price

Total Monthly Price

Base Rent
$1,849
Total Monthly Price
$1,849

3 Bedroom, 2 Bath Home for Rent

Available May 1

12654 Pond View Rd

ZimmermanMN55398
property at 591 William St

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895
Total Monthly Price
$1,895

3 Bedroom, 3 Bath Home for Rent

Available Now

591 William St

Big LakeMN55309
property at 721 Circle Dr

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895
Total Monthly Price
$1,895

3 Bedroom, 1 Bath Condo for Rent

Available Jul 10

721 Circle Dr

ChamplinMN55316
property at 22167 156th St NW

$1,899

Total Monthly Price

Total Monthly Price

Base Rent
$1,899
Total Monthly Price
$1,899

3 Bedroom, 1 Bath Home for Rent

Available May 1

22167 156th St NW

Elk RiverMN55330
property at 9208 Golden Pond Ln N

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Total Monthly Price
$1,900

3 Bedroom, 2 Bath Home for Rent

Available Jun 15

9208 Golden Pond Ln N

MonticelloMN55362
property at 603 William St

$1,925

Total Monthly Price

Total Monthly Price

Base Rent
$1,925
Total Monthly Price
$1,925

3 Bedroom, 3 Bath Home for Rent

Available Jun 1

603 William St

Big LakeMN55309
property at 3901 9th Ln

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

4 Bedroom, 2 Bath Home for Rent

Available Now

3901 9th Ln

AnokaMN55303
property at 7224 147th Terrace NW

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995
Total Monthly Price
$1,995

2 Bedroom, 2 Bath Home for Rent

Available May 1

7224 147th Terrace NW

RamseyMN55303
property at 860 Independence Dr

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

2 Bedroom Rentals

Available Now

860 Independence Dr

Big LakeMN55309
property at 6788 Gingham Ct

$2,100

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100
Total Monthly Price
$2,100

3 Bedroom, 2 Bath Townhome for Rent

Available Jun 1

6788 Gingham Ct

MonticelloMN55362

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Otsego, MN Local Guide

Cheapest Available Otsego Apartments for Rent

 

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 $845. River Garden Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,058. Here is today’s list of the most affordable Otsego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Elk River Lodge and ApartmentsStudioStudio,1BA$845
River Garden Apartments1 Bedroom1BR,1BA$1,058
Jackson Hills ApartmentsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,189
Dove Tree Apartments1 Bedroom C1BR,1BA$1,195
The Delta ApartmentsStudioStudio,1BA$1,245
Clear SkySunrise2BR,1BA$1,270
Lake Orono Estates2BR 1BA2BR,1BA$1,300
The Dylan ApartmentsHarmony StudioStudio,1BA$1,381
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1,395
FredrikMarlowe (A1)Studio,1BA$1,440

Best Value Apartments for Rent in Otsego, MN

As of April 29, 2026 the best value apartment in the Otsego area is the $1.90 price per square foot D2 - Suttons Model at The Preserve at Albertville in the in the Meadow Pond neighborhood starting from $3,257. The second greatest value Otsego apartment is the 3 BR/2 BA fmr Model at Bedford Apartments starting at $1,830 with a $1.68 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.
The Preserve at AlbertvilleD2 - Suttons3BR,2.5BA$1.90
Bedford Apartments3 BR/2 BA fmr3BR,2BA$1.68
Kingston Crossings2Bed - 2Bath2BR,2BA$1.78
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
The Preserve at CommerceCamelia1BR,1BA$1.88
Clear SkySunrise2BR,1BA$1.37
Dove Tree Apartments2 Bedroom 1 Bath B2BR,1BA$1.57
Lake Orono Estates2BR 1BA2BR,1BA$1.51
River Garden Apartments1 Bedroom1BR,1BA$1.41
The Delta ApartmentsStudioStudio ,1BA$1.96

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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Quick 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.

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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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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 $1,058 at River Garden 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 $1,158 at River Garden Apartments.

What is the most affordable Otsego Three Bedroom Apartment?

The best deal on a cheap Otsego Three Bedroom Apartment rental is at Dove Tree Apartments and starts from $1,695.

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

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.