Cheap Apartments for Rent in Otsego, MN from $556 (57 Rentals)

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

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The Village of Otsego
$1,725 - $2,900

Total Monthly Price

Base Rent$1,725 - $2,900

Total Monthly Price$1,725 - $2,900
12 Month Lease Term
1 to 3 Bedroom Apartments Available Soon

The Village of Otsego

8555 Quaday Ave NEOtsego, MN 55330
Corporate Housing
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  • Utilities Included
property at 16125 72nd St NE
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
12 Month Lease Term
2 Bedroom, 2 Bath Townhome for Rent
Available Now

16125 72nd St NE

OtsegoMN55330
property at 16055 71st St NE
$2,095

Total Monthly Price

Base Rent$2,095

Total Monthly Price$2,095
12 Month Lease Term
2 Bedroom, 2 Bath Townhome for Rent
Available Now

16055 71st St NE

OtsegoMN55330
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Clear Sky
$556 - $2,047

Total Monthly Price

Base Rent$556 - $2,047

Total Monthly Price$556 - $2,047
12 Month Lease Term
1 to 4 Bedroom Apartments Available Now

Clear Sky

10730 175th AveElk River, MN 55330
Cost Per Sq.Ft.
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  • Utilities Included

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
$1,195 - $1,525

Total Monthly Price

Base Rent$1,195 - $1,525

Total Monthly Price$1,195 - $1,525
2 Bedroom Apartments Available Now

Elk Crossing Apartments

814 Proctor Ave NWElk River, MN 55330
Cost Per Sq.Ft.
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Bedford Apartments
$1,215 - $1,845

Total Monthly Price

Base Rent$1,215 - $1,845

Total Monthly Price$1,215 - $1,845
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Bedford Apartments

10740 County Road 37 NEAlbertville, MN 55301
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  • Low Income
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The Delta Apartments
Rent Specials
$1,245 - $1,760

Total Monthly Price

Base Rent$1,245 - $1,760

Total Monthly Price$1,245 - $1,760
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

The Delta Apartments

17350 Zane St NWElk River, MN 55330
Luxury
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property at 11877 Frankfort Pkwy NE
$1,285 - $1,825

Total Monthly Price

Base Rent$1,285

Total Monthly Price$1,285
Studio To 2 Bedroom Rentals
Available Now

11877 Frankfort Pkwy NE

Saint MichaelMN55376
property at 365 Baldwin Ave NW
$1,300

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
2 Bedroom Rentals
Available Now

365 Baldwin Ave NW

Elk RiverMN55330
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Dove Tree Apartments
Rent Specials
$1,378

Total Monthly Price

Base Rent$1,378

Total Monthly PriceVaries
12 Month Lease Term
Studio to 3 Bedroom Apartments Available Now

Dove Tree Apartments

1105 Lions Park DrElk River, MN 55330
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  • Utilities Included
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Dove Terrace
$1,425 - $1,645

Total Monthly Price

Base Rent$1,425 - $1,645

Total Monthly Price$1,425 - $1,645
12 Month Lease Term
2 to 3 Bedroom Apartments Available Now

Dove Terrace

1227 School St NWElk River, MN 55330
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  • Utilities Included
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Fredrik
$1,480 - $2,605

Total Monthly Price

Base Rent$1,480 - $2,605

Total Monthly Price$1,480 - $2,605
Studio to 3 Bedroom Apartments Available Now

Fredrik

21235 Commerce BlvdRogers, MN 55374
Luxury
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  • 3D Tour

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.

property at 11833 Frankfort Pkwy NE
$1,515 - $2,165

Total Monthly Price

Base Rent$1,515

Total Monthly Price$1,515
1 To 2 Bedroom Rentals
Available Now

11833 Frankfort Pkwy NE

Saint MichaelMN55376
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The Dylan Apartments
Rent Specials
$1,597 - $2,009

Total Monthly Price

Base Rent$1,582 - $1,994
Required Monthly Fees$15

Total Monthly Price$1,597 - $2,009
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

The Dylan Apartments

11910 Town Center drSaint Michael, MN 55376
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Evans Meadows
$1,624 - $3,427

Total Monthly Price

Base Rent$1,620 - $3,423
Required Monthly Fees$4

Total Monthly Price$1,624 - $3,427
1 to 2 Bedroom Apartments Available Now

Evans Meadows

341 Evans Ave NWElk River, MN 55330
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Kingston Crossings
$1,640 - $1,895

Total Monthly Price

Base Rent$1,640 - $1,895

Total Monthly Price$1,640 - $1,895
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Kingston Crossings

5400 Kingston Ln NEAlbertville, MN 55301
Senior Living
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Quest Apartments
$1,692 - $2,042

Total Monthly Price

Base Rent$1,677 - $2,027
Required Monthly Fees$15

Total Monthly Price$1,692 - $2,042
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Quest Apartments

13650 Marsh View AveRogers, MN 55374
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property at 12824 43rd St NE
$1,875

Total Monthly Price

Base Rent$1,875

Total Monthly Price$1,875
12 Month Lease Term
2 Bedroom, 2 Bath Townhome for Rent
Available Oct 1
Cost Per Sq.Ft.

12824 43rd St NE, Unit KEYSTONE

12824 43rd St NE
Saint MichaelMN55376
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Lions Park Apartments
Rent Specials
$1,895 - $1,995

Total Monthly Price

Base Rent$1,895 - $1,995

Total Monthly Price$1,895 - $1,995
12 Month Lease Term
3 Bedroom Apartments Available Now

Lions Park Apartments

1001 School St NWElk River, MN 55330
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  • Utilities Included
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Granite Shores
Rent Specials
$1,895 - $2,165

Total Monthly Price

Base Rent$1,850 - $2,120
Required Monthly Fees$45

Total Monthly Price$1,895 - $2,165
1 to 2 Bedroom Apartments Available Now

Granite Shores

633 Main StElk River, MN 55330
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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.

property at 11884 192nd Ave NW
$2,200

Total Monthly Price

Base Rent$2,200

Total Monthly Price$2,200
12 Month Lease Term
4 Bedroom, 1 Bath Townhome for Rent
Available Oct 1

11884 192nd Ave NW

Elk RiverMN55330
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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
  • 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

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.

property at 230 Leighton Dr
$1,785

Total Monthly Price

Base Rent$1,785

Total Monthly Price$1,785
3 Bedroom, 1 Bath Townhome for Rent
Available Oct 10

230 Leighton Dr

Big LakeMN55309
property at 9358 Ranchview Ln N
$1,875

Total Monthly Price

Base Rent$1,875

Total Monthly Price$1,875
2 Bedroom, 2 Bath Townhome for Rent
Available Now

9358 Ranchview Ln N

Maple GroveMN55369
property at 5782 Overlook Ln
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
12 Month Lease Term
3 Bedroom, 2.5 Bath Townhome for Rent
Available Now

5782 Overlook Ln

MonticelloMN55362
property at 9188 Spirit Hills Rd
$1,900

Total Monthly Price

Base Rent$1,900

Total Monthly Price$1,900
3 Bedroom, 2.5 Bath Home for Rent
Available Sep 30

9188 Spirit Hills Rd

MonticelloMN55362
property at 5824 Spirit Hills Rd
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
3 Bedroom, 2.5 Bath Home for Rent
Available Oct 1

5824 Spirit Hills Rd

MonticelloMN55362
property at 415 Belle Aire Dr
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
2 Bedroom, 2 Bath Townhome for Rent
Available Now

415 Belle Aire Dr

ChamplinMN55316
property at 11966 192nd Ave NW
$1,950

Total Monthly Price

Base Rent$1,950

Total Monthly Price$1,950
12 Month Lease Term
3 Bedroom, 1 Bath Home for Rent
Available Oct 1

11966 192nd Ave NW

Elk RiverMN55330
property at 9205 Orchard Cir
$1,985

Total Monthly Price

Base Rent$1,985

Total Monthly Price$1,985
3 Bedroom Rentals
Available Now

9205 Orchard Cir

MonticelloMN55362

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

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 ListingModel NameBed/BathPriced From
Clear SkyHorizon3BR, 2BA$818
Elk River Lodge and ApartmentsStudioStudio, 1BA$845
Elk Crossing ApartmentsTwo Bedroom2BR, 1BA$1,195
The Delta ApartmentsStudioStudio, 1BA$1,245
Dove Tree Apartments1 Bedroom F1BR, 1BA$1,378
Dove Terrace2 Bedroom A - 8712BR, 1BA$1,425
Bedford Apartments2 BR/1 BA2BR, 1BA$1,475
FredrikRowley (A3)Studio, 1BA$1,480
Village at Town Center - St. Michael4B2HC1BR, 1BA$1,515
The Preserve at CommerceAndover1BR, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Clear SkyHorizon3BR, 2BA$0.69
Parkview Grand Partners LLC2 Bedroom/2 Bath2BR, 2BA$1.60
Rivers Edge Apartments2 Bedroom2BR, 2BA$1.84
Kingston Crossings2Bed - 2Bath2BR, 2BA$1.81
Lions Park ApartmentsTwo Bedroom/ One Bath2BR, 1BA$1.45
Quest Apartments1 Bedroom A41BR, 1BA$1.96
Elk Crossing ApartmentsTwo Bedroom2BR, 1BA$1.26
Bedford Apartments2 BR/1 BA2BR, 1BA$1.67
Dove Terrace2 Bedroom A - 8712BR, 1BA$1.64
The Delta ApartmentsStudioStudio, 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.

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Navigating 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.

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Real 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.

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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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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

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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.

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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.

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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.

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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.