Cheap Homes for Rent in Otsego, MN from $1,600 (9 Rentals)

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Search the lowest-cost Homes 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.

property at 225 3rd St E

225 3rd St E

MonticelloMN55362

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.

Otsego, MN Local Guide

Cheapest Available Otsego Apartments for Rent and Nearby

 

The cheapest available apartment rental in Otsego, MN is a 1 Bed unit found at Pineview Apartments in the Twin Lakes Estates neighborhood priced from $853. 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 $895. Here is today’s list of the most affordable Otsego apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pineview Apartments1 Bed, 1 bath1BR,1BA$853
Elk River Lodge and ApartmentsStudioStudio,1BA$895
Jackson HillsThe Bunker - CONTACT FOR AVAILABILITYStudio,1BA$1,136

Best Value Apartments for Rent in Otsego, MN and Nearby

As of June 23, 2025 the best value apartment in the Otsego area is the $1.51 price per square foot Townhomes at Preserve Model at Townhomes at Preserve in the in the Brockton Meadows neighborhood starting from $2,895. The second greatest value Otsego apartment is the Meadows Model at Evans Meadows starting at $1,880 with a $1.77 price per square foot in the Twin Lakes Estates 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$1.51
Evans MeadowsMeadows2BR,2BA$1.77
Kingston CrossingsTwo Bedroom/Two Bathroom B2BR,2BA$1.76
11755 191 1/2 Ave NW, Unit #20411755 191 1/2 Ave NW2BR,1BA$1.19
Clear SkyFirst Light2BR,1BA$1.61
Lions Park ApartmentsTwo Bedroom/ One Bath2BR,1BA$1.45
Elk Ridge LodgeTwo Bedroom2BR,1BA$1.41
Westwind Apartments2 bed 1 bath2BR,1BA$1.49
Pineview Apartments1 Bed, 1 bath1BR,1BA$1.07
Pheasant Ridge Apartments2 Bedroom - N/A2BR,1BA$1.43

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Frequently Asked Questions about Otsego

What type of rentals are currently available in Otsego?

There are currently 69 Apartments for Rent in Otsego, MN with pricing that ranges from $853 to $4,365. There are also 63 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otsego ranging from $1,650 to $3,599.

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 $1,650 to $3,599 with an average monthly rent of $2,712.

How much are larger Three and Four Bedroom Rentals in Otsego?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Otsego range from $1,395 to $4,365, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,895 to $3,442. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $2,200.

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.