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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 105
365 Baldwin Ave NWElk River, MN 55330
Cheap Homes for Rent in Otsego, MN from $1,600 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Otsego.
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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 106
365 Baldwin Ave NWElk River, MN 55330
301 3rd St E
MonticelloMN55362
860 Independence Dr
Big LakeMN55309
5778 Spirit Hills Rd
MonticelloMN55362
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.
127 Jerry Liefert Dr
MonticelloMN55362
603 William St
Big LakeMN55309
7224 147th Terrace NW
RamseyMN55303
17127 Polk St NW
Elk RiverMN55330
17713 96th Ave N
OsseoMN55311
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.
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Otsego, MN Local Guide
Corn Minnesota by Kris is licensed under CC BY 2.0
How much does it cost to rent a home in Otsego?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Otsego 2 Bedroom Homes for Rent | $2,017 | $1,675 | $2,395 |
| Otsego 3 Bedroom Homes for Rent | $2,972 | $1,900 | $10,000+ |
| Otsego 4 Bedroom Homes for Rent | $2,965 | $2,200 | $5,375 |
| Otsego 5 Bedroom Homes for Rent | $3,270 | $2,600 | $3,621 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Otsego, MN Local Guide
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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 $845. Jackson Hills Apartments in the Twin Lakes Estates neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,189. Here is today’s list of the most affordable Otsego apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| Dove Tree Apartments | 1 Bedroom C | 1BR,1BA | $1,195 |
Best Value Apartments for Rent in Otsego, MN and Nearby
As of June 06, 2026 the best value apartment in the Otsego area is the $2.04 price per square foot D1 - Traverse Model at The Preserve at Albertville in the in the Meadow Pond neighborhood starting from $2,962. The second greatest value Otsego apartment is the 3 BR/2 BA fmr Model at Bedford Apartments starting at $1,845 with a $1.69 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at Albertville | D1 - Traverse | 3BR,2BA | $2.04 |
| Bedford Apartments | 3 BR/2 BA fmr | 3BR,2BA | $1.69 |
| The Preserve at Commerce | Bentley | 2BR,1BA | $1.87 |
| 11755 191 1/2 Ave NW, Unit #302 | 11755 191 1/2 Ave NW | 2BR,1BA | $1.29 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| Clear Sky | Sunrise | 2BR,1BA | $1.37 |
| Dove Terrace | 2 Bedroom A - 871 | 2BR,1BA | $1.64 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| Dove Tree Apartments | 1 Bedroom C | 1BR,1BA | $1.88 |
| Elk River Lodge and Apartments | Studio | Studio ,1BA | $2.02 |
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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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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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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See the most popular apartments and homes in Otsego, MN
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 $556 to $2,750. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otsego ranging from $1,675 to $10,500.
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 $1,675 to $10,500 with an average monthly rent of $2,806.
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 $818 to $2,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $10,500. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $1,987.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.