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$1,3002 Bedroom Apartments Available Now
365 Baldwin Ave NW, Unit 206
365 Baldwin Ave NWElk River, MN 55330
Cheap Homes for Rent in Otsego, MN from $1,800 (11 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 205
365 Baldwin Ave NWElk River, MN 55330
716 Jackson Ave NW
Elk RiverMN55330
12654 Pond View Rd
ZimmermanMN55398
591 William St
Big LakeMN55309
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.
22167 156th St NW
Elk RiverMN55330
603 William St
Big LakeMN55309
7224 147th Terrace NW
RamseyMN55303
3901 9th Ln
AnokaMN55303
860 Independence Dr
Big LakeMN55309
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.
11177 77th St NE
OtsegoMN55301
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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 | $2,032 | $1,800 | $2,500 |
| Otsego 3 Bedroom Homes for Rent | $2,967 | $1,849 | $10,000+ |
| Otsego 4 Bedroom Homes for Rent | $3,220 | $2,695 | $5,375 |
| Otsego 5 Bedroom Homes for Rent | $3,650 | $3,500 | $3,801 |
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
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elk River Lodge and Apartments | Studio | Studio,1BA | $845 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1,058 |
| Jackson Hills Apartments | The Bunker - CONTACT FOR AVAILABILITY | Studio,1BA | $1,189 |
| The Delta Apartments | Studio | Studio,1BA | $1,245 |
| Westwind Apartments | 2 bed 1 bath | 2BR,1BA | $1,250 |
Best Value Apartments for Rent in Otsego, MN
As of April 21, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Preserve at Albertville | D2 - Suttons | 3BR,2.5BA | $1.90 |
| Bedford Apartments | 3 BR/2 BA fmr | 3BR,2BA | $1.68 |
| Lions Park Apartments | Two Bedroom/ One Bath | 2BR,1BA | $1.45 |
| The Preserve at Commerce | Camelia | 1BR,1BA | $1.88 |
| Clear Sky | Sunrise | 2BR,1BA | $1.37 |
| Lake Orono Estates | 2BR 1BA | 2BR,1BA | $1.51 |
| Rivers Edge Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $2.04 |
| River Garden Apartments | 1 Bedroom | 1BR,1BA | $1.41 |
| The Delta Apartments | Studio | Studio ,1BA | $1.96 |
| Elk River Lodge and Apartments | Studio | Studio ,1BA | $2.02 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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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 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Otsego ranging from $1,800 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 $1,800 to $10,500 with an average monthly rent of $2,967.
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 $1,849 to $10,500. Four Bedroom Single-Family rentals are also available starting from $2,695 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
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.
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.