Apartments for Rent in Otsego, MN

Prices and availability in Otsego, MN were last updated on 3 Aug 2026.

The best apartments in Otsego, MN are: Rivers Edge Apartments, Rivers Edge Apartments and Rivers Edge Apartments II.

The average rent in Otsego, MN is $1,642.

The price range for a 1-bedroom apartment in Otsego, MN is between $1,535 and $1,635.

The price range for a 2-bedroom apartment in Otsego, MN is between $1,850 and $1,880.

The price range for a 3-bedroom apartment in Otsego, MN is between $2,295 and $2,340.

In Otsego, 7% of the residents are renting compared to 93% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 16% of Otsego's rentals, 44% are small-scale complexes with under 50 units, and 32% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Otsego are about 14 years old, on average. Of these, 70% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, 6% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

Rental apartments in Otsego come in a range of sizes and floorplans. Studio apartments represent 4% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 36% of the total apartments in the city, while 2-bedroom floorplans represent around 50% of all rentals in Otsego. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.