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Rental Market Trends in Otsego, MI

What is the average rent in Otsego, MI?

$732/month

Average Rent

567 Sq Ft

Average Apartment Size

+1.7%

Increase in the Last Year

As of February 2026, the average rent in Otsego, MI is $732 per month. This is 55% lower than the national average rent of $1,626/month, making renting in Otsego more affordable than most cities in the US. When you rent an apartment in Otsego, you can expect to pay about per month for a studio, $732 for a one-bedroom apartment, and around $808 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $850 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$732/month
567 Sq Ft
Two Bedroom
$808/month
666 Sq Ft
Three Bedroom
$850/month
900 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Otsego, MI?

In the past year, rent has increased by 1.7%, which averages out to $13 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated February 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Otsego, MI
Last Updated February 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Otsego, MI
Percentage*
Rent Range
0% Below $700/month
100% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Otsego, MI?

Because the average rent in Otsego is $732, you’ll want to make about $2,440 per month or $29,280 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Otsego, MI

1 Available Apartments for Rent

Search for Nearby Apartments

How does Otsego, MI compare to other nearby cities and neighborhoods?

Use the tool below to compare Otsego, MI to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Otsego, MI

Apartment Averages

Nearby City Rent Trends

  • Allegan Average Rent

Apartment communities in Otsego we think you'll love

214 E Orleans St

214 E Orleans St

214 E Orleans St,
Otsego, MI 49078

$825

1 Bed

Parkway Flats

Parkway Flats

807 Central Park Cir,
Kalamazoo, MI 49006

$1,325 - $2,270

1-3 Beds

The Landing

The Landing

3200 W Main St,
Kalamazoo, MI 49006

$985 - $1,090

2 Beds

Summer Ridge

Summer Ridge

5545 Summer Ridge Blvd,
Kalamazoo, MI 49009

$1,037 - $3,543

1-2 Beds

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United States Michigan Otsego Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity