Rivers Edge Apartments
7701 River Rd NE,
Otsego, MN 55330
1-3 Beds | $1,530 - $2,405
Rental Market Trends in Otsego, MN
Updated September 2026
The average rent in Otsego, MN is $1,614/month.
Rent in Otsego is roughly equal to the national average rent of of $1,665/month.
$1,614/month
Average Rent
771 Sq Ft
Average Size
+3%
Change / Year
103
Available Apartments
Otsego rent varies by unit size and layout:
- Studio apartments in Otsego average per month.
- One-bedroom apartments in Otsego average $1,614 per month.
- Two-bedroom apartments in Otsego average $2,067 per month.
- Three-bedroom apartments in Otsego average $2,461 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Otsego, MN?
In the past year, rent has increased by 3%, which averages out to $49 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Otsego, MN
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
67%
$1,501 - $2,000/month
33%
Above $2,000/month
What salary do I need to live comfortably in Otsego, MN?
Because the average rent in Otsego is $1,614, you’ll want to make about $5,380 per month or $64,560 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.
How does Otsego, MN compare to other nearby cities and neighborhoods?
Use the tool below to compare Otsego, MN 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.
View the Otsego Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
Albertville
Avg Rent: $1,311/month
-
Elk River
Avg Rent: $1,225/month
-
Rogers
Avg Rent: $1,656/month
-
Saint Michael
Avg Rent: $1,574/month
-
Big Lake
Avg Rent: $1,175/month
-
Dayton
Avg Rent: $1,067/month
-
Ramsey
Avg Rent: $1,613/month
Apartment Communities in Otsego We Think You'll Love
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Frequently Asked Questions
What is the average rent in Otsego?
The average rent in Otsego is $1,614 per month, which is 3.1% lower than the national average of $1,665.
Are rents going up or down in Otsego?
Rents in Otsego, MN are increasing, with prices up 3.0% year-over-year and $49 more per month.
What rent range is most common in Otsego?
In Otsego, MN, 67% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.