2

Otsego, MI Homes for Rent

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  • 247 W Franklin St, Otsego, MI 49078
    247 W Franklin St, Otsego, MI 49078
    247 W Franklin St, Otsego, MI 49078
    /10

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    247 W Franklin St, Otsego, MI 49078

    Property Id: 2116743For Rent: 2-Bedroom Home with Large Yard - $1350/monthWelcome to your new home! This charming 2-bedroom, 1-bath house offers spacious living inside and out, perfect for families seeking comfort in a quiet neighborhood within Otsego School District. Features include 2 roomy bedrooms, a full bathroom, laundry hookup. Tenants are responsible for all utilities, lawn

    (269) 680-4397

    247 W Franklin St, Otsego, MI 49078
  • 248 W Orleans St Unit 3, Otsego, MI 49078
    248 W Orleans St Unit 3, Otsego, MI 49078
    248 W Orleans St Unit 3, Otsego, MI 49078
    /16

    $950 Per Month

    • 1 Bed
    • 1 Bath
    • 550 Sq Ft
    • Condo for Rent

    248 W Orleans St Unit 3, Otsego, MI 49078

    Available for immediate occupancy is a tastefully updated upper level 1 bedroom & 1 bathroom apartment located in downtown Otsego. This apartment features a secured common keyless entry that leads into your own private entrance of apartment #3. Inside there is a spacious eat-in kitchen, updated bathroom with mosaic tile flooring, and spacious bedroom & living room area. There is shared laundry in

    248 W Orleans St Unit 3, Otsego, MI 49078
Michigan Allegan County Otsego

Homes for Rent in Otsego, MI

Why Live in Otsego

The quiet community of Otsego offers a laid-back lifestyle without sacrificing proximity to nearby big cities. “It’s a super small town, and a nice place to live,” says Amanda Atwood, a local Realtor with Five Star Real Estate who has sold several ...

Learn more about living in Otsego

Frequently Asked Questions

How much does it cost to rent a home in Otsego, MI?
The median rent for a home in Otsego, MI is $950 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Otsego, MI?
To comfortably afford the median rent in Otsego, MI, a household needs to earn roughly $38,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $950 per month in Otsego, MI, renters typically need to show $2,850 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Otsego, MI?
In Otsego, MI, the price-to-rent ratio is 23.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Otsego, MI are best for renting a home?
The best neighborhood for renting in Otsego, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Northwood, Burke Acres, Northside, West Main Hill and Knollwood, each with its own character and price range.

Rental Home Trends in Otsego, MI

There are currently 2 homes available for rent in Otsego, MI. The median rent is $950 per month, with condos at $950.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$950
Median Condo Rent
$950
How to Rent a Home

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