Updated 5+ Days Ago
Highlights
Pet Friendly
- Upscale living
- Beautiful outdoor spaces
- Thoughtfully curated interiors
Location
601 Industrial Blvd W, Waconia, MN 55387, USA
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Property Overview
The Otto offers upscale living with beautifully designed outdoor spaces and thoughtfully curated interiors, backed by a strong overall score of 8 out of 10. It also stands out for excellent value, strong amenities and location ratings, ample photos, and top-tier value per square foot, with nearby schools adding to its appeal.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
High school nearby- Middle school nearby
- More space
Floor plans
| 1B - The Cedar Point | 1 bed | 1 bath | 726 sqft | $1,560–$1,575 /mo | 2 units available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 1A1 - The Carver | 1 bed | 1 bath | 726 sqft | $1,600 /mo | 1 unit available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 2G - The Laketown | 2 bed | 2 bath | 1,043 sqft | $2,045 /mo | 1 unit available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 1.5A - The Windward | 2 bed | 1 bath | 936 sqft | $2,140–$2,205 /mo | 2 units available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 2F - The Driftwood | 2 bed | 2 bath | 1,069 sqft | $2,236–$2,261 /mo | 2 units available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 2A - The Marina | 2 bed | 2 bath | 1,069 sqft | $2,295 /mo | 1 unit available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. | |
| 2A1 - The Coney | 2 bed | 2 bath | 1,069 sqft | $2,365–$2,385 /mo | 5 units available | Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile. |
Let's explore this property.
Amenities for The Otto
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 163 |
|---|
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About The Otto
Drawing inspiration from the surrounding community and environment, The Otto is an inviting apartment building featuring an elevated level of design so you feel right at home. With thoughtfully curated interiors and modern amenity spaces, The Otto provides an ideal suburban community in a park-like setting. You'll have access to beautiful outdoor spaces, while surrounded by exceptional dining, wineries, entertainment, and next-level healthcare. Living at The Otto provides an opportunity to experience upscale living and an exceptional level of convenience. We invite you to stay awhile.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, The Otto is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Otto has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Otto stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Otto is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Otto is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Otto does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Otto provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How The Otto compares to other nearby properties.
Positives
- High school nearby
- There is a high school 0.2 miles away
- Middle school nearby
- There is a middle school 1.1 miles away
- More space
- The 1-bedroom is 185 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this property
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Rent trends in Waconia
1-bedroom apartments here are priced 1% lower than 1-bedrooms in Waconia.
If you decide to upgrade your space, you can expect 2-bedrooms at The Otto to be 4% more than the average for similarly sized apartments in Waconia.
Median rents as of Oct 3 2026.
Waconia
| Month | Median Rent |
|---|---|
| January 2025 | $1,493 |
| February 2025 | $1,080 |
| March 2025 | $1,031 |
| August 2025 | $1,055 |
| September 2025 | $1,440 |
| October 2025 | $1,415 |
| November 2025 | $1,383 |
| December 2025 | $1,443 |
| January 2026 | $1,520 |
| February 2026 | $1,421 |
| March 2026 | $1,441 |
| April 2026 | $1,469 |
| May 2026 | $1,475 |
| June 2026 | $1,459 |
| July 2026 | $1,448 |
| August 2026 | $1,499 |
| September 2026 | $1,605 |
| October 2026 | $1,600 |
Affordability calculator
Can I afford to live at 601 Industrial Blvd W?
Bedrooms
Rent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$63,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $63,200 annually to afford this 1-bedroom median monthly rent price of $1,580.
For more information on rent affordability, visit our rent calculator.
Schools near The Otto
Early Childhood Special Education
504 industrial blvd
waconia, MN, 55387
PKPublic
Southview Elementary School
225 w 4th st
waconia, MN, 55387
K-5Public
B+
Laketown Elementary School
960 airport rd
waconia, MN, 55387
K-5Public
A-
Carver Elementary School
1717 ironwood dr
carver, MN, 55315
K-5Public
A-
SW Metro Online Learning
401 e 4th st
chaska, MN, 55318
2-12Public
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Internet available near The Otto
Getting around Waconia near 601 Industrial Blvd W
Walking
5/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Points of interest for 601 Industrial Blvd W, Waconia
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
5/10
Some restaurants within a few minutes’ walk
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
10/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
Explore the area around 601 Industrial Blvd W
Mackenthun's
851 Marketplace Dr
ALDI
10620 10th St W
Mackenthuns Meats & Deli Inc
4275 County Road 92
Mainstream Boutique
761 Marketplace Dr
Trending Upward Thrift Shoppe
141 Depot Dr
Performance Apparel LLC
1935 Moccasin Dr
Shop Chicks Boutique
113 W Main St
The Stash Waconia
34 W Main St
Mocha Monkey
641 Marketplace Dr
Jo Coffee Inc
208 Industrial Blvd
Starbucks
10720 10th St W
Scooter's Coffee
660 Marketplace Dr
Caribou Coffee
851 Marketplace Dr
Qdoba Mexican Eats
10720 10th St W
Hoppers Bar & Grill
119 S Olive St
The Saloon
16 S Elm St
Iron Tap
140 W Main St
Chumly's
112 W Main St
Mackenthuns Meats & Deli Inc
4275 County Road 92
Lake Minnetonka Bakehouse
3640 Reed Rd
Wildhurst Park
Fox Run Park
Waterford Park
Bent Creek Park
Playground
Taco Bell
640 Marketplace Dr
Culver's
10710 10th St W
Qdoba Mexican Eats
10720 10th St W
El Rey Azteca
813 Marketplace Dr
Golden Dragon
785 Marketplace Dr
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