Cheap Apartments for Rent in Beaver Bay, MN from $700 (24 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Beaver Bay.

Showing Results 1-24, Page 1 of 1

Beaver Bay, MN Local Guide

Cheapest Available Beaver Bay Apartments for Rent and Nearby

 

The cheapest available apartment rental in Beaver Bay, MN is a Studio unit found at Cove Apartments in the Observation Hill neighborhood priced from $940. 521 W 2nd Street - Leijona in the Duluth Heights neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Beaver Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cove ApartmentsAnchorStudio,1BA$940
521 W 2nd Street - Leijona0BR/1.0BAStudio,1BA$950
CityView FlatsStudioStudio,1BA$1,000
Village Place Apartments2 Bedroom Income Restricted2BR,1BA$1,100
Mount Royal ManorUpdated Efficiency / 1 Bath Ground FloorStudio,1BA$1,100

Best Value Apartments for Rent in Beaver Bay, MN and Nearby

As of July 28, 2025 the best value apartment in the Beaver Bay area is the $1.23 price per square foot 2 Bed Model at Tropicana Apartments in the in the East End neighborhood starting from $1,600. The second greatest value Beaver Bay apartment is the 2 Bedroom- br Model at The Harbours starting at $1,985 with a $1.64 price per square foot in the Observation Hill neighborhood. Here is today’s list of the best values for Beaver Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Tropicana Apartments2 Bed2BR,2BA$1.23
The Harbours2 Bedroom- br2BR,2BA$1.64
Summit Ridge Luxury ApartmentsPark Point3BR,2BA$0.64
Baypoint Estates2 Bedroom - brv REMODEL2BR,2BA$2.27
Village Place Apartments2 Bedroom Market Rate2BR,1BA$1.30
Bridgeman RussellOne Bedroom Loft1BR,1BA$1.47
Zenith DCHS1B D1BR,1BA$2.30
CityView FlatsStudioStudio ,1BA$2.07
521 W 2nd Street - Leijona0BR/1.0BAStudio ,1BA$2.00
Mount Royal ManorUpdated Efficiency / 1 Bath Ground FloorStudio ,1BA$2.32

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Beaver Bay, MN Rentals by Map

Decorative image of map

See the most popular apartments and homes in Beaver Bay, MN

View Map
Beaver Bay, MN Apartments Map
View Map
Beaver Bay, MN Rental Homes Map

Getting Around Beaver Bay, MN

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

40 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Beaver Bay Apartments

What is the Cheapest Studio apartment in Beaver Bay?

Currently the most affordable Cheap Studio Apartment in Beaver Bay is at Cove Apartments listed at $940.

How much is rent for a Cheap One Bedroom Beaver Bay Apartment?

The lowest price for a Cheap One Bedroom Beaver Bay Apartment is $1,130 at Cove Apartments.

What is the lowest price for a Cheap Two Bedroom Beaver Bay Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Beaver Bay is starting from $1,100 at Village Place Apartments.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.