
Cheap Apartments for Rent in the Silverwood Neighborhood of Cottage Grove, MN from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Silverwood area of Cottage Grove.


Total Monthly Price
ReNew at the Grove

Grove80 Apartments

Woodland Park Apartments

Cottages of Cottage Grove

Hinton Heights
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Woodmount Townhomes

The Legends of Cottage Grove 55+ Apartments

Red Rock Manor

Park Place I Apartments

Ashland Apartments and Commercial Space

1104-1108 5th St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1245 4th St

1237 4th St

670 4th St

650 4th St

1116 5th St

Pioneer Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

10 Pointe Apartments

Park Place II Apartments
Silverwood, Cottage Grove, MN Local Guide

How much does it cost to rent an apartment in Silverwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silverwood Studio Apartments | $1,493 | $1,480 | $1,500 |
| Silverwood 1 Bedroom Apartments | $1,591 | $1,260 | $1,745 |
| Silverwood 2 Bedroom Apartments | $2,165 | $1,197 | $2,779 |
| Silverwood 3 Bedroom Apartments | $1,847 | $1,054 | $2,641 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Silverwood Neighborhood of Cottage Grove, MN.
See all Apartments in Cottage GroveExplore Cottage Grove
Silverwood, Cottage Grove, MN Local Guide
- Nearby Cottage Grove neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Silverwood Apartments for Rent
 The cheapest available apartment rental in the Silverwood area of Minneapolis, MN is a 1 Bed unit found at The Legends of Cottage Grove 55+ Apartments priced from $1,182. Woodland Park Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,197. Here are the most affordable Silverwood apartments for rent in Minneapolis, MN:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Legends of Cottage Grove 55+ Apartments | One Bedroom A | 1BR,1BA | $1,182 |
| Woodland Park Apartments | 2 Bedrooms 2 bathrooms Town Home | 2BR,2BA | $1,197 |
| The Aurilla Apartments | Ellipsis | 1BR,1BA | $1,571 |
| Woodmount Townhomes | 2 Bedroom | 2BR,1BA | $1,642 |
| Grove80 Apartments | Hyde - A7 | 1BR,1BA | $1,650 |
Best Value Apartments for Rent in Silverwood, MN
As of March 20, 2026 the best value apartment in the Silverwood area is the $1.62 price per square foot 3 Bed 2 Bath Model at Hinton Heights in the in the Silverwood neighborhood starting from $2,115. The second greatest value Silverwood apartment is the 2 Bedrooms 2 bathrooms Town Home Model at Woodland Park Apartments starting at $1,197 with a $1.15 price per square foot in the Silverwood neighborhood. Here is today’s list of the best values for Silverwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Hinton Heights | 3 Bed 2 Bath | 3BR,2BA | $1.62 |
| Woodland Park Apartments | 2 Bedrooms 2 bathrooms Town Home | 2BR,2BA | $1.15 |
| The Legends of Cottage Grove 55+ Apartments | Two Bedroom C | 2BR,2BA | $1.71 |
| ReNew at the Grove | B1 | 2BR,1BA | $2.16 |
| Woodmount Townhomes | 2 Bedroom | 2BR,1BA | $1.86 |
| The Aurilla Apartments | Couplet | 1BR,1BA | $2.21 |
| Grove80 Apartments | Hyde - A7 | 1BR,1BA | $2.41 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick 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.
Best Local Schools in Silverwood, Cottage Grove, MN
Park Senior High School
School data provided by Great Schools
Frequently Asked Questions about Cheap Silverwood Apartments
What is the price of a cheap apartment in Silverwood?
The cheapest apartment in Silverwood is The Legends of Cottage Grove 55+ Apartments which is listed at $1,182, while the average apartment in Silverwood costs $2,119.
What types of apartments are the cheapest in Silverwood?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Silverwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
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.
Helpful Local Expert Guides

A Local Expert’s Guide To the Top 10 Budget-Friendly Neighborhoods to Rent in Minneapolis
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN. I've lived in Minnesota all my life, save for a brief stint in Wisconsin.

Enjoy Twin Cities Campus Life: Top Minneapolis Neighborhoods for Student Renters
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, MN.

Blending Career and Community: Top Neighborhoods to Rent Near Major Minneapolis Employers
Written by: Stephanie Lica
I'm Stephanie, your ApartmentHomeLiving.com Local Expert for Minneapolis, Minnesota. I love life in the Twin Cities.

Authentic Minneapolis: An Insiders Guide to Renting in the City of Lakes
Written by: Stephanie Lica
Hello from the Twin Cities! I’m Stephanie — your ApartmentHomeLiving.com Local Expert for Minneapolis. I’m here to give you the inside scoop on this frigid, yet fascinating city.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.