
Cheap Apartments for Rent in Silver Bay, MN from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Silver Bay.


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Townview Villas

Duluth Board of Trade - Lofts

Total Monthly Price
The Ledge Apartments

Total Monthly Price
Yorkleigh

Wahldorf
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Lesterwood Apartments

CityView Flats

Mount Royal Apartment

Cove Apartments

Bridgeman Russell

Village Place Apartments
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.

The Acres on Arrowhead ll

817 W 4th St, Unit Apt 1

Highland Village Apartments

Vue at BlueStone

Irongate Apartments & Townhomes

Buckingham Green Apartments
Cash 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.

2115 Hughitt Ave

Brewery Creek Apartments

Leijona Apartments

3947 E Calvary Rd

3710 W 4th St

421-423 E 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.

726 Fayal Rd

1718 Cumming Ave
Silver Bay, MN Local Guide

How much does it cost to rent an apartment in Silver Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Bay Studio Apartments | $1,487 | $785 | $1,859 |
| Silver Bay 1 Bedroom Apartments | $1,967 | $600 | $2,612 |
| Silver Bay 2 Bedroom Apartments | $2,659 | $1,000 | $5,822 |
| Silver Bay 3 Bedroom Apartments | $2,894 | $2,295 | $3,495 |
Browse Top Apartments in Silver Bay
See all Apartments in Silver BayExplore Silver Bay
Silver Bay, MN Local Guide
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Cheapest Available Silver Bay Apartments for Rent and Nearby
 The cheapest available apartment rental in Silver Bay, MN is a 1 Bed unit found at Laurentian Apartments priced from $600. Wahldorf in the Observation Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here is today’s list of the most affordable Silver Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Laurentian Apartments | Studio | 1BR,1BA | $600 |
| Wahldorf | 1 bedroom | 1BR,1BA | $925 |
| Lesterwood Apartments | Studio | Studio,1BA | $950 |
| CityView Flats | Studio | Studio,1BA | $1,000 |
| Cove Apartments | Cabin | 2BR,1BA | $1,025 |
| Bridgeman Russell | Studio Loft | Studio,1BA | $1,075 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1,100 |
| Kenwood Village | 1 Bedroom + 1 Bath | 1BR,1BA | $1,495 |
| Baypoint Shoreline | 1 Bedroom - brv REMODEL | 1BR,1BA | $1,550 |
| The Lakeview Residences at 333 | E2 | Studio,1BA | $1,619 |
Best Value Apartments for Rent in Silver Bay, MN and Nearby
As of June 23, 2026 the best value apartment in the Silver Bay area is the $1.64 price per square foot 2 Bedroom- br Model at The Harbours in the in the Observation Hill neighborhood starting from $1,985. The second greatest value Silver Bay apartment is the 2 Bed Model at Tropicana Apartments starting at $1,800 with a $1.50 price per square foot in the East End neighborhood. Here is today’s list of the best values for Silver Bay apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Harbours | 2 Bedroom- br | 2BR,2BA | $1.64 |
| Tropicana Apartments | 2 Bed | 2BR,2BA | $1.50 |
| Zenith | 1B B | 1BR,1BA | $1.96 |
| Wahldorf | 2 bedroom | 2BR,1BA | $1.73 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.47 |
| Kenwood Village | 1 Bedroom + 1 Bath | 1BR,1BA | $2.09 |
| Bridgeman Russell | Studio Loft | Studio ,1BA | $1.54 |
| Lesterwood Apartments | Studio | Studio ,1BA | $1.90 |
| CityView Flats | Studio | Studio ,1BA | $2.07 |
| Laurentian Apartments | Studio | 1BR,1BA | $1.50 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Silver Bay, MN Rentals by Map
See the most popular apartments and homes in Silver Bay, MN
Frequently Asked Questions about Cheap Silver Bay Apartments
What is the Cheapest Studio apartment in Silver Bay?
Currently the most affordable Cheap Studio Apartment in Silver Bay is at Lesterwood Apartments listed at $950.
How much is rent for a Cheap One Bedroom Silver Bay Apartment?
The lowest price for a Cheap One Bedroom Silver Bay Apartment is $600 at Laurentian Apartments.
What is the lowest price for a Cheap Two Bedroom Silver Bay Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Silver Bay is starting from $1,000 at Laurentian Apartments.
What is the most affordable Silver Bay Three Bedroom Apartment?
The best deal on a cheap Silver Bay Three Bedroom Apartment rental is at Kenwood Village and starts from $2,275.
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.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.