Cheap Apartments for Rent in Silver Bay, MN from $700 (21 Rentals)

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

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Silver Bay, MN Local Guide

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 Buckingham Green Apartments in the Observation Hill neighborhood priced from $896. Lesterwood Apartments in the Lakeside-Lester Park neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here is today’s list of the most affordable Silver Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Buckingham Green Apartments22B1BR,1BA$896
Lesterwood ApartmentsStudioStudio,1BA$900
521 W 2nd Street - Leijona0BR/1.0BAStudio,1BA$950
CityView FlatsStudioStudio,1BA$1,000
Duluth Board of Trade - LoftsStudioStudio,1BA$1,075

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

As of August 03, 2025 the best value apartment in the Silver 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 Silver 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 Silver 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
Village Place Apartments2 Bedroom Market Rate2BR,1BA$1.30
Buckingham Green Apartments22B1BR,1BA$1.02
Bridgeman RussellOne Bedroom Loft1BR,1BA$1.47
Wahldorf2 bedroom2BR,1BA$1.73
521 W 2nd Street - Leijona2BR/1.0BA2BR,1BA$2.06
Lesterwood ApartmentsStudioStudio ,1BA$1.64
CityView FlatsStudioStudio ,1BA$2.07

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

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Getting Around Silver Bay, MN

Walk Score®

11 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

19 / 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 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 $900.

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

The lowest price for a Cheap One Bedroom Silver Bay Apartment is $896 at Buckingham Green 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 $1,100 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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.

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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.