
Cheap Apartments for Rent in Silver Bay, MN from $700 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Silver Bay.


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Duluth Board of Trade - Lofts

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Yorkleigh

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Cove Apartments

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CityView Flats

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Mount Royal Apartment

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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.

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The Acres on Arrowhead ll

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Lesterwood Apartments

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Kenwood Village

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The Ledge Apartments

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Bridgeman Russell

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Highland Village Apartments

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Zenith
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.

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Vue at BlueStone

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Villa Hills

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Baypoint Estates

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Chesterwood Apartments

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Edgewood Apartments

Irongate Apartments & Townhomes

2866 Wicklow St
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.

Buckingham Green Apartments

Leijona Apartments

Brewery Creek Apartments

1831 W Michigan St

1623 E 5th St

2315.5 W 2nd St

Wahldorf
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

1505 London Rd

1611 Waverly 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 | $1,435 | $785 | $1,859 |
| Silver Bay 1 Bedroom Apartments | $2,026 | $1,000 | $2,612 |
| Silver Bay 2 Bedroom Apartments | $2,901 | $1,250 | $5,822 |
| Silver Bay 3 Bedroom Apartments | $2,585 | $2,195 | $4,273 |
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 Leijona Apartments in the Duluth Heights neighborhood priced from $1,071. Cove Apartments in the Observation Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,090. Here is today’s list of the most affordable Silver Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leijona Apartments | 1BR/1.0BA | 1BR,1BA | $1,071 |
| Cove Apartments | Mooring | 1BR,1BA | $1,090 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1,100 |
| The Acres on Arrowhead ll | Unit A - Studio | Studio,1BA | $1,150 |
| Lesterwood Apartments | 1 Bedroom | 1BR,1BA | $1,175 |
| CityView Flats | 1Bedroom | 1BR,1BA | $1,285 |
| Yorkleigh | 2 BEDROOM | 2BR,1BA | $1,380 |
| Zenith | S E.3 | 1BR,1BA | $1,399 |
| Baypoint Estates | 1 Bedroom 1 Bath | 1BR,1BA | $1,450 |
| Chesterwood Apartments | 1A - 1 Bedroom | 1BR,1BA | $1,455 |
Best Value Apartments for Rent in Silver Bay, MN and Nearby
As of March 24, 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 Park Point Model at Summit Ridge Luxury Apartments starting at $706 with a $0.64 price per square foot in the Duluth Heights 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 |
| Summit Ridge Luxury Apartments | Park Point | 3BR,2BA | $0.64 |
| Highland Village Apartments | 2BR915SF | 2BR,1BA | $1.61 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.38 |
| CityView Flats | 1Bedroom | 1BR,1BA | $1.69 |
| Yorkleigh | 2 BEDROOM | 2BR,1BA | $1.84 |
| Chesterwood Apartments | 1A - 1 Bedroom | 1BR,1BA | $1.94 |
| Baypoint Shoreline | 1 Bedroom - brv REMODEL | 1BR,1BA | $2.12 |
| Kenwood Village | 1 Bedroom + 1 Bath | 1BR,1BA | $2.09 |
| Lesterwood Apartments | 1 Bedroom | 1BR,1BA | $1.68 |
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.
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 The Acres on Arrowhead ll listed at $1,150.
How much is rent for a Cheap One Bedroom Silver Bay Apartment?
The lowest price for a Cheap One Bedroom Silver Bay Apartment is $1,071 at Leijona 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 $1,300 at Village Place 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 The Acres on Arrowhead ll and starts from $2,195.
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

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.