Cheap Apartments for Rent in Silver Bay, MN from $700 (25 Rentals)

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

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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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

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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 20 W 3rd St in the Observation Hill neighborhood priced from $850. Yorkleigh in the East End neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here is today’s list of the most affordable Silver Bay apartments for rent:

Apartment ListingModel NameBed/BathPriced From
20 W 3rd StG1BR,1BA$850
YorkleighSTUDIOStudio,1BA$895
521 W 2nd Street - Leijona0BR/1.0BAStudio,1BA$950
Wahldorf1 Bedroom1BR,1BA$975
CityView FlatsStudioStudio,1BA$1,000

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

As of June 22, 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 $1,895 with a $1.56 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$1.56
Summit Ridge Luxury ApartmentsPark Point3BR,2BA$0.64
Brewery Creek Apartments2 Bedroom with Den2BR,1BA$0.92
Village Place Apartments2 Bedroom Market Rate2BR,1BA$1.30
Highland Village Apartments1BR KNOLL1BR,1BA$1.59
20 W 3rd StG1BR,1BA$1.13
Duluth Board of Trade - LoftsOne Bedroom One Bathroom1BR,1BA$2.02
Wahldorf1 Bedroom1BR,1BA$1.84
521 W 2nd Street - Leijona0BR/1.0BAStudio ,1BA$2.00

Quick Rent Budget Calculator

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

Explore Silver Bay, MN Rentals by Map

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

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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 Yorkleigh listed at $895.

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

The lowest price for a Cheap One Bedroom Silver Bay Apartment is $850 at 20 W 3rd St.

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 Brewery Creek 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 Tropicana Apartments and starts from $1,800.

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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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.

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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.

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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.