1623 E 5th St
DuluthMN55812
Cheap Homes for Rent in Silver Bay, MN from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Bay.
2315.5 W 2nd St
DuluthMN55806
1611 Waverly Ave
DuluthMN55803
1615 Waverly Ave
DuluthMN55803
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.
1428-1/2 E 3rd St
DuluthMN55805
904 E 4th St
DuluthMN55805
11 Alta Miikana Rd
TofteMN55615
1426 E 4th St
DuluthMN55805
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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Silver Bay, MN Local Guide
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How much does it cost to rent a home in Silver Bay?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Bay 2 Bedroom Homes for Rent | $2,296 | $1,300 | $3,995 |
| Silver Bay 3 Bedroom Homes for Rent | $2,257 | $1,700 | $3,600 |
| Silver Bay 4 Bedroom Homes for Rent | $2,034 | $1,200 | $3,300 |
| Silver Bay 5 Bedroom Homes for Rent | $2,473 | $2,300 | $2,695 |
| Silver Bay 6 Bedroom Homes for Rent | $2,743 | $2,625 | $3,000 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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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 Duluth Board of Trade - Lofts in the Observation Hill neighborhood priced from $1,009. Cove Apartments in the Observation Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here is today’s list of the most affordable Silver Bay apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Duluth Board of Trade - Lofts | One Bedroom One Bathroom | 1BR,1BA | $1,009 |
| Cove Apartments | Cabin | Studio,1BA | $1,025 |
| 521 W 2nd Street - Leijona | 1BR/1.0BA | 1BR,1BA | $1,071 |
Best Value Apartments for Rent in Silver Bay, MN and Nearby
As of March 08, 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 $1,600 with a $1.33 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 | $1.33 |
| Summit Ridge Luxury Apartments | Park Point | 3BR,2BA | $0.64 |
| Bridgeman Russell | One Bedroom Loft | 1BR,1BA | $1.47 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.38 |
| Villa Hills | 2 Bed 1 Bath, First Floor | 2BR,1BA | $1.80 |
| CityView Flats | 1Bedroom | 1BR,1BA | $1.69 |
| Lesterwood Apartments | 1 Bedroom | 1BR,1BA | $1.68 |
| 521 W 2nd Street - Leijona | 1BR/1.0BA | 1BR,1BA | $1.54 |
| Duluth Board of Trade - Lofts | One Bedroom One Bathroom | 1BR,1BA | $1.71 |
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.
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The 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
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See the most popular apartments and homes in Silver Bay, MN
Frequently Asked Questions about Silver Bay
What type of rentals are currently available in Silver Bay?
There are currently 39 Apartments for Rent in Silver Bay, MN with pricing that ranges from $785 to $5,822. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Bay ranging from $1,200 to $3,995.
What is the current price range for Rental Homes in Silver Bay?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Silver Bay ranges from $1,200 to $3,995 with an average monthly rent of $2,360.
How much are larger Three and Four Bedroom Rentals in Silver Bay?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Silver Bay range from $2,275 to $4,273, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,600. Four Bedroom Single-Family rentals are also available starting from $1,200 and Four Bedroom Apartments start at $1,850.
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.