
Cheap Homes for Rent in Silver Bay, MN from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Bay.


2115 Hughitt Ave

3901 Greysolon Rd

3947 E Calvary Rd
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.

1923 Iowa Ave

817 W 4th St, Unit Apt 1

421-423 E 5th St

1718 Cumming Ave
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.
Silver Bay, MN Local Guide

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 | $1,804 | $915 | $2,500 |
| Silver Bay 3 Bedroom Homes for Rent | $2,216 | $1,295 | $3,500 |
| Silver Bay 4 Bedroom Homes for Rent | $2,220 | $2,095 | $2,345 |
| Silver Bay 5 Bedroom Homes for Rent | $2,390 | $2,285 | $2,495 |
| Silver Bay 6 Bedroom Homes for Rent | $3,050 | $3,050 | $3,050 |
Browse Top Homes for Rent in Silver Bay
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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 Laurentian Apartments priced from $600. CityView Flats in the Observation Hill neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. 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 |
| CityView Flats | Studio | Studio,1BA | $1,000 |
| Cove Apartments | Cabin | 2BR,1BA | $1,025 |
Best Value Apartments for Rent in Silver Bay, MN and Nearby
As of June 14, 2026 the best value apartment in the Silver Bay area is the $1.64 price per square foot 3B A Model at Zenith in the in the East End neighborhood starting from $3,199. The second greatest value Silver Bay apartment is the Lighthouse Model at Cove Apartments starting at $1,950 with a $1.48 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Zenith | 3B A | 3BR,2BA | $1.64 |
| Cove Apartments | Lighthouse | 2BR,2BA | $1.48 |
| Kenwood Village | 3 Bedroom + 2 Bath | 3BR,2BA | $1.77 |
| The Harbours | 2 Bedroom- br | 2BR,2BA | $1.64 |
| Tropicana Apartments | 2 Bed | 2BR,2BA | $1.50 |
| Baypoint Estates | 2 Bedroom -bre REMODEL | 2BR,2BA | $2.06 |
| Baypoint Shoreline | 2 Bedroom -br REMODEL | 2BR,1.5BA | $1.98 |
| Village Place Apartments | 1 Bedroom Market Rate | 1BR,1BA | $1.47 |
| Wahldorf | 2 bedroom | 2BR,1BA | $1.73 |
| 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!
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Frequently Asked Questions about Silver Bay
What type of rentals are currently available in Silver Bay?
There are currently 40 Apartments for Rent in Silver Bay, MN with pricing that ranges from $600 to $5,822. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Bay ranging from $915 to $3,500.
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 $915 to $3,500 with an average monthly rent of $2,013.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.