
Cheap Homes for Rent in Silver Bay, MN from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Bay.


1017 Tower Ave

1831 W Michigan St
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.

3947 E Calvary Rd

209 E 4th St

617 E 8th 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.

1 Cuyuna Dr
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 | $2,307 | $1,650 | $3,995 |
Silver Bay 3 Bedroom Homes for Rent | $1,858 | $1,100 | $3,150 |
Silver Bay 4 Bedroom Homes for Rent | $1,984 | $673 | $2,750 |
Silver Bay 5 Bedroom Homes for Rent | $2,572 | $2,395 | $2,750 |
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 20 W 3rd St in the Spirit Valley-Denfeld-Norton Park 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
20 W 3rd St | G | 1BR,1BA | $850 |
Yorkleigh | STUDIO | Studio,1BA | $895 |
521 W 2nd Street - Leijona | 0BR/1.0BA | Studio,1BA | $950 |
Best Value Apartments for Rent in Silver Bay, MN and Nearby
As of June 18, 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 Spirit Valley-Denfeld-Norton Park 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. |
---|---|---|---|
Tropicana Apartments | 2 Bed | 2BR,2BA | $1.23 |
The Harbours | 2 Bedroom- br | 2BR,2BA | $1.56 |
Summit Ridge Luxury Apartments | Park Point | 3BR,2BA | $0.64 |
Brewery Creek Apartments | 2 Bedroom with Den | 2BR,1BA | $0.92 |
Village Place Apartments | 2 Bedroom Market Rate | 2BR,1BA | $1.30 |
Bridgeman Russell | One Bedroom Loft | 1BR,1BA | $1.47 |
Highland Village Apartments | 1BR KNOLL | 1BR,1BA | $1.59 |
20 W 3rd St | G | 1BR,1BA | $1.13 |
Wahldorf | 1 Bedroom | 1BR,1BA | $1.84 |
521 W 2nd Street - Leijona | 0BR/1.0BA | Studio ,1BA | $2.00 |
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Frequently Asked Questions about Silver Bay
What type of rentals are currently available in Silver Bay?
There are currently 37 Apartments for Rent in Silver Bay, MN with pricing that ranges from $724 to $4,690. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Bay ranging from $673 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 $673 to $3,995 with an average monthly rent of $1,857.
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.

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.

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.

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.

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.