Cheap Apartments for Rent in Silver Lake, MN from $600 (66 Rentals)

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

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.

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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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Ward Rentals in Hutchinson
$1,214 - $1,759
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,695
Required Monthly Fees
$64
Total Monthly Price
$1,214 - $1,759
1 to 3 Bedroom Apartments Available Now

Ward Rentals in Hutchinson

705 Century Ave SWHutchinson, MN 55350
Corporate Housing
  • Verified
  • Utilities Included
  • 3D Tour

Cash 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.

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The Otto
Rent Specials
$1,364 - $2,638
Total Monthly Price

Total Monthly Price

Base Rent
$1,356 - $2,630
Required Monthly Fees
$8
Total Monthly Price
$1,364 - $2,638
1 to 3 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
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Rowe
Rent Specials
$1,518 - $4,071
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $4,002
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Rowe

7980 Rose StVictoria, MN 55386
  • Verified
  • 3D Tour
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The Uptown Apartments
$1,605 - $2,260
Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $2,200
Required Monthly Fees
$60
Total Monthly Price
$1,605 - $2,260
1 to 2 Bedroom Apartments Available Jul 8

The Uptown Apartments

233 S Olive StWaconia, MN 55387
Senior Living
  • Verified
  • 3D Tour
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Wilford - NOW OPEN!
$1,623 - $3,218
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,550 - $3,145
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wilford - NOW OPEN!

140 S Elm StWaconia, MN 55387
  • Verified
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Juniper
Rent Specials
$1,683 - $3,318
Total Monthly Price

Total Monthly Price

Base Rent
$1,660 - $3,295
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
Furnished
  • Verified
  • 3D Tour
  • Smoke Free
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Autumn Glen Townhomes
1 to 2 Bedroom Apartments

Autumn Glen Townhomes

502-510 W 8th StWinthrop, MN 55396
  • Utilities Included

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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36 Jefferson Ave E
1 to 2 Bedroom Apartments

36 Jefferson Ave E

36 Jefferson Ave EGaylord, MN 55334
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Autumn Glen Apartments
1 to 2 Bedroom Apartments

Autumn Glen Apartments

822 W Main St WArlington, MN 55307
Senior Living
  • Utilities Included
property at 512 Maple Ln

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848
Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

512 Maple Ln

Grove CityMN56243
property at 313 5th St S

$848

Total Monthly Price

Total Monthly Price

Base Rent
$848
Total Monthly Price
$848

1 Bedroom, 1 Bath Townhome for Rent

Available Now

313 5th St S

Grove CityMN56243
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Linden Wood Apartments
1 to 2 Bedroom Apartments

Linden Wood Apartments

215 Linden Ave WWinsted, MN 55395
Senior Living
  • Utilities Included
property at 54 Birch Ave S

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

1 Bedroom, 1 Bath Condo for Rent

Available Now

54 Birch Ave S

Maple LakeMN55358
property at 8330 Cedar St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900
Total Monthly Price
$900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

8330 Cedar St

RockfordMN55373
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803 W Main St
1 to 3 Bedroom Apartments

803 W Main St

803 W Main StArlington, MN 55307
  • Utilities Included
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Mansard Apartments
2 Bedroom Apartments

Mansard Apartments

325 Jefferson St SEHutchinson, MN 55350
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Silver Lake, MN Local Guide

Cheapest Available Silver Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Silver Lake, MN is a 1 Bed unit found at Cedar Acres Apartments in the Downtown Hutchinson neighborhood priced from $875. 907 Dale St Apartments in the Downtown Hutchinson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedar Acres Apartments1 Bed, 1 bath1BR,1BA$875
907 Dale St Apartments2 Bedroom2BR,1BA$900
Country Club Manor2 Bedroom 1 Bathroom2BR,1BA$1,035
Evergreen Square Apartments1 bedroom1BR,1BA$1,089
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Highfield Apartments2 BR 1 BA Income Restricted2BR,1BA$1,120
Winsted Fields ApartmentsC-2 ADA1BR,1BA$1,125
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200
Minnetonka Edgewater Apartments and Boat SlipsThe WayzataStudio,1BA$1,200

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

As of June 04, 2026 the best value apartment in the Silver Lake area is the $1.40 price per square foot 3 Bed 1 Bath Upper Level Classic Model at Ward Rentals in Hutchinson in the in the Downtown Hutchinson neighborhood starting from $1,619. The second greatest value Silver Lake apartment is the 2 Bedroom 2 Bathroom Model at Pintail Ponds Apartment Homes starting at $1,600 with a $1.52 price per square foot in the Clemens Munsinger Gardens neighborhood. Here is today’s list of the best values for Silver Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ward Rentals in Hutchinson3 Bed 1 Bath Upper Level Classic3BR,1BA$1.40
Pintail Ponds Apartment Homes2 Bedroom 2 Bathroom2BR,2BA$1.52
Evergreen Square Apartments2 bedroom 1 bath2BR,1BA$1.41
Wolverine Meadows2 Bedroom 2 Bath2BR,2BA$1.44
Regency Apartments2 beds 1 bath2BR,1BA$1.39
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
907 Dale St Apartments2 Bedroom2BR,1.5BA$1.06
Country Club Manor2 Bedroom 1 Bathroom2BR,1BA$1.36
Cedar Acres Apartments1 Bed, 1 bath1BR,1BA$1.17

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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Real 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.

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Quick 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.

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

Explore Silver Lake, MN Rentals by Map

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

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Frequently Asked Questions about Cheap Silver Lake Apartments

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $875 at Cedar Acres Apartments.

What is the lowest price for a Cheap Two Bedroom Silver Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Silver Lake is starting from $900 at 907 Dale St Apartments.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at Evergreen Square Apartments and starts from $1,469.

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

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.