Cheap Apartments for Rent near Silver Lake, MN from $600 (61 Rentals)

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

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Regency Apartments
$1,000 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,250
Total Monthly Price
$1,000 - $1,250
1 to 2 Bedroom Apartments Contact Us For Availability

Regency Apartments

235 Echo CirHutchinson, MN 55350
Student Housing
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Rowe
Rent Specials
$1,518 - $4,021
Total Monthly Price

Total Monthly Price

Base Rent
$1,449 - $3,952
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Rowe

7980 Rose StVictoria, MN 55386
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Juniper
Rent Specials
$1,568 - $3,890
Total Monthly Price

Total Monthly Price

Base Rent
$1,545 - $3,867
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Juniper

4701 Kings Point RoadMinnetrista, MN 55331
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Victoria Flats
$1,639 - $2,703
Total Monthly Price

Total Monthly Price

Base Rent
$1,631 - $2,695
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Victoria Flats

1699 Steiger Lake LnVictoria, MN 55386
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The Otto
Rent Specials
$1,655 - $2,393
Total Monthly Price

Total Monthly Price

Base Rent
$1,647 - $2,385
Required Monthly Fees
$8
Total Monthly Price
$1,655 - $2,393
1 to 2 Bedroom Apartments Available Now

The Otto

601 Industrial Blvd WWaconia, MN 55387
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Parkview Apartments
1 to 2 Bedroom Apartments

Parkview Apartments

424 2nd St NBrownton, MN 55312
Senior Living

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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Autumn Glen Townhomes
1 to 2 Bedroom Apartments

Autumn Glen Townhomes

502-510 W 8th StWinthrop, MN 55396
  • Utilities Included
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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
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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
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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
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
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9080 County Road 50
Studio to 2 Bedroom Apartments

9080 County Road 50

9080 County Road 50Rockford, MN 55373
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Deer Run Apartments
2 to 3 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
  • Utilities Included

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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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 2 Beds unit found at Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $795. Midway Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Howard Lake Apartments2 Bed2BR,1BA$795
Midway Apartments1 Bed, 1 bath1BR,1BA$825
Cedar Acres Apartments1 Bed, 1 bath1BR,1BA$875
Town's Edge Estates1 Bedroom/1 Bath1BR,1BA$885
907 Dale St Apartments2 Bedroom2BR,1BA$900
Country Club Manor2 Bedroom 2 Bathroom2BR,2BA$1,060
Evergreen Square Apartments1 bedroom 1 bath1BR,1BA$1,100
Riverwalk Apartments1 bedroom 1 bath1BR,1BA$1,100
Highfield Apartments1 BR 1 BA 3 Story1BR,1BA$1,150
Lakecrest Village1 Bedroom 1 Bathroom1BR,1BA$1,199

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

As of July 29, 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
Riverwalk Apartments2 bedroom remodel2BR,1BA$1.44
Country Club Manor2 Bedroom 2 Bathroom2BR,2BA$1.19
Langdon Lake Apartments1 BR/1 BA1BR,1BA$1.36
907 Dale St Apartments2 Bedroom2BR,1.5BA$1.06
Howard Lake Apartments2 Bed2BR,1BA$0.95
Town's Edge Estates2 Bedroom/2 Bath S2BR,1BA$1.18
Evergreen Square Apartments1 bedroom 1 bath1BR,1BA$1.38
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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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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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 $825 at Midway 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 $795 at Howard Lake 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 Town's Edge Estates and starts from $1,145.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.