
Cheap Apartments for Rent near Silver Lake, MN from $675 (64 Rentals)
Search the lowest-cost Apartments available for rent right now in Silver Lake.


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45 N High Dr NW

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Parkview Apartments

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Autumn Glen Apartments

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907 Dale St Apartments

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Midway Apartments

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Cedar Acres Apartments

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Town's Edge Estates

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Hidden Cove Apartments

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Country Club Manor
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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Wolverine Meadows

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Highfield Apartments

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Pintail Ponds Apartment Homes

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Young America Apartments

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Lone Oak Apartments

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Evergreen Square Apartments

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Riverwalk Apartments

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Bayview Apartments

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Shoreline Place

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Parkview Terrace
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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The Landing

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Maple Tree Villa Apartments

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Minnetonka Edgewater Apartments and Boat Slips

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The Willows of Annandale

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Lakecrest Village

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Langdon Lake Apartments

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Ward Rentals in Hutchinson

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Dockside Apartments & Boat Slips - Lake Minnetonka

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Prairie Village

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Village Place Apartments of Buffalo
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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Cottages of Annandale - 55+ Community

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Midtown Lofts

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Harbor District Apartments

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Winsted Fields Apartments

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The Uptown Apartments

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The Otto

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The Crossings at Willems Way

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Rowe

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The Preserve at Pintail Ponds

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Victoria Flats
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.

Lake Ripley Apartments

Autumn Glen Townhomes

36 Jefferson Ave E

Linden Wood Apartments

803 W Main St

Mansard Apartments

8330 Cedar St

Town Edge Estates

Bryant Wood Apartments

Regency Apartments
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 Lake, MN Local Guide

How much does it cost to rent an apartment in Silver Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Lake Studio Apartments | $1,159 | $895 | $1,345 |
| Silver Lake 1 Bedroom Apartments | $1,520 | $675 | $2,563 |
| Silver Lake 2 Bedroom Apartments | $1,788 | $695 | $3,473 |
| Silver Lake 3 Bedroom Apartments | $2,111 | $1,145 | $3,890 |
Browse Top Apartments in Silver Lake
See all Apartments in Silver LakeExplore Silver Lake
Silver Lake, MN Local Guide
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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 45 N High Dr NW in the Downtown Hutchinson neighborhood priced from $695. Parkview Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $792. Here is today’s list of the most affordable Silver Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 45 N High Dr NW | 2 Bed/1 Bath | 2BR,1BA | $695 |
| Parkview Apartments | 1 Bedroom | 1BR,1BA | $792 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $795 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $800 |
| Midway Apartments | 1 Bed, 1 bath | 1BR,1BA | $825 |
| Cedar Acres Apartments | 1 Bed, 1 bath | 1BR,1BA | $875 |
| Town's Edge Estates | 1 Bedroom/1 Bath | 1BR,1BA | $885 |
| 907 Dale St Apartments | 2 Bedroom | 2BR,1BA | $900 |
| Hidden Cove Apartments | 1 Bed/1 Bath | 1BR,1BA | $1,030 |
| Young America Apartments | 2 bedrooms | 2BR,1BA | $1,055 |
Best Value Apartments for Rent in Silver Lake, MN and Nearby
As of September 12, 2026 the best value apartment in the Silver Lake area is the $1.39 price per square foot 2BR Model at Bayview Apartments in the in the Outlying Hennepin Far Western Suburbs neighborhood starting from $1,550. The second greatest value Silver Lake apartment is the Prairie Village 3 Bedroom Model at Prairie Village starting at $1,230 with a $1.25 price per square foot in the Waterford Heartland Row neighborhood. Here is today’s list of the best values for Silver Lake apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bayview Apartments | 2BR | 2BR,2BA | $1.39 |
| Prairie Village | Prairie Village 3 Bedroom | 3BR,2BA | $1.25 |
| Evergreen Square Apartments | 2 bedroom 1 bath | 2BR,1BA | $1.35 |
| Langdon Lake Apartments | 1 BR/1 BA | 1BR,1BA | $1.36 |
| 45 N High Dr NW | 2 Bed/1 Bath | 2BR,1BA | $0.82 |
| 907 Dale St Apartments | 2 Bedroom | 2BR,1.5BA | $1.06 |
| Howard Lake Apartments | 2 Bed | 2BR,1BA | $0.95 |
| Town's Edge Estates | 2 Bedroom/2 Bath S | 2BR,1BA | $1.18 |
| Cedar Acres Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.17 |
| Autumn Glen Apartments | One Bedroom | 1BR,1BA | $1.25 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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!
Explore Silver Lake, MN Rentals by Map
See the most popular apartments and homes in Silver Lake, MN
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 $792 at Parkview 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 $695 at 45 N High Dr NW.
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

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.