Cheap Apartments for Rent in Silver Lake, MN from $600 (43 Rentals)

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

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.

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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Midtown Lofts - NOW OPEN!
$1,065 - $1,490
Total Monthly Price

Total Monthly Price

Base Rent
$1,045 - $1,470
Required Monthly Fees
$20

Total Monthly Price
$1,065 - $1,490
Studio to 2 Bedroom Apartments Available Now

Midtown Lofts - NOW OPEN!

306 N Ramsey AveLitchfield, MN 55355
Luxury
  • Verified
  • Utilities Included
  • Matterport 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 Preserve at Pintail Ponds
Rent Specials
$1,240 - $1,960
Total Monthly Price

Total Monthly Price

Base Rent
$1,220 - $1,940
Required Monthly Fees
$20

Total Monthly Price
$1,240 - $1,960
1 to 3 Bedroom Apartments Available Now

The Preserve at Pintail Ponds

160 Ash Street EastAnnandale, MN 55302
  • Verified
  • Utilities Included
  • Matterport 3D Tour
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1205 S Sibley Ave
Studio to 3 Bedroom Apartments

1205 S Sibley Ave

1205 S Sibley AveLitchfield, MN 55355
property at 460 Rose Ln NE

460 Rose Ln NE

HutchinsonMN55350
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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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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

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.

property at 551 Milky Way St S

551 Milky Way St S

CosmosMN56228
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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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Young America Apartments
2 Bedroom Apartments

Young America Apartments

326 Central Ave SNorwood Young America, MN 55397
  • Utilities Included
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Bryant Wood Apartments
1 to 2 Bedroom Apartments

Bryant Wood Apartments

5225 Bryantwood DrMaple Plain, MN 55359
  • Utilities Included
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Deer Run Apartments
2 to 3 Bedroom Apartments

Deer Run Apartments

650 Shoreline DrHoward Lake, MN 55349
  • Utilities Included
property at 255 6th Ave NE

255 6th Ave NE

HutchinsonMN55350

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Vista Ridge
1 to 3 Bedroom Apartments

Vista Ridge

861 Vista BlvdWaconia, MN 55387
  • Utilities Included
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Interlaken Place
2 to 3 Bedroom Apartments

Interlaken Place

925 Airport RdWaconia, MN 55387
  • Utilities Included
property at 106 Juniper St S

106 Juniper St S

Lester PrairieMN55354

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 Howard Lake Apartments in the Wright Far Western Suburbs neighborhood priced from $675. 907 Dale St Apartments in the Downtown Hutchinson neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Howard Lake Apartments1 Bed Subsidized units1BR,1BA$675
907 Dale St Apartments1 Bedroom1BR,1BA$800
Mansard ApartmentsTwo Bedroom and 1 Bath2BR,1BA$900
Country Club Manor2 Bedroom 2 Bathroom2BR,2BA$1,020
Shoreline Place2 bed / 1 ba2BR,1BA$1,059
Midtown Lofts - NOW OPEN!RegencyStudio,1BA$1,065
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1,120
Minnetonka EdgewaterNewly Renovated StudioStudio,1BA$1,150
Parkview TerraceInterior, Remodeled2BR,1BA$1,150
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1,200

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

As of November 25, 2025 the best value apartment in the Silver Lake area is the $1.40 price per square foot 2 Bed Model at 821 7th Ave NW in the starting from $1,750. The second greatest value Silver Lake apartment is the 1/2 off Special! 2 Bed Upper Level Split Model at Ward Rentals in Hutchinson starting at $1,675 with a $1.47 price per square foot in the Downtown Hutchinson 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.
821 7th Ave NW2 Bed2BR,2BA$1.40
Ward Rentals in Hutchinson1/2 off Special! 2 Bed Upper Level Split2BR,2BA$1.47
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.25
Wolverine Meadows2 Bedroom 2 Bath2BR,2BA$1.44
Bayview Apartments1BR1BR,1BA$1.39
Country Club Manor2 Bedroom 2 Bathroom2BR,2BA$1.15
Mansard ApartmentsTwo Bedroom and 1 Bath2BR,1BA$1.06
Parkview TerraceInterior, Remodeled2BR,1BA$1.40
907 Dale St Apartments1 Bedroom1BR,1BA$1.23
Howard Lake Apartments1 Bed Subsidized units1BR,1BA$1.40

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Getting Around Silver Lake, MN

Walk Score®

17 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Silver Lake Apartments

What is the Cheapest Studio apartment in Silver Lake?

Currently the most affordable Cheap Studio Apartment in Silver Lake is at Midtown Lofts - NOW OPEN! listed at $1,065.

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $675 at Howard Lake 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 The Preserve at Pintail Ponds and starts from $1,960.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.