
Cheap Apartments for Rent in Silver Lake, MN from $600 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in Silver Lake.


45 N High Dr NW

907 Dale St Apartments

Country Club Manor

Mansard Apartments

108 3rd St W

Prairie Village

Pintail Ponds Apartment Homes
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.

9080 County Road 50

Highfield Apartments

Bayview Apartments

Ward Rentals in Hutchinson

Wolverine Meadows

Panther Heights Apartments

Lone Oak Apartments

Shoreline Place
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!

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Dockside Apartments on Lake Minnetonka

The Crossings at Willems Way

Minnetonka Edgewater

Maple Tree Villa Apartments

The Willows of Annandale

Langdon Lake Apartments
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.

Total Monthly Price
The Preserve at Pintail Ponds

Evergreen Square Apartments

Lakecrest Apartments

460 Rose Ln NE
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.

551 Milky Way St S

255 6th Ave NE
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.

106 Juniper St S
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 | $1,203 | $975 | $1,475 |
| Silver Lake 1 Bedroom Apartments | $1,481 | $675 | $2,042 |
| Silver Lake 2 Bedroom Apartments | $1,698 | $695 | $2,997 |
| Silver Lake 3 Bedroom Apartments | $2,348 | $1,350 | $3,519 |
Browse Top Apartments in Silver Lake
See all Apartments in Silver LakeExplore Silver Lake
Silver Lake, MN Local Guide
- Nearby Cities
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- Local Counties
- School Districts
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Howard Lake Apartments | 1 Bed Subsidized units | 1BR,1BA | $675 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $800 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $900 |
| Country Club Manor | 2 Bedroom 2 Bathroom | 2BR,2BA | $1,020 |
| Shoreline Place | 2 bed / 1 ba | 2BR,1BA | $1,059 |
| Midtown Lofts - NOW OPEN! | Regency | Studio,1BA | $1,065 |
| Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1,120 |
| Minnetonka Edgewater | Newly Renovated Studio | Studio,1BA | $1,150 |
| Parkview Terrace | Interior, Remodeled | 2BR,1BA | $1,150 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 821 7th Ave NW | 2 Bed | 2BR,2BA | $1.40 |
| Ward Rentals in Hutchinson | 1/2 off Special! 2 Bed Upper Level Split | 2BR,2BA | $1.47 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Wolverine Meadows | 2 Bedroom 2 Bath | 2BR,2BA | $1.44 |
| Bayview Apartments | 1BR | 1BR,1BA | $1.39 |
| Country Club Manor | 2 Bedroom 2 Bathroom | 2BR,2BA | $1.15 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $1.06 |
| Parkview Terrace | Interior, Remodeled | 2BR,1BA | $1.40 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $1.23 |
| Howard Lake Apartments | 1 Bed Subsidized units | 1BR,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.
Read ArticleThe 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.
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
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.












