
Cheap Homes for Rent in Silver Lake, MN from $700 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Lake.


551 Milky Way St S

108 3rd St W

255 6th Ave NE
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.

805-1/2 4th Ave NE

331 3rd St E

106 Juniper St S

530 Simon Ave W
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.
Silver Lake, MN Local Guide

How much does it cost to rent a home in Silver Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Lake 2 Bedroom Homes for Rent | $1,246 | $795 | $1,800 |
| Silver Lake 3 Bedroom Homes for Rent | $2,848 | $1,250 | $8,000 |
| Silver Lake 4 Bedroom Homes for Rent | $6,897 | $1,799 | $10,000+ |
| Silver Lake 5 Bedroom Homes for Rent | $4,888 | $3,200 | $8,500 |
Browse Top Homes for Rent in Silver Lake
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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 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 | 1BR,1BA | $675 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $800 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $900 |
Best Value Apartments for Rent in Silver Lake, MN and Nearby
As of November 03, 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 UpperLevel Model at Ward Rentals in Hutchinson starting at $1,625 with a $1.32 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 UpperLevel | 2BR,2BA | $1.32 |
| Langdon Lake Apartments | 2 BR/1 BA | 2BR,1BA | $1.25 |
| Bayview Apartments | 1BR | 1BR,1BA | $1.39 |
| Prairie Village | Timber Lea Terrace 2 Bedroom | 2BR,1BA | $1.19 |
| Mansard Apartments | Two Bedroom and 1 Bath | 2BR,1BA | $1.06 |
| Parkview Terrace | Corner | 2BR,1BA | $1.16 |
| Country Club Manor | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.31 |
| 907 Dale St Apartments | 1 Bedroom | 1BR,1BA | $1.23 |
| Howard Lake Apartments | 1 Bed | 1BR,1BA | $1.40 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read ArticleDon'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
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Silver Lake, MN
Frequently Asked Questions about Silver Lake
What type of rentals are currently available in Silver Lake?
There are currently 58 Apartments for Rent in Silver Lake, MN with pricing that ranges from $675 to $3,670. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $795 to $15,000.
What is the current price range for Rental Homes in Silver Lake?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Silver Lake ranges from $795 to $15,000 with an average monthly rent of $3,555.
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.