Cheap Homes for Rent in Silver Lake, MN from $1,100 (9 Rentals)

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

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.

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.

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 45 N High Dr NW in the Downtown Hutchinson neighborhood priced from $695. Mansard Apartments in the Downtown Hutchinson neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $900. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
45 N High Dr NW2 bedroom2BR,1BA$695
Mansard ApartmentsTwo Bedroom and 1 Bath2BR,1BA$900
Evergreen Square Apartments1 bedroom1BR,1BA$990

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

As of June 06, 2025 the best value apartment in the Silver Lake area is the $1.10 price per square foot Two Bedroom Model at 803 W Main St in the starting from $1,050. The second greatest value Silver Lake apartment is the 2 bedroom Model at Evergreen Square Apartments starting at $1,200 with a $1.27 price per square foot in the Willow Glen Carriage 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.
803 W Main StTwo Bedroom2BR,2BA$1.10
Evergreen Square Apartments2 bedroom2BR,1BA$1.27
Wolverine Meadows2 Bedroom 2 Bath2BR,2BA$1.44
Mansard ApartmentsTwo Bedroom and 1 Bath2BR,1BA$1.00
Village Place Apartments 55+2 Bedroom2BR,1BA$1.59
Langdon Lake Apartments2 BR/1 BA2BR,1BA$1.41
45 N High Dr NW2 bedroom2BR,1BA$0.82
Lake Point South Apartments1 Bedroom1BR,1BA$1.31
36 Jefferson Ave E1 Bed1BR,1BA$1.11
Dockside Apartments on Lake MinnetonkaThe Reflection1BR,1BA$1.56

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Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 53 Apartments for Rent in Silver Lake, MN with pricing that ranges from $695 to $3,852. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $1,100 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 $1,100 to $15,000 with an average monthly rent of $3,314.

How much are larger Three and Four Bedroom Rentals in Silver Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Silver Lake range from $1,150 to $3,852, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $7,500. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $2,400.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.