
Cheap Homes for Rent in Silver Lake, MN from $600 (5 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Lake.


460 Rose Ln NE

412 W Main St

255 6th Ave NE

619 S Armstrong Ave
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 | $1,768 | $1,000 | $2,492 |
Silver Lake 3 Bedroom Homes for Rent | $2,767 | $1,300 | $4,000 |
Silver Lake 4 Bedroom Homes for Rent | $2,903 | $1,695 | $8,995 |
Silver Lake 5 Bedroom Homes for Rent | $3,240 | $2,900 | $3,580 |
Browse Top Homes for Rent in Silver Lake
Explore Silver Lake
Silver Lake, MN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Silver Lake, MN
Pricing Updated: 03/20/2025Current apartment rentals in the Silver Lake, MN area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Silver Lake Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|
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. Autumn Glen Townhomes 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 |
---|---|---|---|
45 N High Dr NW | 2 bedroom | 2BR,1BA | $695 |
Autumn Glen Townhomes | 1 Bedroom | 1BR,1BA | $800 |
Evergreen Square Apartments | 1 bedroom | 1BR,1BA | $990 |
Best Value Apartments for Rent in Silver Lake, MN and Nearby
As of March 21, 2025 the best value apartment in the Silver Lake area is the $1.19 price per square foot 717 9th St NW Model at 717 9th St NW in the in the Willow Glen Carriage neighborhood starting from $2,149. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
717 9th St NW | 717 9th St NW | 4BR,2BA | $1.19 |
Evergreen Square Apartments | 2 bedroom | 2BR,1BA | $1.27 |
Wolverine Meadows | 2 Bedroom 1 Bath | 2BR,1BA | $1.41 |
Village Place Apartments 55+ | 2 Bedroom | 2BR,1BA | $1.59 |
Riverwalk Apartments | 2 bedroom 1 bath | 2BR,1BA | $1.35 |
45 N High Dr NW | 2 bedroom | 2BR,1BA | $0.82 |
Parkview Terrace | Corner, remodeled | 2BR,1BA | $1.25 |
Lake Point South Apartments | 1 Bedroom | 1BR,1BA | $1.31 |
Autumn Glen Townhomes | 1 Bedroom | 1BR,1BA | $1.06 |
Dockside Apartments on Lake Minnetonka | The Reflection | 1BR,1BA | $1.56 |
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.
Frequently Asked Questions about Silver Lake
What type of rentals are currently available in Silver Lake?
There are currently 51 Apartments for Rent in Silver Lake, MN with pricing that ranges from $695 to $3,450. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $695 to $8,995.
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 $695 to $8,995 with an average monthly rent of $2,285.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.