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modified
22 Hours Ago

Location

1515 3rd Ave Ne, Rochester, MN 55906, USA
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Management

Tealwood Property Management

Leasing office

(507) 289-8982

Floor plans

1BR/1.0BA1 bed1 bath$1,025–$1,155 /mo2 units availableAffordable Unfurnished Apartment. Located only 2 blocks behind Silver Lake Grocery store and other RESTAURANTS. The BUSLINE is only about 2 blocks away and brings you DOWNTOWN IN FIVE MINUTES picking up approximately every half hour or less. The neighborhood is clean, quiet, and friendly with a beautiful LAKE SIDE PARK just a few blocks away and nearby access to the extensive bike paths in Rochester. Laundry facilities are in each building. There are off-street parking spots available ($35 extra per month) otherwise plenty of 24/7 street parking available (no permit required). Owner Pays: Heat, Water, Sewer, Garbage, and Gas Resident Responsible: Electric, and if desired TV Service, Internet, & Phone Service Price is for a one year lease Rent $1155/Month Security Deposit: $1180

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Policies and fees

Applicants

Applicants

One-time.

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REQUIRED FEES

Security Deposit

One-time. Refundable.

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Building details

Property details

Units16
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About Silver Lake Apartments Bldg 3

HomeApartments in Rochester Silver Lake Apartments Bldg 3

Affordable Unfurnished Apartment. Located only 2 blocks behind Silver Lake Grocery store and other RESTAURANTS. The BUSLINE is only about 2 blocks away and brings you DOWNTOWN IN FIVE MINUTES picking up approximately every half hour or less. The neighborhood is clean, quiet, and friendly with a beautiful LAKE SIDE PARK just a few blocks away and nearby access to the extensive bike paths in Rochester. Laundry facilities are in each building. There are off-street parking spots available ($35 extra per month) otherwise plenty of 24/7 street parking available (no permit required). Owner Pays: Heat, Water, Sewer, Garbage, and Gas Resident Responsible: Electric, and if desired TV Service, Internet, & Phone Service Price is for a one year lease Rent $1155/Month Security Deposit: $1180


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Rent trends in Rochester

1-bedroom apartments at Silver Lake Apartments Bldg 3 cost about 27% less than the average rent price for 1-bedroom apartments in Rochester.

Median rents as of Apr 18 2026.
Rochester
A table of studio rental data trends in Rochester
MonthMedian Rent
May 2024$1,105
June 2024$1,171
July 2024$1,105
August 2024$1,105
September 2024$1,146
October 2024$1,171
November 2024$1,166
December 2024$1,149
January 2025$1,172
February 2025$1,195
March 2025$1,174
April 2025$1,158
May 2025$1,167
June 2025$1,160
July 2025$1,080
August 2025$1,180
September 2025$1,195
October 2025$1,218
November 2025$1,198
December 2025$1,240
January 2026$1,295
February 2026$1,318
March 2026$1,307
April 2026$1,274

Affordability calculator

Can I afford to live at 1515 3rd Ave Ne?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$41,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $41,000 annually to afford this 1-bedroom monthly rent price of $1,025.
For more information on rent affordability, visit our rent calculator.

Schools near Silver Lake Apartments Bldg 3

Jefferson Elementary School

1201 10th ave ne

rochester, MN, 55906

PK, K-5Public
A-

Hoover Early Learning School

369 elton hills dr nw

rochester, MN, 55901

PKPublic

Washington Elementary School

1200 11th ave nw

rochester, MN, 55901

K-5Public
B+

RPS Online Elementary School

615 7th st sw

rochester, MN, 55902

K-5Public
B

Early Childhood Intervention

615 7th street sw

rochester, MN, 55902

PKPublic
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Internet available near Silver Lake Apartments Bldg 3

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Rochester near 1515 3rd Ave Ne

Walking

7/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

8/10
Helmets on–you can get anywhere in this cyclist-friendly, well-connected area.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 1515 3rd Ave Ne, Rochester

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

3/10
Some shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

2/10
Closest high school further than a 30-minute walk

Nightlife

4/10
Some bars within walking distance

Explore the area around 1515 3rd Ave Ne

Broadway Grocery
1005 Broadway Ave N
Lee Market
1116 9th St NE
Asian Pacific Market
611 6th Ave NW
International Spices & Grocery
125 E Center St
Asian Food Store
1010 7th St NW

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