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Silver Lake Commons receives a strong Zumper Expert Rating, indicating its desirable characteristics. The property offers numerous advantages, such as modern amenities and a favorable location, while notable features enhance its appeal. It's a great choice for those seeking comfort and convenience in their living environment.
Things you’ll love
Great for
| 1BR/1.0BA | 1 bed | 1 bath | 617 sqft | $1,200 /mo | 1 unit available | Silver Lake Commons participates in an affordable housing program. Household income & student status limitations apply. The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third party verification will be required of all income and copies of tax returns and pay stubs may be required. Total household income must be UNDER the following limits based on household size: - 1 Occupant: $49,680 - 2 Occupants: $56,760 - 3 Occupants: $63,840 - 4 Occupants: $70,920 - 5 Occupants: $76,620 - 6 Occupants: $82,320 Rent rates are subject to change yearly based upon HUD's adjustment of the income limits for the specified area. If the area's average median income increases, rent rates will increase as well. Housing Vouchers Accepted Dogs and Cats allowed with a $500 deposit and $15 cat $25 dog monthly pet rent Applications will be available online. Each application is $60 per adult and can be paid with a credit or debit card. Also required $300 holding fee due within 24 hours of applying. Application is based on income (must make 2.5x rent, or have voucher) , credit, rental history and includes a criminal background check. | |
| 2BR/1.0BA | 2 bed | 1 bath | 861 sqft | $1,350 /mo | 2 units available | Silver Lake Commons participates in an affordable housing program. Household income & student status limitations apply. The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third party verification will be required of all income and copies of tax returns and pay stubs may be required. Total household income must be UNDER the following limits based on household size: - 1 Occupant: $49,680 - 2 Occupants: $56,760 - 3 Occupants: $63,840 - 4 Occupants: $70,920 - 5 Occupants: $76,620 - 6 Occupants: $82,320 Rent rates are subject to change yearly based upon HUD's adjustment of the income limits for the specified area. If the area's average median income increases, rent rates will increase as well. Housing Vouchers Accepted Dogs and Cats allowed with a $500 deposit and $15 cat $25 dog monthly pet rent Applications will be available online. Each application is $60 per adult and can be paid with a credit or debit card. Also required $300 holding fee due within 24 hours of applying. Application is based on income (must make 2.5x rent, or have voucher) , credit, rental history and includes a criminal background check. |
Let's explore this property.
Building
| Cats OK |
One-time.
One-time. Refundable.
Contact for more information on pet policy.
Questions about this property’s policies and fees?
| Units | 50 |
|---|
Silver Lake Commons participates in an affordable housing program. Household income & student status limitations apply. The household income is based on GROSS annual income (before any deductions) earned from all sources including; wages, social security payments, public assistance, pensions, annuities, interest income, dividends, stocks, bonds, insurance settlements, recurring gifts from family/friends, lottery winnings, etc. The property has a minimum household income requirement of 2.5 times the monthly rent amount to qualify. Third party verification will be required of all income and copies of tax returns and pay stubs may be required. Total household income must be UNDER the following limits based on household size: - 1 Occupant: $49,680 - 2 Occupants: $56,760 - 3 Occupants: $63,840 - 4 Occupants: $70,920 - 5 Occupants: $76,620 - 6 Occupants: $82,320 Rent rates are subject to change yearly based upon HUD's adjustment of the income limits for the specified area. If the area's average median income increases, rent rates will increase as well. Housing Vouchers Accepted Dogs and Cats allowed with a $500 deposit and $15 cat $25 dog monthly pet rent Applications will be available online. Each application is $60 per adult and can be paid with a credit or debit card. Also required $300 holding fee due within 24 hours of applying. Application is based on income (must make 2.5x rent, or have voucher) , credit, rental history and includes a criminal background check.
How Silver Lake Commons compares to other nearby properties.
Positives
Considerations
1-bedroom apartments here are priced 26% lower than 1-bedrooms in Arden Hills - Shoreview.
If you decide to upgrade your space, you can expect 2-bedrooms at Silver Lake Commons to be 7% less than the average for similarly sized apartments in Arden Hills - Shoreview.
| Month | Median Rent |
|---|---|
| February 2024 | $1,010 |
| March 2024 | $1,161 |
| April 2024 | $1,178 |
| May 2024 | $1,415 |
| June 2024 | $1,218 |
| July 2024 | $1,405 |
| August 2024 | $1,299 |
| September 2024 | $1,255 |
| October 2024 | $1,254 |
| November 2024 | $1,099 |
| December 2024 | $1,255 |
| January 2025 | $1,396 |
| February 2025 | $1,344 |
| March 2025 | $1,203 |
| April 2025 | $1,083 |
| May 2025 | $1,203 |
| June 2025 | $1,417 |
| July 2025 | $1,441 |
| August 2025 | $1,391 |
| September 2025 | $1,348 |
| October 2025 | $1,450 |
| November 2025 | $1,368 |
| December 2025 | $1,397 |
| January 2026 | $1,417 |
| Month | Median Rent |
|---|---|
| February 2024 | $1,010 |
| March 2024 | $1,161 |
| April 2024 | $1,178 |
| May 2024 | $1,415 |
| June 2024 | $1,218 |
| July 2024 | $1,405 |
| August 2024 | $1,299 |
| September 2024 | $1,255 |
| October 2024 | $1,254 |
| November 2024 | $1,099 |
| December 2024 | $1,255 |
| January 2025 | $1,396 |
| February 2025 | $1,344 |
| March 2025 | $1,203 |
| April 2025 | $1,083 |
| May 2025 | $1,203 |
| June 2025 | $1,417 |
| July 2025 | $1,441 |
| August 2025 | $1,408 |
| October 2025 | $1,450 |
| December 2025 | $1,425 |
| January 2026 | $1,417 |
Can I afford to live at 2651 Mounds View Blvd?
Bedrooms
Rent-to-income ratio
30%
$48,000/yr
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