Updated 52 Minutes Ago
Location
300 16th St Ne, Rochester, MN 55906, USA
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Property Overview
Silver Lake Apartments Bldg 5 offers a balanced mix of appeal with its Zumper expert rating, positive pros, and notable features. It stands out as a well-rounded option with qualities that may match a range of renter needs and preferences.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Middle school nearby- Elementary school nearby
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $1,155 /mo | 1 unit available |
Let's explore this property.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 17 |
|---|
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About Silver Lake Apartments Bldg 5
Silver Lake Apartments Bldg 5 cost $1,155 per month. Located at 300 16th St Ne, Rochester, MN 55906, USA, Silver Lake Apartments Bldg 5 has 1 bedroom units available. Based on the average rent price of 1 bedroom in Rochester, renting an apartment at Silver Lake Apartments Bldg 5 is 15% cheaper per month.Other apartment buildings in or around Rochester include but are not limited to: 1204 2nd Ave Nw, 1721 3rd St Sw
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Silver Lake Apartments Bldg 5 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Silver Lake Apartments Bldg 5 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Silver Lake Apartments Bldg 5 offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Silver Lake Apartments Bldg 5 is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Silver Lake Apartments Bldg 5 is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Silver Lake Apartments Bldg 5 does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Silver Lake Apartments Bldg 5 provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Silver Lake Apartments Bldg 5 compares to other nearby properties.
Positives
- Middle school nearby
- There is a middle school 0.2 mile away
- Elementary school nearby
- There is an elementary school 0.4 mile away
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
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Rent trends in Rochester
1-bedroom apartments at Silver Lake Apartments Bldg 5 cost about 15% less than the average rent price for 1-bedroom apartments in Rochester.
Median rents as of Jul 18 2026.
Rochester
| Month | Median Rent |
|---|---|
| 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 | $1,273 |
| May 2026 | $1,270 |
| June 2026 | $1,238 |
| July 2026 | $1,236 |
Affordability calculator
Can I afford to live at 300 16th St Ne?
Bedrooms
1 bedroomRent-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
$46,200/yr
With your selected rent-to-income ratio, you'd ideally want to make $46,200 annually to afford this 1-bedroom monthly rent price of $1,155.
For more information on rent affordability, visit our rent calculator.
Schools near Silver Lake Apartments Bldg 5
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 5
Neighborhood
Getting around Rochester near 300 16th St Ne
Walking
6/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Points of interest for 300 16th St Ne, Rochester
Groceries
6/10
At least one grocery store within a 15-minute walk
Shopping
3/10
Some shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
5/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 300 16th St 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
Refashion Consigned Furniture
1643 Broadway Ave N
Bernie's Jewelry
1800 Broadway Ave N
Kismet Consignment Fashions
601 Broadway Ave N
On Track Boutique
200 Broadway Ave N
Tailor Maid
603 6th Ave NW
Tea Time
1617 Broadway Ave N
Starbucks
1401 Broadway Ave N
Caribou Coffee
1593 Broadway Ave N
Kung Fu Tea
1006 Broadway Ave N
Moka
1023 Broadway Ave N
Glynner's Pub
1643 Broadway Ave N
CJC Enterprises
503 Broadway Ave N
North Star Bar
503 Broadway Ave N
Qdoba Mexican Eats
180 Center St W
Chester's Kitchen & Bar
111 Broadway S
Silver Lake Liquor
1400 Broadway Ave N
Great Harvest Bread
706 Broadway Ave N
Kemps LLC
406 Broadway Ave N
Carligs Cupcakes & Such
640 19th St NW
Mill Valley Kitchen
150 Broadway Ave S
Recreation Ground
Playground
Playground
Silver Lake Park
Thompson Mill Race Park
Grandma's Kitchen
1514 Broadway Ave N
Great Wall
1516 Broadway Ave N
Burger King
1550 Broadway Ave N
McDonald's
1116 Broadway Ave N
Caribou Coffee
1593 Broadway Ave N
14th St Northeast and 3rd Avenue Northeast
Route 21 Night, Route 21 Night
14th St NE and E Silver Lake Drive NE
Route 102
14th St Northeast and 5th Avenue Northeast
Route 21 Night, Route 21 Night
14th St Northeast and 6th Avenue Northeast
Route 102
14th St Northeast and 1st Avenue Northeast
Route 21 Night, Route 21 Night, Route 102
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