Zumper
modified
1 Day Ago

Highlights

  • Laundry facilities
  • Off-street parking spots
  • Affordable unfurnished apartment

Location

1511 3rd Ave Ne, Rochester, MN 55906, USA
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Contact

Management

Tealwood Property Management

Leasing office

(507) 289-8982

Property Overview

Silver Lake Apartments Bldg 2 stands out with a comprehensive Zuмper expert rating of 7.8, reflecting its competitive pricing, strong amenities, and prime location scoring 9 out of 10. The property features essential amenities such as laundry facilities and off-street parking, while offering a quiet environment suited for remote work. Additionally, it provides utilities included in rent, enhancing its overall appeal and trustworthiness for prospective renters.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Silver Lake Apartments Bldg 2 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Silver Lake Apartments Bldg 2 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby

Great for

  • Work-from-home

Floor plans

1BR/1.0BA1 bed1 bath$1,155 /mo1 unit 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

Units17
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About Silver Lake Apartments Bldg 2

HomeApartments in Rochester Silver Lake Apartments Bldg 2

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


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 Good
With a solid 8.3 out of 10 overall, Silver Lake Apartments Bldg 2 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Silver Lake Apartments Bldg 2 has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated Silver Lake Apartments Bldg 2
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 2 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 2 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 2 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 2 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 2 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.

Silver Lake Apartments Bldg 2 is great for:

Work-from-home

  • High speed internet is an amenity
  • Utilities included in the rent
  • 2 office supply stores within 1 mile
  • 1 internet service provider option nearby

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 2 compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.5 mile away

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Rent trends in Rochester

1-bedroom apartments at Silver Lake Apartments Bldg 2 cost about 18% 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 1511 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

$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 2

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 2

Neighborhood

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

Getting around Rochester near 1511 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 1511 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

5/10
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

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