Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $600 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Silver Lake area of Raleigh.

property at 1220 University Ct

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1 Bath Condo for Rent

Available Now

1220 University Ct, Unit 102

1220 University Ct
RaleighNC27606
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2002 Technology Woods Dr
$620
Total Monthly Price

Total Monthly Price

Base Rent
$620
Total Monthly Price
$620
1 to 4 Bedroom Apartment Available Now

2002 Technology Woods Dr

2002 Technology Woods DrRaleigh, NC 27603
Cost Per Sq.Ft.

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property at 1911 Wolftech Ln

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625
Total Monthly Price
$625

1 Bedroom, 1 Bath Condo for Rent

Available Now

1911 Wolftech Ln, Unit 104

1911 Wolftech Ln
RaleighNC27603

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 1518 Ashburton Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1518 Ashburton Rd

RaleighNC27606

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Silver Lake, Raleigh, NC Local Guide

Cheapest Available Silver Lake Apartments for Rent

 

The cheapest available apartment rental in the Silver Lake area of Raleigh, NC is a 1 Bed unit found at Aurella Cary priced from $970. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,002. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Aurella CaryThe Camillia1BR,1BA$970
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,002
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,069
Regency PlaceTristan1BR,1BA$1,077
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,165
Woodcreek ApartmentsThe Hampton1BR,1BA$1,184
South Valley ApartmentsThe Terrace2BR,1BA$1,247
Park at CrossroadsA11BR,1BA$1,255
The Lodge at CrossroadsGrace1BR,1BA$1,300
Centerview at CrossroadsBarcelona1BR,1BA$1,305

Best Value Apartments for Rent in Silver Lake, NC

As of May 31, 2026 the best value apartment in the Silver Lake area is the $0.59 price per square foot 3x3 Model at Centennial Village Student Housing in the in the Lakeside neighborhood starting from $719. The second greatest value Silver Lake apartment is the The Currituck Model at The Enclave at Crossroads starting at $1,447 with a $1.21 price per square foot in the Lakeside neighborhood. Here is today’s list of the best values for Silver Lake apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Centennial Village Student Housing3x33BR,3BA$0.59
The Enclave at CrossroadsThe Currituck2BR,2BA$1.21
1820 at Centennial3x33BR,3BA$0.61
Gorman Crossings3B3BR,2BA$1.48
Williamsburg Manor2 Bed 1.5 Bath Renovated W/D Connection2BR,1.5BA$1.56
The Franklin at CrossroadsB32BR,2BA$1.49
Campus Edge2x2 Platinum2BR,2BA$0.99
South Valley ApartmentsThe Terrace2BR,1BA$1.47
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1.32
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1.50

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Top Neighborhoods Near Raleigh Colleges and Universities

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Raleigh, NC metro area for affordable living. Find your perfect Raleigh Student apartment, condo, or rental home today.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Best Local Schools in
Silver Lake, Raleigh, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across North Carolina including Silver Lake, Raleigh, and the greater Raleigh area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, pet-friendly features, apartment communities for the kids, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Silver Lake Apartments

What is the price of a cheap apartment in Silver Lake?

The cheapest apartment in Silver Lake is Aurella Cary which is listed at $970, while the average apartment in Silver Lake costs $1,818.

What types of apartments are the cheapest in Silver Lake?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Silver Lake that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Silver Lake?

Cheap apartments in Silver Lake have an average cost of $247 which is $1,571 cheaper than the average rent for all rentals in Silver Lake.

Expert Rental Resources

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.

Helpful Local Expert Guides

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

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Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

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Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.