
Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $583 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the Silver Lake area of Raleigh.


Room in House on Ravel St

3000 Centennial Woods Dr

Room in Condo on University Ct

2031 Wolfmill Dr

2120 Wolftech Ln, Unit 204

1911 Wolftech Ln, Unit 104

Room in Condo on University Ct
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2011 Wolfmill Dr, Unit 104

Total Monthly Price
2021 Wolf Tech Ln, Unit 204

Total Monthly Price
3770 Pardue Woods Pl, Unit 301

Total Monthly Price
1440 Collegiate Cir, Unit 104

Room in Condo on Collegiate Cir

2021 Wolf Tech Ln

Room in Condo on Crab Orchard Dr

Room in House on Old Farm Rd
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1351 Crab Orchard Dr, Unit 302

1420 Collegiate Cir, Unit 102

1420 Collegiate Cir

1431 Collegiate Cir, Unit 301 #1

1420 Collegiate Cir

Room in Condo on Wolfmill Dr

1420 Collegiate Cir, Unit 201

1230 University Ct
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1230 University Ct, Unit -002

1230 University Ct, Unit -002

1431 Collegiate Cir, Unit 304

The Retreat at Lake Johnson Apartments

Trailwood Crossing Apartments

1513 Leanne Ct, Unit 1

1241 University Ct, Unit 002

1440 Collegiate Cir
Raleigh's Best Affordable Neighborhoods
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2021 Wolf Tech Ln

1251 University Ct

1420 Collegiate Cir

2020 University Woods Rd

Penwood Apartments

Regency Place

Rise Silver Lake

Room in Townhome on Macedonia Lake Dr
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Aurella Cary

Woodcreek Apartments
Silver Lake, Raleigh, NC Local Guide

How much does it cost to rent an apartment in Silver Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Lake Studio Apartments | $1,253 | $1,253 | $1,253 |
| Silver Lake 1 Bedroom Apartments | $1,449 | $600 | $4,150 |
| Silver Lake 2 Bedroom Apartments | $1,773 | $1,157 | $5,167 |
| Silver Lake 3 Bedroom Apartments | $1,907 | $625 | $3,416 |
| Silver Lake 4 Bedroom Apartments | $611 | $583 | $625 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the Silver Lake Neighborhood of Raleigh, NC.
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Silver Lake, Raleigh, NC Local Guide
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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 The Retreat at Lake Johnson Apartments priced from $920. Trailwood Crossing Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $986. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $920 |
| Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $986 |
| Aurella Cary | The Camillia | 1BR,1BA | $1,050 |
| Regency Place | Tristan | 1BR,1BA | $1,194 |
| Rise Silver Lake | A1 - Gold | 1BR,1BA | $1,200 |
| The Summit at Avent Ferry | 1 Bed 1 Bath Renovated | 1BR,1BA | $1,206 |
| Amberwood at Lochmere | Mimosa | 2BR,1BA | $1,225 |
Best Value Apartments for Rent in Silver Lake, NC
As of August 30, 2026 the best value apartment in the Silver Lake area is the $0.58 price per square foot 3X3 Model at University Suites Student Housing in the in the Lakeside neighborhood starting from $799. The second greatest value Silver Lake apartment is the 1440 Collegiate Cir Model at 1440 Collegiate Cir, Unit 104 starting at $625 with a $0.46 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Suites Student Housing | 3X3 | 3BR,3BA | $0.58 |
| 1440 Collegiate Cir, Unit 104 | 1440 Collegiate Cir | 4BR,4BA | $0.46 |
| 2021 Wolf Tech Ln, Unit 204 | 2021 Wolf Tech Ln | 4BR,4BA | $0.46 |
| 3770 Pardue Woods Pl, Unit 301 | 3770 Pardue Woods Pl | 3BR,3BA | $0.48 |
| Campus Edge | 3x3 Platinum | 3BR,3BA | $0.76 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.49 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.62 |
| 5317way | 2BR/2.5BA | 2BR,2.5BA | $1.27 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.67 |
| Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $1.22 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 The Retreat at Lake Johnson Apartments which is listed at $920, while the average apartment in Silver Lake costs $1,495.
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 14 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 $194 which is $1,301 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.
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