Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $600 (26 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Penwood Apartments
1 to 3 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Included
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Regency Place
1 to 2 Bedroom Apartments

Regency Place

6210 St Regis CirRaleigh, NC 27606

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 The Retreat at Lake Johnson Apartments priced from $993. Aurella Cary has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,030. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$993
Aurella CaryThe Iris1BR,1BA$1,030
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,065
Regency PlaceTristan1BR,1BA$1,128
Gorman Crossings2B2BR,1BA$1,155
The Enclave at CrossroadsThe Roanoke1BR,1BA$1,178
Remington PlaceFairfield II1BR,1BA$1,195

Best Value Apartments for Rent in Silver Lake, NC

As of October 05, 2025 the best value apartment in the Silver Lake area is the $1.14 price per square foot C1/C2 - Grandview Model at Trailwood Crossing Apartments in the in the Lakeside neighborhood starting from $1,631. The second greatest value Silver Lake apartment is the 3E Model at Gorman Crossings starting at $1,755 with a $1.33 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.
Trailwood Crossing ApartmentsC1/C2 - Grandview3BR,2BA$1.14
Gorman Crossings3E3BR,2.5BA$1.33
Campus Edge3x3 Platinum3BR,3BA$0.71
Centennial Village Student Housing3x33BR,3BA$0.54
1820 at Centennial3x33BR,3BA$0.82
Williamsburg Manor2 Bed 1.5 Bath Renovated WD2BR,1.5BA$1.28
The Retreat at Lake Johnson ApartmentsC1 - Chicory3BR,2BA$1.52
Ashborough ApartmentsThe Cassat B22BR,2BA$1.32
Remington PlaceFairfield II1BR,1BA$1.19
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.32

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Silver Lake, Raleigh, NC

Ranked #75

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 The Retreat at Lake Johnson Apartments which is listed at $993, while the average apartment in Silver Lake costs $1,774.

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 23 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 $384 which is $1,390 cheaper than the average rent for all rentals in Silver Lake.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.