
Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $600 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in the Silver Lake area of Raleigh.


3020 Centennial Woods Dr, Unit 103

1220 University Ct, Unit 102

3770 Pardue Woods Pl, Unit 301

1440 Collegiate Cir, Unit 104
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.

Room in Condo on University Ct

Room in Condo on Collegiate Cir

Room in Condo on Pardue Woods Pl

Room in Condo on Wolfmill Dr

2002 Technology Woods Dr

1911 Wolftech Ln, Unit 302
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.

1911 Wolf Tech Ln

1033 Oak Lake Ct, Unit Downstairs Bedroom

The Retreat at Lake Johnson Apartments

Ashborough Apartments

The Enclave at Crossroads

The Summit at Avent Ferry
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Gorman Crossings

Trailwood Crossing Apartments

2021 Wolf Tech Ln
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

7011 Almaden Way
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 | $1,224 | $1,224 | $1,224 |
| Silver Lake 1 Bedroom Apartments | $1,314 | $625 | $3,836 |
| Silver Lake 2 Bedroom Apartments | $1,596 | $940 | $4,988 |
| Silver Lake 3 Bedroom Apartments | $1,689 | $625 | $2,935 |
| Silver Lake 4 Bedroom Apartments | $2,184 | $894 | $6,057 |
Browse Apartments in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Silver Lake Neighborhood of Raleigh, NC.
See all Apartments in RaleighExplore Raleigh
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 $962. Aurella Cary has the second lowest priced unit, which is a 1 Bed apartment currently listed from $985. 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 | $962 |
| Aurella Cary | The Camillia | 1BR,1BA | $985 |
| The Enclave at Crossroads | The Roanoke | 1BR,1BA | $1,042 |
| The Summit at Avent Ferry | 1 Bed 1 Bath Prior Renovated | 1BR,1BA | $1,045 |
| Regency Place | Tristan | 1BR,1BA | $1,046 |
| Gorman Crossings | 2B | 2BR,1BA | $1,075 |
| Woodcreek Apartments | The Hampton | 1BR,1BA | $1,076 |
Best Value Apartments for Rent in Silver Lake, NC
As of January 05, 2026 the best value apartment in the Silver Lake area is the $0.48 price per square foot 3770 Pardue Woods Pl Model at 3770 Pardue Woods Pl, Unit 301 in the in the Lakeside neighborhood starting from $625. The second greatest value Silver Lake apartment is the Dartmouth I Model at Remington Place starting at $1,320 with a $1.05 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. |
|---|---|---|---|
| 3770 Pardue Woods Pl, Unit 301 | 3770 Pardue Woods Pl | 3BR,3BA | $0.48 |
| Remington Place | Dartmouth I | 2BR,2BA | $1.05 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.58 |
| The Enclave at Crossroads | The Currituck | 2BR,2BA | $1.27 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.79 |
| Gorman Crossings | 3B | 3BR,2BA | $1.34 |
| Williamsburg Manor | 2 Bed 1.5 Bath Renovated W/D Connection | 2BR,1.5BA | $1.28 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.78 |
| AXIS Crossroads | A2 | 1BR,1BA | $1.38 |
| Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $1.36 |
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.
Read ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleTop 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.
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 $962, while the average apartment in Silver Lake costs $1,716.
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 18 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 $305 which is $1,411 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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.




