Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $583 (42 Rentals)

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

property at 2120 Wolftech Ln

$625

Total Monthly Price

Total Monthly Price

Base Rent
$625

Total Monthly Price
$625

4 Bedroom, 4 Bath Condo for Rent

Available Now

2120 Wolftech Ln, Unit 204

2120 Wolftech Ln
RaleighNC27603
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

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property at 1420 Collegiate Cir

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Condo for Rent

Available Now

1420 Collegiate Cir

RaleighNC27606
property at 1420 Collegiate Cir

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Condo for Rent

Available Now

1420 Collegiate Cir

RaleighNC27606

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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
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Rise Silver Lake
1 to 2 Bedroom Apartments

Rise Silver Lake

1909 Eyrie CtRaleigh, NC 27606

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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 $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 ListingModel NameBed/BathPriced From
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$920
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$986
Aurella CaryThe Camillia1BR,1BA$1,050
Regency PlaceTristan1BR,1BA$1,194
Rise Silver LakeA1 - Gold1BR,1BA$1,200
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,206
Amberwood at LochmereMimosa2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
University Suites Student Housing3X33BR,3BA$0.58
1440 Collegiate Cir, Unit 1041440 Collegiate Cir4BR,4BA$0.46
2021 Wolf Tech Ln, Unit 2042021 Wolf Tech Ln4BR,4BA$0.46
3770 Pardue Woods Pl, Unit 3013770 Pardue Woods Pl3BR,3BA$0.48
Campus Edge3x3 Platinum3BR,3BA$0.76
Centennial Village Student Housing3x33BR,3BA$0.49
1820 at Centennial3x33BR,3BA$0.62
5317way2BR/2.5BA2BR,2.5BA$1.27
Campus West at Tryon3X33BR,3BA$0.67
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1.22

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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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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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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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