Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (20 Rentals)

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

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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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.

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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.

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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 $1,090. Woodcreek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,182. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Aurella CaryThe Camillia1BR,1BA$1,090
Woodcreek ApartmentsThe Lakehurst1BR,1BA$1,182
Remington PlaceFairfield I1BR,1BA$1,194
Windsor At Tryon VillageA21BR,1BA$1,203
Amberwood at LochmereBirch3BR,2BA$1,236

Best Value Apartments for Rent in Silver Lake, NC

As of July 28, 2025 the best value apartment in the Silver Lake area is the $0.54 price per square foot 3x3 Model at Centennial Village Student Housing in the in the Lakeside neighborhood starting from $649. The second greatest value Silver Lake apartment is the B3 - Timberland Model at Trailwood Crossing Apartments starting at $1,470 with a $1.26 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$0.54
Trailwood Crossing ApartmentsB3 - Timberland2BR,2BA$1.26
Wildwoods Of Lake Johnson2B2BR,2BA$1.59
Gorman Crossings2B2BR,1.5BA$1.43
The Retreat at Lake Johnson ApartmentsB1 - Larkspur2BR,2BA$1.48
AXIS CrossroadsA2R1BR,1BA$1.46
611 Smithdale Dr, Unit 611 Smithdale611 Smithdale Dr2BR,1.5BA$1.50
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.39
Remington PlaceFairfield I1BR,1BA$1.37
Newly Renovated South Valley ApartmentsUpstairs2BR,1BA$1.58

Quick Rent Budget Calculator

How much rent can you afford?

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Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 51 Apartments for Rent in Silver Lake, NC with pricing that ranges from $470 to $5,899. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $550 to $5,000.

What is the current price range for Rental Homes in Silver Lake?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Silver Lake ranges from $550 to $5,000 with an average monthly rent of $2,312.

How much are larger Three and Four Bedroom Rentals in Silver Lake?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Silver Lake range from $935 to $5,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,132 and Four Bedroom Apartments start at $470.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.