Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (34 Rentals)

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

property at 1220 University Ct

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600
Total Monthly Price
$600

1 Bedroom, 1 Bath Condo for Rent

Available Now

1220 University Ct, Unit 102

1220 University Ct
RaleighNC27606

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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

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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Cash 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.

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property at 1518 Ashburton Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950
Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Aug 1

1518 Ashburton Rd

RaleighNC27606

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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Showing Results 1-34, Page 1 of 1

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 $970. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,002. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Aurella CaryThe Camillia1BR,1BA$970
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,002
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,069
Regency PlaceTristan1BR,1BA$1,077
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,165
Woodcreek ApartmentsThe Hampton1BR,1BA$1,184
South Valley ApartmentsThe Terrace2BR,1BA$1,247
Park at CrossroadsA11BR,1BA$1,255
The Lodge at CrossroadsGrace1BR,1BA$1,300
Centerview at CrossroadsBarcelona1BR,1BA$1,305

Best Value Apartments for Rent in Silver Lake, NC

As of May 31, 2026 the best value apartment in the Silver Lake area is the $0.59 price per square foot 3x3 Model at Centennial Village Student Housing in the in the Lakeside neighborhood starting from $719. The second greatest value Silver Lake apartment is the The Currituck Model at The Enclave at Crossroads starting at $1,447 with a $1.21 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$0.59
The Enclave at CrossroadsThe Currituck2BR,2BA$1.21
1820 at Centennial3x33BR,3BA$0.61
Gorman Crossings3B3BR,2BA$1.48
Williamsburg Manor2 Bed 1.5 Bath Renovated W/D Connection2BR,1.5BA$1.56
The Franklin at CrossroadsB32BR,2BA$1.49
Campus Edge2x2 Platinum2BR,2BA$0.99
South Valley ApartmentsThe Terrace2BR,1BA$1.47
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1.32
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1.50

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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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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Quick 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.

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Best Local Schools in
Silver Lake, Raleigh, NC

School data provided by Great Schools

Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 61 Apartments for Rent in Silver Lake, NC with pricing that ranges from $620 to $12,511. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $500 to $3,950.

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 $500 to $3,950 with an average monthly rent of $1,616.

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 $625 to $3,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $2,930. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $620.

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.

Helpful Local Expert Guides

decorative image for A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

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.

decorative image for Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh article

Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Raleigh

Written by: Chris Munier

Student apartments are not always easy to find in every location, but that’s not the case in the university-rich city of Raleigh, North Carolina.

decorative image for Discover Terrific Apartment Opportunities Near Raleighs Largest Employers article

Discover Terrific Apartment Opportunities Near Raleighs Largest Employers

Written by: Chris Munier

Did you recently land a new job in Raleigh but can’t find a suitable place to live? This is a common issue for working professionals making career changes, especially in a transplant-heavy area like Raleigh.

decorative image for Discover Raleigh, North Carolina: A Locals Take on the City of Oaks article

Discover Raleigh, North Carolina: A Locals Take on the City of Oaks

Written by: Chris Munier

Greetings from Chris Munier, your resident expert on Raleigh, North Carolina. If you're thinking of moving to this central-NC community, then I’m here to help you scope out its top qualities.

Articles, How-To's, and Tips

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.