Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (13 Rentals)

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

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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 $960. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,081. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
Aurella CaryThe Iris1BR,1BA$960
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,081
Remington PlaceFairfield I1BR,1BA$1,119
The Summit at Avent Ferry1 Bed 1 Bath Renovated1BR,1BA$1,155
Gorman Crossings2B2BR,1BA$1,155

Best Value Apartments for Rent in Silver Lake, NC

As of September 14, 2025 the best value apartment in the Silver Lake area is the $1.33 price per square foot 3E Model at Gorman Crossings in the in the Lakeside neighborhood starting from $1,755. The second greatest value Silver Lake apartment is the The Cezanne B4.2 Model at Ashborough Apartments starting at $1,737 with a $1.34 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.
Gorman Crossings3E3BR,2.5BA$1.33
Ashborough ApartmentsThe Cezanne B4.22BR,2BA$1.34
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
Trailwood Crossing ApartmentsB1 - Lexington2BR,1BA$1.19
AXIS CrossroadsA2R1BR,1BA$1.33
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.41
Remington PlaceFairfield I1BR,1BA$1.29

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Pet Friendly Lifestyle
Silver Lake, Raleigh, NC

Ranked #76

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

Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 52 Apartments for Rent in Silver Lake, NC with pricing that ranges from $625 to $4,730. There are also 63 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 $2,251.

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 $909 to $2,662, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,645 to $4,500. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $889.

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.

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.

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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.