
Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Silver Lake area of Raleigh.


1440 Collegiate Cir

1410 Collegiate Cir

Room in Condo on University Ct

2021 Wolf Tech Ln

Room in Condo on Collegiate Cir
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.

3000 Centennial Woods Dr

1341 Crab Orchard Dr, Unit 202, Unit 202

2002 Technology Woods Dr, Unit 2002 Technology woods Dr

1911 Wolftech Ln, Unit 104, Unit 104

Room in Apartment on Crab Orchard Dr

1221 University Ct, Unit 202A, Unit 202A
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 Collegiate Cir

Room in Condo on Crab Orchard Dr

Room in Condo on Collegiate Cir

Room in Condo on Collegiate Cir

3710 Pardue Woods Pl, Unit 201

1911 Wolf Tech 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.

1241 University Ct

1911 Wolftech Ln, Unit 302, Unit 302

1241 University Ct

1241 University Ct, Unit 204, Unit 204

1230 University Ct, Unit -002

Room in Townhome on Macedonia Lake Dr
Discover Raleigh, North Carolina: A Local's Take on the City of Oaks
Explore Raleigh's vibrant culture, from the best outdoor trails and museums to a comprehensive guide on the area's top-rated restaurants and nightlife, including the Warehouse District.

1241 University Ct, Unit 002

1241 University Ct, Unit 002
Silver Lake, Raleigh, NC Local Guide

How much does it cost to rent a home in Silver Lake?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Silver Lake 2 Bedroom Homes for Rent | $1,596 | $1,350 | $1,980 |
| Silver Lake 3 Bedroom Homes for Rent | $2,318 | $1,500 | $2,995 |
| Silver Lake 4 Bedroom Homes for Rent | $2,597 | $595 | $4,600 |
Browse Homes for Rent 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.
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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 Aurella Cary priced from $930. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Aurella Cary | The Camillia | 1BR,1BA | $930 |
| The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $1,095 |
| AXIS Crossroads | A1 | 1BR,1BA | $1,137 |
| Remington Place | Fairfield I | 1BR,1BA | $1,151 |
| Williamsburg Manor | 2 Bed 1.5 Bath Classic Unit No W/D Connection | 2BR,1BA | $1,199 |
| The Enclave at Crossroads | The Roanoke | 1BR,1BA | $1,222 |
| The Summit at Avent Ferry | 1 Bed 1 Bath Renovated | 1BR,1BA | $1,230 |
| Exceptional Value in a Prime Location — Tour Today | Upstairs | 2BR,1BA | $1,247 |
| The Lodge at Crossroads | Grace | 1BR,1BA | $1,302 |
| Tryon Place | A4 | 1BR,1BA | $1,327 |
Best Value Apartments for Rent in Silver Lake, NC
As of April 16, 2026 the best value apartment in the Silver Lake area is the $1.19 price per square foot 3 Bed 1.5 Bath Renovated W/D Connection Model at Williamsburg Manor in the in the Lakeside neighborhood starting from $1,549. The second greatest value Silver Lake apartment is the 3x3 Model at Centennial Village Student Housing starting at $719 with a $0.59 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. |
|---|---|---|---|
| Williamsburg Manor | 3 Bed 1.5 Bath Renovated W/D Connection | 3BR,1.5BA | $1.19 |
| Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.59 |
| 1820 at Centennial | 3x3 | 3BR,3BA | $0.81 |
| Ashborough Apartments | The Cassat B2.1 | 2BR,2BA | $1.52 |
| Campus West at Tryon | 3X3 | 3BR,3BA | $0.76 |
| Campus Edge | 2x2 Platinum | 2BR,2BA | $0.99 |
| Amberwood at Lochmere | Magnolia | 2BR,2BA | $1.43 |
| The Enclave at Crossroads | The Roanoke | 1BR,1BA | $1.37 |
| Remington Place | Fairfield I | 1BR,1BA | $1.32 |
| Exceptional Value in a Prime Location — Tour Today | Upstairs | 2BR,1BA | $1.47 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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
Frequently Asked Questions about Silver Lake
What type of rentals are currently available in Silver Lake?
There are currently 55 Apartments for Rent in Silver Lake, NC with pricing that ranges from $620 to $12,456. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $500 to $4,600.
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 $4,600 with an average monthly rent of $1,801.
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 $799 to $3,370, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,995. 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

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.

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.

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.

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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.