
Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Silver Lake area of Raleigh.


1411 Collegiate Cir, Unit 102

2011 Wolfmill Dr, Unit 104
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.

1911 Wolftech Ln, Unit 104

Room in Apartment on Crab Orchard Dr

Room in Condo on University Ct

6820 Rebecca Cir

1420 Collegiate Cir

2021 Wolf Tech Ln
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.

1241 University Ct

Room in Condo on Crab Orchard Dr

1411 Collegiate Cir

Room in Condo on Crab Orchard Dr

Room in Condo on Collegiate Cir

3710 Pardue Woods Pl

3710 Pardue Woods Pl

1351 Crab Orchard Dr, Unit 302

1351 Crab Orchard Dr
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.

Room in Condo on Wolfmill Dr

1401 Collegiate Cir

Room in House on Old Farm Rd

609 Smithdale Dr
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

2005 Shaw Ct
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 | $1,572 | $1,350 | $1,795 |
Silver Lake 3 Bedroom Homes for Rent | $2,208 | $650 | $3,150 |
Silver Lake 4 Bedroom Homes for Rent | $2,913 | $685 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 25 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 4 Beds unit found at 1820 at Centennial priced from $900. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $967. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
1820 at Centennial | 4x4 | 4BR,4BA | $900 |
The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $967 |
Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $1,022 |
Amberwood at Lochmere | Redbud | 1BR,1BA | $1,059 |
Woodcreek Apartments | The Hampton | 1BR,1BA | $1,124 |
Best Value Apartments for Rent in Silver Lake, NC
As of June 18, 2025 the best value apartment in the Silver Lake area is the $0.72 price per square foot 3x3 Platinum Model at Campus Edge in the in the Lakeside neighborhood starting from $935. The second greatest value Silver Lake apartment is the 3x3 Model at Centennial Village Student Housing starting at $809 with a $0.67 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. |
---|---|---|---|
Campus Edge | 3x3 Platinum | 3BR,3BA | $0.72 |
Centennial Village Student Housing | 3x3 | 3BR,3BA | $0.67 |
1820 at Centennial | 3x3 | 3BR,3BA | $0.84 |
Williamsburg Manor | 2 Bed 1.5 Bath Renovated WD | 2BR,1.5BA | $1.27 |
The Enclave at Crossroads | The Roanoke | 1BR,1BA | $1.49 |
Remington Place | Fairfield I | 1BR,1BA | $1.45 |
Aurella Cary | The Azalea | 2BR,1BA | $1.48 |
1513 Leanne Ct, Unit 1 | 1513 Leanne Ct | 1BR,1BA | $1.43 |
Trailwood Crossing Apartments | A1 - Bickmore | 1BR,1BA | $1.26 |
The Retreat at Lake Johnson Apartments | A1 - Dahlia | 1BR,1BA | $1.44 |
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.
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 $5,849. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $575 to $4,000.
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 $575 to $4,000 with an average monthly rent of $1,832.
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 $920 to $5,849, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $3,150. Four Bedroom Single-Family rentals are also available starting from $685 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.

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.

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.

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.

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.