Cheap Apartments for Rent in Silver Lake, IN from $600 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Silver Lake.

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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North Ridge Apartments
1 to 3 Bedroom Apartments

North Ridge Apartments

718 N State Road 9Columbia City, IN 46725
  • Utilities Included

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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The 2525
1 to 4 Bedroom Apartments

The 2525

2525 Durbin StWarsaw, IN 46580
  • Utilities Included

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.

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Silver Lake, IN Local Guide

Cheapest Available Silver Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Silver Lake, IN is a Studio unit found at UB Lofts priced from $680. SOMERSET VILLAGE APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $690. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
UB LoftsStudioStudio,1BA$680
SOMERSET VILLAGE APARTMENTS1 bed larger1BR,1BA$690
Carriage Place ApartmentsThe Edison1BR,1BA$786
Pechewa PlaceDownstairs 1 Bedroom1BR,1BA$799
Centennial CrossingSenior Villa 1x11BR,1BA$845
Wabash River Commons1B1B TRAD1BR,1BA$845
MILLSTONE APARTMENTS2 bedroom 1 bath2BR,1BA$850
Welcome to Tippe River Downs1x1 Senior Villa1BR,1BA$899
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$935
LaFontaine Center Affordable Senior HousingStudioStudio,1BA$990

Best Value Apartments for Rent in Silver Lake, IN and Nearby

As of June 10, 2025 the best value apartment in the Silver Lake area is the $1.20 price per square foot 3 Bedroom Model at Homestead Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,799. The second greatest value Silver Lake apartment is the Forestwood Model at Redwood Warsaw starting at $1,685 with a $1.30 price per square foot . 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.
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Redwood WarsawForestwood2BR,2BA$1.30
MILLSTONE APARTMENTS2 bedroom 1 bath2BR,1BA$0.87
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.05
Kuder EstatesTwo Bedroom One Bathroom2BR,1BA$1.06
Briar Ridge Apartments2x2 Briar Ridge APTS2BR,2BA$1.35
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
Carriage Place ApartmentsThe Hamilton - Renovated2BR,1BA$1.26
SOMERSET VILLAGE APARTMENTS1 bed larger1BR,1BA$1.13

Quick Rent Budget Calculator

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Silver Lake, IN Rentals by Map

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See the most popular apartments and homes in Silver Lake, IN

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Getting Around Silver Lake, IN

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Silver Lake Apartments

What is the Cheapest Studio apartment in Silver Lake?

Currently the most affordable Cheap Studio Apartment in Silver Lake is at UB Lofts listed at $680.

How much is rent for a Cheap One Bedroom Silver Lake Apartment?

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $690 at SOMERSET VILLAGE APARTMENTS.

What is the lowest price for a Cheap Two Bedroom Silver Lake Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Silver Lake is starting from $850 at MILLSTONE APARTMENTS.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at Wabash River Commons and starts from $1,495.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.