
Cheap Homes for Rent in Silver Lake, IN from $300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Lake.


3451 W 100 S

3451 W 100 N

362 W 5th St

371 W 12th St
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.

362 N Line St

426 1/2 E Market St

1005 N Lincoln St

1335 Driftwood Alley

43012 Keesler Ct
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.
Silver Lake, IN 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 | $978 | $350 | $1,595 |
| Silver Lake 3 Bedroom Homes for Rent | $11,502 | $900 | $10,000+ |
| Silver Lake 4 Bedroom Homes for Rent | $1,230 | $1,230 | $1,230 |
| Silver Lake 5 Bedroom Homes for Rent | $4,250 | $4,250 | $4,250 |
Browse Top Homes for Rent in Silver Lake
Explore Silver Lake
Silver Lake, IN Local Guide
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Cheapest Available Silver Lake Apartments for Rent and Nearby
 The cheapest available apartment rental in Silver Lake, IN is a 2 Beds unit found at Historic Blue Bell Lofts priced from $498. Pechewa Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here is today’s list of the most affordable Silver Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $498 |
| Pechewa Place | Upstairs 1 Bedroom | 1BR,1BA | $729 |
| Courts of Colfax Apartments | Winona | Studio,1BA | $750 |
Best Value Apartments for Rent in Silver Lake, IN and Nearby
As of April 29, 2026 the best value apartment in the Silver Lake area is the $0.36 price per square foot 2 Beds, 1 bath Model at Historic Blue Bell Lofts in the starting from $498. The second greatest value Silver Lake apartment is the 2 bedroom 1 bath Model at Millstone Apartments starting at $850 with a $0.87 price per square foot . 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. |
|---|---|---|---|
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $0.36 |
| Millstone Apartments | 2 bedroom 1 bath | 2BR,1BA | $0.87 |
| Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.09 |
| Lakeland Villa Apartments | ***WAIT LIST APPLICATION*** | 2BR,2BA | $1.30 |
| CLEAR CREEK APARTMENTS | 2 bedroom 2 bath | 2BR,2BA | $1.06 |
| The Dunes | One Bed Traditional Apartments | 1BR,1BA | $1.31 |
| Hilltop Ridge | 1 bed 1 bath | 1BR,1BA | $1.21 |
| Carriage Place Apartments | The Edison | 1BR,1BA | $1.32 |
| Courts of Colfax Apartments | Winona | Studio ,1BA | $1.24 |
| Pechewa Place | Downstairs 1 Bedroom | 1BR,1BA | $1.22 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Silver Lake, IN Rentals by Map
See the most popular apartments and homes in Silver Lake, IN
Frequently Asked Questions about Silver Lake
What type of rentals are currently available in Silver Lake?
There are currently 42 Apartments for Rent in Silver Lake, IN with pricing that ranges from $418 to $3,157. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $295 to $92,999.
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 $295 to $92,999 with an average monthly rent of $3,733.
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.
Articles, How-To's, and Tips

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.

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.