
Cheap Homes for Rent in Silver Lake, IN from $300 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Lake.


1610 Tippecanoe Dr

1710 Tippecanoe Dr

3451 W 100 N

7727 W Beachwood Ave
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.

1606 Tippecanoe Dr

217 S Scott St

701 E Market St

362 W 5th St

125 W Orange St
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.

371 W 12th St

426 1/2 E Market St

216 S Cavin St

1005 N Lincoln St

502 Chinworth Ct
Cash 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.

508 W 6th St

43012 Keesler Ct
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 | $971 | $325 | $1,600 |
| Silver Lake 3 Bedroom Homes for Rent | $1,195 | $400 | $1,900 |
| Silver Lake 4 Bedroom Homes for Rent | $1,976 | $1,230 | $2,400 |
| Silver Lake 5 Bedroom Homes for Rent | $3,900 | $3,900 | $3,900 |
| Silver Lake 6 Bedroom Homes for Rent | $1,500 | $1,500 | $1,500 |
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 |
| UB Lofts | One Bedroom | 1BR,1BA | $870 |
| Hilltop Ridge | 3 bed Mid Income Qualifying 3 bed | 3BR,1BA | $891 |
Best Value Apartments for Rent in Silver Lake, IN and Nearby
As of June 13, 2026 the best value apartment in the Silver Lake area is the $1.36 price per square foot Phase 3 Model at The Villas at County Farm Crossing in the starting from $2,450. The second greatest value Silver Lake apartment is the Breezewood Sunroom Model at Redwood Fort Wayne Noyer Road starting at $2,232 with a $1.31 price per square foot in the Southwest Fort Wayne 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. |
|---|---|---|---|
| The Villas at County Farm Crossing | Phase 3 | 2BR,2BA | $1.36 |
| Redwood Fort Wayne Noyer Road | Breezewood Sunroom | 2BR,2BA | $1.31 |
| Historic Blue Bell Lofts | 2 Beds, 1 bath | 2BR,1BA | $0.36 |
| Hilltop Ridge | 3 bed Mid Income Qualifying 3 bed | 3BR,1BA | $0.88 |
| Wabash River Commons | 2B2B SENIOR | 2BR,2BA | $1.38 |
| Simonson Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| Kuder Estates | One Bedroom One Bathroom | 1BR,1BA | $1.33 |
| UB Lofts | One Bedroom | 1BR,1BA | $1.21 |
| Courts of Colfax Apartments | Winona | Studio ,1BA | $1.24 |
| Pechewa Place | Downstairs 1 Bedroom | 1BR,1BA | $1.22 |
Don'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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 $2,487. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $295 to $3,900.
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 $3,900 with an average monthly rent of $1,689.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.