Cheap Apartments for Rent in Silver Lake, OR from $900 (29 Rentals)

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

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.

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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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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.

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Pine View
1 to 2 Bedroom Apartments

Pine View

52773 Drafter RdLa Pine, OR 97739
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Drafter Valley
2 Bedroom Apartments

Drafter Valley

52663 Drafter RdLa Pine, OR 97739

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.

Silver Lake, OR Local Guide

Cheapest Available Silver Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Silver Lake, OR is a Studio unit found at Awbrey Pines on the Butte in the River West neighborhood priced from $995. Parks on the Green Apartments in the Old Mill District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Awbrey Pines on the ButteStudioStudio,1BA$995
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1,125
Vintage at Bend2C | Age 55+2BR,1BA$1,308
Lakeside Place Apartments1CStudio,1BA$1,340
Pine View1 Bed 1 Bath1BR,1BA$1,399
The EddyWaveStudio,1BA$1,465
StrataS1Studio,1BA$1,475
Peak 421 Bed 1 Bath D1BR,1BA$1,499
Bellevue Crossing ApartmentsThe Cascade1BR,1BA$1,530
The Hixon at Westside YardShevlinStudio,1BA$1,549

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

As of October 24, 2025 the best value apartment in the Silver Lake area is the $1.76 price per square foot 3x2 A Model at RedPoint in the starting from $2,299. The second greatest value Silver Lake apartment is the 1 Model at Westmount Luxury Apartment Homes starting at $2,200 with a $1.70 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.
RedPoint3x2 A3BR,2BA$1.76
Westmount Luxury Apartment Homes12BR,2BA$1.70
Escena Apartments2 Bedroom 1 Bathroom 1st Floor (XL)2BR,1BA$1.97
The Commons @ Pilot Butte Apartment HomesGRANITE2BR,1BA$1.88
Oasis at 26002x12BR,1BA$2.11
Vintage at Bend2B | Age 55+2BR,1BA$1.64
The Reserves at Pilot Butte - Phase 1 & 2Broken Top 1x11BR,1BA$2.30
Bellevue Crossing ApartmentsThe Cascade1BR,1BA$2.00
StoneBriar Apartments1x11BR,1BA$2.21
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1.89

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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

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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 Awbrey Pines on the Butte listed at $995.

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $1,125 at Parks on the Green 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 $1,308 at Vintage at Bend.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at Awbrey Pines on the Butte and starts from $1,895.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.