Cheap Apartments for Rent in Silver Lake, OR from $1,100 (14 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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.

Read Article

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.

Read Article
Showing Results 1-14, Page 1 of 1

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 1 Bed unit found at Parks on the Green Apartments in the Old Mill District neighborhood priced from $1,125. Drafter Valley has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1,125
Drafter ValleyWelcome to Drafter Valley! Winter Savings Wonde...2BR,1BA$1,425
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1,495
Outlook at Pilot ButteTanagerStudio,1BA$1,529
The Hixon at Westside YardShevlinStudio,1BA$1,575

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

As of June 07, 2025 the best value apartment in the Silver Lake area is the $1.81 price per square foot Mt Jefferson Garage 2x2 Model at The Reserves at Pilot Butte - Phase 1 & 2 in the in the Old Mill District neighborhood starting from $2,180. The second greatest value Silver Lake apartment is the 2 Model at Westmount Luxury Apartment Homes starting at $2,295 with a $1.98 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.
The Reserves at Pilot Butte - Phase 1 & 2Mt Jefferson Garage 2x22BR,2BA$1.81
Westmount Luxury Apartment Homes21BR,1BA$1.98
Linden Lofts2 Bed2BR,2BA$1.71
356 - Canal Vista3780 Canal Vista 2 Bed 2 Bath2BR,2BA$1.77
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
Escena Apartments2 Bedroom 1 Bathroom 2nd Floor2BR,1BA$1.90
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1.76
The Reserve @ MetoliusLive-Work @ Metolius - 1 Bedroom1BR,1BA$2.10
Drafter ValleyWelcome to Drafter Valley! Winter Savings Wonde...2BR,1BA$2.01
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1.89

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.

decorative image of people with a giant lease agreement

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

Explore Silver Lake, OR Rentals by Map

Decorative image of map

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

View MapSilver Lake, OR Apartments MapView MapSilver Lake, OR Rental Homes Map

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 Outlook at Pilot Butte listed at $1,529.

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 $1,425 at Drafter Valley.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at StoneBriar Apartments and starts from $2,000.

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

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

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.