
Cheap Homes for Rent near Silver Lake, OR from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Silver Lake.


56363 Stellar Dr

426 1st Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

52405 Antler Ln

52563 Doe Ln

56858 Enterprise Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

52220 Huntington Rd
Silver Lake, OR 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 | $1,878 | $1,350 | $2,400 |
| Silver Lake 3 Bedroom Homes for Rent | $2,877 | $2,025 | $3,795 |
| Silver Lake 4 Bedroom Homes for Rent | $3,316 | $2,595 | $4,195 |
Browse Top Homes for Rent in Silver Lake
Explore Silver Lake
Silver Lake, OR Local Guide
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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 Legacy Landing in the Orchard neighborhood priced from $465. Nine Peaks in the Orchard neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $915. Here is today’s list of the most affordable Silver Lake apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy Landing | 1 Bed, 1 bath | 1BR,1BA | $465 |
| Nine Peaks | 1 Bed, 1 bath | 1BR,1BA | $915 |
| Vintage at Bend | 2B | Age 55+ | 2BR,1BA | $1,414 |
Best Value Apartments for Rent in Silver Lake, OR and Nearby
As of August 08, 2026 the best value apartment in the Silver Lake area is the $2.03 price per square foot Summit - 1262 SF Three-Bedroom Two-Bathroom Model at The Reserve at Brookswood in the in the River West neighborhood starting from $2,565. The second greatest value Silver Lake apartment is the 3780 Canal Vista 2 Bed 2 Bath Model at 356 - Canal Vista starting at $1,750 with a $1.79 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. |
|---|---|---|---|
| The Reserve at Brookswood | Summit - 1262 SF Three-Bedroom Two-Bathroom | 3BR,2BA | $2.03 |
| 356 - Canal Vista | 3780 Canal Vista 2 Bed 2 Bath | 2BR,2BA | $1.79 |
| Stone Creek Apartments | 2 Bed/2 Bath | 2BR,2BA | $1.87 |
| Preble Way Apartments | Preble Apartments | 2BR,2BA | $1.76 |
| Cypress | 2A | 2BR,1BA | $2.18 |
| Sienna Pointe | Sage | 2BR,1BA | $2.11 |
| Vintage at Bend | 2B | Age 55+ | 2BR,1BA | $1.77 |
| The Commons @ Pilot Butte Apartment Homes | BASALT | 1BR,1BA | $2.28 |
| Legacy Landing | 1 Bed, 1 bath | 1BR,1BA | $0.66 |
| Nine Peaks | 1 Bed, 1 bath | 1BR,1BA | $1.38 |
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.
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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, OR Rentals by Map
See the most popular apartments and homes in Silver Lake, OR
Frequently Asked Questions about Silver Lake
What type of rentals are currently available in Silver Lake?
There are currently 51 Apartments for Rent in Silver Lake, OR with pricing that ranges from $415 to $4,444. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $1,295 to $4,195.
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 $1,295 to $4,195 with an average monthly rent of $2,682.
How much are larger Three and Four Bedroom Rentals in Silver Lake?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Silver Lake range from $575 to $3,495, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,025 to $3,795. Four Bedroom Single-Family rentals are also available starting from $2,595 and Four Bedroom Apartments start at $917.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.