Cheap Apartments for Rent in the Silver Lake Neighborhood of Wilmington, NC from $850 (29 Rentals)

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

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.

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Riverwood
Rent Specials
$1,463 - $2,784

Total Monthly Price

Base Rent$1,463 - $2,784
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Riverwood

3510 Corder DrWilmington, NC 28412
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Element Barclay Station
Rent Specials
$1,531 - $2,427

Total Monthly Price

Base Rent$1,531 - $2,427
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Element Barclay Station

1841 Dusty Miller LnWilmington, NC 28412
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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St. Andrews Reserve
1 to 3 Bedroom Apartments

St. Andrews Reserve

814 St. Andrews DrWilmington, NC 28412

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.

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Showing Results 1-29, Page 1 of 1

Silver Lake, Wilmington, NC Local Guide

Cheapest Available Silver Lake Apartments for Rent

 

The cheapest available apartment rental in the Silver Lake area of Wilmington, NC is a 1 Bed unit found at St. Andrews Reserve priced from $1,102. Braxton Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable Silver Lake apartments for rent in Wilmington, NC:

Apartment ListingModel NameBed/BathPriced From
St. Andrews ReserveA11BR, 1BA$1,102
Braxton PlaceAirlie1BR, 1BA$1,195
Crosswinds212BR, 1BA$1,215
Tesla ParkArlington1BR, 1BA$1,237
The Keys at 17th StreetCaroline Premium Granite1BR, 1BA$1,280
Willow GlenBradley2BR, 2BA$1,337
Arbor TraceAzalea II1BR, 1BA$1,364
Meridian at Fairfield ParkA1B1BR, 1BA$1,373
Proximity WatermarkS1AStudio, 1BA$1,420
Ansley Park1A1BR, 1BA$1,425

Best Value Apartments for Rent in Silver Lake, NC

As of September 20, 2026 the best value apartment in the Silver Lake area is the $1.29 price per square foot Catawba Exterior Model at Townes at Park Place in the Pine Valley East neighborhood starting from $1,949. The second greatest value Silver Lake apartment is the C2A Model at Riverwood in the Shipyard Plaza neighborhood starting at $2,164 with a $1.48 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.
Townes at Park PlaceCatawba Exterior3BR, 2.5BA$1.29
RiverwoodC2A3BR, 2.5BA$1.48
Belle MeadeThe Seneca3BR, 2BA$1.45
Townes at PriorC13BR, 2BA$1.33
Hawthorne at the PointeThe Carolina2BR, 2.5BA$1.47
Still Meadow VillageTHE PROMENADE3BR, 2BA$1.41
Willow GlenBradley2BR, 2BA$1.41
Crosswinds22R2BR, 2BA$1.67
The Keys at 17th StreetCaroline Premium Granite/Plank1BR, 1BA$1.74
St. Andrews ReserveA11BR, 1BA$1.59

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Wilmington. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

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 Proximity Watermark listed at $1,420.

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $1,102 at St. Andrews Reserve.

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 $1,215 at Crosswinds.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at Crosswinds and starts from $1,609.

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

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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.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.