Cheap Apartments for Rent in the Silver Lake Neighborhood of Raleigh, NC from $400 (22 Rentals)

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

Raleigh's Best Affordable Neighborhoods

Learn about Raleigh and the best places to live with original content written by our , Local Expert Chris Munier

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Penwood Apartments
2 Bedroom Apartments

Penwood Apartments

5401-5445 Penwood DrRaleigh, NC 27606
  • Utilities Inc.
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1820 at Centennial
3 to 4 Bedroom Apartments

1820 at Centennial

1820 Trailwood DrRaleigh, NC 27606
Student Housing
  • Utilities Inc.
Showing Results 1-22, Page 1 of 1

Silver Lake, Raleigh, NC Local Guide

Cheapest Available Silver Lake Apartments for Rent

 

The cheapest available apartment rental in the Silver Lake area of Raleigh, NC is a 4 Beds unit found at 1820 at Centennial priced from $900. Amberwood at Lochmere has the second lowest priced unit, which is a 1 Bed apartment currently listed from $989. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
1820 at Centennial4x44BR,4BA$900
Amberwood at LochmereRedbud1BR,1BA$989
Remington PlaceFairfield I1BR,1BA$1,031
ARIUM Lake JohnsonDahila1BR,1BA$1,065
ARIUM TrailwoodBickmore1BR,1BA$1,067

Best Value Apartments for Rent in Silver Lake, NC

As of March 09, 2025 the best value apartment in the Silver Lake area is the $0.58 price per square foot 3x3 Model at Centennial Village Student Housing in the in the Lakeside neighborhood starting from $699. The second greatest value Silver Lake apartment is the The Currituck Model at The Enclave at Crossroads starting at $1,565 with a $1.31 price per square foot in the Lakeside neighborhood. 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.
Centennial Village Student Housing3x33BR,3BA$0.58
The Enclave at CrossroadsThe Currituck2BR,2BA$1.31
The Lodge at CrossroadsHospitality2BR,2BA$1.52
1820 at Centennial3x33BR,3BA$0.84
Williamsburg Manor2 Bed 1.5 Bath Renovated WD2BR,1.5BA$1.39
Remington PlaceFairfield II1BR,1BA$1.20
AXIS CrossroadsA2R1BR,1BA$1.33
ARIUM TrailwoodBickmore1BR,1BA$1.31
Wildwoods Of Lake Johnson1A1BR,1BA$1.45
ARIUM Lake JohnsonDahila1BR,1BA$1.45

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Pet Friendly Lifestyle
Silver Lake, Raleigh, NC

Ranked #79

Among neighborhoods in Raleigh, NC for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Silver Lake, Raleigh, NC

School data provided by Great Schools

Best Local Schools in
Silver Lake, Raleigh, NC

School data provided by Great Schools

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 Tryon Place listed at $1,191.

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $967 at Amberwood at Lochmere.

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 $1,155 at Aurella Cary.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at 1820 at Centennial and starts from $970.

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 A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh article

A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Raleigh

Written by: Chris Munier

Raleigh offers not only an exciting urban environment, the centerpiece of a thriving metro area, but it’s also affordable. That is, assuming you know where to rent.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.