Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (14 Rentals)

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Search the lowest-cost Homes 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

Silver Lake, Raleigh, NC Local Guide

Cheapest Available Silver Lake Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
1820 at Centennial4x44BR,4BA$900
8627 Macedonia Lake Dr8627 Macedonia Lake Dr1BR,1BA$900

Best Value Apartments for Rent in Silver Lake, NC

As of March 28, 2025 the best value apartment in the Silver Lake area is the $0.39 price per square foot 8627 Macedonia Lake Dr Model at 8627 Macedonia Lake Dr in the in the Lakeside neighborhood starting from $900. The second greatest value Silver Lake apartment is the Room in Condo on Wolfmill Dr Model at Room in Condo on Wolfmill Dr starting at $700 with a $0.56 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.
8627 Macedonia Lake Dr8627 Macedonia Lake Dr1BR,1BA$0.39
Room in Condo on Wolfmill DrRoom in Condo on Wolfmill Dr1BR,1BA$0.56
Room in Condo on Collegiate CirRoom in Condo on Collegiate Cir1BR,1BA$0.73
Room in Condo on Crab Orchard DrRoom in Condo on Crab Orchard Dr1BR,1BA$0.55
Room in Condo on Collegiate CirRoom in Condo on Collegiate Cir1BR,1BA$0.55
Centennial Village Student Housing3x33BR,3BA$0.58
Room in Condo on University CtRoom in Condo on University Ct1BR,1BA$0.57
Room in Condo on Collegiate CirRoom in Condo on Collegiate Cir1BR,1BA$0.57
Room in Condo on Crab Orchard DrRoom in Condo on Crab Orchard Dr1BR,1BA$0.58
1820 at Centennial3x33BR,3BA$0.84

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Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 60 Apartments for Rent in Silver Lake, NC with pricing that ranges from $450 to $5,471. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $560 to $5,000.

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 $560 to $5,000 with an average monthly rent of $1,962.

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 $1,244 to $5,471, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $2,555. Four Bedroom Single-Family rentals are also available starting from $595 and Four Bedroom Apartments start at $450.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.