Cheap Homes for Rent in Silver Lake Neighborhood of Raleigh, NC from $500 (32 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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property at 5123 Rina Ct

5123 Rina Ct

CaryNC27518

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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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. The Retreat at Lake Johnson Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,035. Here are the most affordable Silver Lake apartments for rent in Raleigh, NC:

Apartment ListingModel NameBed/BathPriced From
1820 at Centennial4x44BR,4BA$900
The Retreat at Lake Johnson ApartmentsA1 - Dahlia1BR,1BA$1,035
The Summit at Avent FerryONE BEDROOM1BR,1BA$1,065
Woodcreek ApartmentsThe Hampton1BR,1BA$1,085
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1,095
Amberwood at LochmereRedbud1BR,1BA$1,152
Aurella CaryThe Camillia1BR,1BA$1,160

Best Value Apartments for Rent in Silver Lake, NC

As of May 12, 2025 the best value apartment in the Silver Lake area is the $1.13 price per square foot C1R Model at AXIS Crossroads in the in the Lakeside neighborhood starting from $1,799. The second greatest value Silver Lake apartment is the 3x3 Model at Centennial Village Student Housing starting at $699 with a $0.58 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.
AXIS CrossroadsC1R3BR,2BA$1.13
Centennial Village Student Housing3x33BR,3BA$0.58
1251 University Ct, Unit 11251 University Ct1BR,1BA$0.67
1820 at Centennial3x33BR,3BA$0.84
Campus Edge2x2 Platinum2BR,2BA$0.99
The Enclave at CrossroadsThe Roanoke1BR,1BA$1.41
Remington PlaceFairfield I1BR,1BA$1.29
Newly Renovated South Valley ApartmentsUpstairs2BR,1BA$1.53
Trailwood Crossing ApartmentsA1 - Bickmore1BR,1BA$1.35
The Summit at Avent FerryONE BEDROOM1BR,1BA$1.52

Quick Rent Budget Calculator

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Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 53 Apartments for Rent in Silver Lake, NC with pricing that ranges from $585 to $6,228. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $500 to $4,200.

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 $500 to $4,200 with an average monthly rent of $2,082.

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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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.

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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.

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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.