Cheap Apartments for Rent in Silver Lake, IN from $600 (50 Rentals)

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

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

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North Ridge Apartments
1 to 3 Bedroom Apartments

North Ridge Apartments

718 N State Road 9Columbia City, IN 46725
  • Utilities Included

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Silver Lake, IN Local Guide

Cheapest Available Silver Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Silver Lake, IN is a 1 Bed unit found at SOMERSET VILLAGE APARTMENTS priced from $690. Carriage Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $740. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SOMERSET VILLAGE APARTMENTS1 bed larger1BR,1BA$690
Carriage Place ApartmentsThe Adams1BR,1BA$740
Pechewa PlaceDownstairs 1 Bedroom1BR,1BA$799
Centennial CrossingSenior Villa 1x11BR,1BA$845
Wabash River Commons1B1B TRAD1BR,1BA$845
Welcome to Tippe River Downs1x1 Senior Villa1BR,1BA$899
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$935
Liberty Mills ApartmentsOne Bedroom1BR,1BA$959
UB LoftsTwo Bedroom2BR,1BA$970
LaFontaine Center Affordable Senior HousingStudioStudio,1BA$990

Best Value Apartments for Rent in Silver Lake, IN and Nearby

As of May 11, 2025 the best value apartment in the Silver Lake area is the $1.22 price per square foot 3 Bedroom Model at West Hamilton Hamlets in the in the Southwest Fort Wayne neighborhood starting from $2,000. The second greatest value Silver Lake apartment is the 3 Bedroom Model at Homestead Townhomes starting at $1,799 with a $1.20 price per square foot in the Southwest Fort Wayne 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.
West Hamilton Hamlets3 Bedroom3BR,2.5BA$1.22
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.04
Lakeland Villa Apartments2x2 Old2BR,2BA$1.18
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
Liberty Mills ApartmentsOne Bedroom1BR,1BA$1.31
Carriage Place ApartmentsThe Adams1BR,1BA$1.18
SOMERSET VILLAGE APARTMENTS1 bed larger1BR,1BA$1.13
Pechewa PlaceDownstairs 1 Bedroom1BR,1BA$1.33

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Silver Lake, IN Rentals by Map

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See the most popular apartments and homes in Silver Lake, IN

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Getting Around Silver Lake, IN

Walk Score®

12 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

26 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Silver Lake Apartments

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $690 at SOMERSET VILLAGE APARTMENTS.

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 $896 at Carriage Place Apartments.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at Wabash River Commons and starts from $1,495.

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.

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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

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.