Cheap Homes for Rent in Silver Lake, IN from $700 (14 Rentals)

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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. Millstone Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $756. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
SOMERSET VILLAGE APARTMENTS1BR/1.0BA1BR,1BA$690
Millstone Apartments2 Bed 1 Bath2BR,1BA$756
Northpointe/Lakepointe Apartment HomesB- 1x11BR,1BA$780
Pechewa PlaceUpstairs 1 Bedroom1BR,1BA$799
Centennial CrossingSenior Villa 1x11BR,1BA$845

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

As of March 26, 2025 the best value apartment in the Silver Lake area is the $1.20 price per square foot 3 Bedroom Model at Homestead Townhomes in the in the Southwest Fort Wayne neighborhood starting from $1,799. The second greatest value Silver Lake apartment is the 2B 1B Garden-8 plex Model at Quail Ridge Villas starting at $1,295 with a $1.30 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.
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Quail Ridge Villas2B 1B Garden-8 plex2BR,1BA$1.30
Wabash River Commons2B2B SENIOR2BR,2BA$1.18
Simonson Estates ApartmentsTwo Bedroom One Bathroom2BR,1BA$1.03
Bremen Park Apartments2x12BR,1BA$1.01
Lakeland Villa Apartments2 Bedroom 2 Bathroom Traditional Apartment with...2BR,2BA$1.17
Mallard and HI-TEC Apartments2 Beds, 1 bath2BR,1BA$1.04
Liberty Mills ApartmentsOne Bedroom1BR,1BA$1.29
SOMERSET VILLAGE APARTMENTS1BR/1.0BA1BR,1BA$1.13
Northpointe/Lakepointe Apartment HomesB- 1x11BR,1BA$1.30

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Frequently Asked Questions about Silver Lake

What type of rentals are currently available in Silver Lake?

There are currently 36 Apartments for Rent in Silver Lake, IN with pricing that ranges from $680 to $2,844. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Silver Lake ranging from $295 to $3,050.

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 $295 to $3,050 with an average monthly rent of $1,517.

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 $900 to $2,316, while Three Bedroom Homes, Condos, and Townhomes for rent range from $950 to $3,050. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $1,408.

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 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.

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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.

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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.