Cheap Apartments for Rent in Silver Lake, OR from $1,100 (21 Rentals)

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

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Silver Lake, OR Local Guide

Cheapest Available Silver Lake Apartments for Rent and Nearby

 

The cheapest available apartment rental in Silver Lake, OR is a 1 Bed unit found at Parks on the Green Apartments in the Old Mill District neighborhood priced from $1,125. The Reserve @ Metolius has the second lowest priced unit, which is a Studio apartment currently listed from $1,350. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1,125
The Reserve @ MetoliusThe Square @ Metolius - StudioStudio,1BA$1,350
Pine View1 Bed 1 Bath1BR,1BA$1,400
Drafter ValleyWelcome to Drafter Valley! Winter Savings Wonde...2BR,1BA$1,425
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1,495

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

As of April 15, 2025 the best value apartment in the Silver Lake area is the $1.55 price per square foot Spruce Model at Acapella Townhomes in the in the Old Mill District neighborhood starting from $2,395. The second greatest value Silver Lake apartment is the 2 Model at Westmount Luxury Apartment Homes starting at $2,295 with a $1.98 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.
Acapella TownhomesSpruce3BR,2.5BA$1.55
Westmount Luxury Apartment Homes21BR,1BA$1.98
Seasons at Farmington ReserveHaystack2BR,2BA$1.65
Linden Lofts2 Bed2BR,2BA$1.71
356 - Canal Vista3770 Canal Vista 2 Bed 2 Bath2BR,2BA$1.77
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
Escena Apartments2 Bedroom 1 Bathroom Top Floor2BR,1BA$2.00
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1.76
Drafter ValleyWelcome to Drafter Valley! Winter Savings Wonde...2BR,1BA$2.01
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1.89

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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 The Reserve @ Metolius listed at $1,350.

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

The lowest price for a Cheap One Bedroom Silver Lake Apartment is $1,125 at Parks on the Green 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 $1,425 at Drafter Valley.

What is the most affordable Silver Lake Three Bedroom Apartment?

The best deal on a cheap Silver Lake Three Bedroom Apartment rental is at StoneBriar Apartments and starts from $2,000.

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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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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Know Your Rights - How Discrimination Laws Impact Landlords & Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.