Cheap Apartments for Rent in Silver Lake, OR from $1,100 (28 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 The Reserves at Pilot Butte - Phase 1 & 2 in the Old Mill District neighborhood priced from $775. Parks on the Green Apartments in the Old Mill District neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,125. Here is today’s list of the most affordable Silver Lake apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Reserves at Pilot Butte - Phase 1 & 2Mt Bachelor 1x11BR,1BA$775
Parks on the Green Apartments1 Bedroom 1 Bath1BR,1BA$1,125
Pine View1 Bed 1 Bath1BR,1BA$1,275
Lakeside Place Apartments1CStudio,1BA$1,315
StoneBriar Apartments2x12BR,1BA$1,349
Pinewood ApartmentsThe Tamarack2BR,1BA$1,350
Outlook at Pilot ButteTanagerStudio,1BA$1,419
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
The NestA4Studio,1BA$1,514

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

As of February 19, 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 Larkspur neighborhood starting from $2,395. The second greatest value Silver Lake apartment is the Fletcher Model at The Veridian starting at $2,349 with a $1.98 price per square foot in the River West 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.
Acapella TownhomesSpruce3BR,2.5BA$1.55
The VeridianFletcher3BR,2BA$1.98
Westmount Luxury Apartment Homes21BR,1BA$1.98
The Reserve @ MetoliusMt Jefferson2BR,2BA$1.74
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
Pinewood ApartmentsThe Tamarack2BR,1BA$1.54
The Commons @ Pilot Butte Apartment HomesGRANITE2BR,1BA$1.96
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1.76
Oasis at 26002x12BR,1BA$1.99
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 Outlook at Pilot Butte listed at $1,419.

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 $1,349 at StoneBriar 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 Escena Apartments and starts from $2,075.

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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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.