Cheap Apartments for Rent in Silver Lake, OR from $1,100 (12 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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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$1,399
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 May 12, 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 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
Linden Lofts2 Bed2BR,2BA$1.71
Escena Apartments2 Bedroom 1 Bathroom Top Floor (XL)2BR,1BA$1.96
Stone Creek Apartments2 Bed/2 Bath2BR,2BA$1.87
The Commons @ Pilot Butte Apartment HomesOBSIDIAN2BR,2BA$2.03
Preble Way ApartmentsPreble Apartments Winter Warm-Up: Move In & Sav...2BR,2BA$1.76
Oasis at 26002x12BR,1BA$2.02
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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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

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