Starting at $1,599 Per Month
- 2 Beds
950 N 2nd St, Silverton, OR 97381
Pacific Crest
Pacific Crest
Frequently Asked Questions
How much does it cost to rent a home in Silverton, OR?
The median rent for a home in Silverton, OR is $1,495 per month, though prices vary by neighborhood, size, and property type. As of July 2026, single-family homes tend to be the most affordable option while condos are currently more expensive.
How much do you need to make to afford rent in Silverton, OR?
To comfortably afford the median rent in Silverton, OR, a household needs to earn roughly $59,800 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,495 per month in Silverton, OR, renters typically need to show $4,485 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Silverton, OR?
In Silverton, OR, the price-to-rent ratio is 30.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Silverton, OR are best for renting a home?
The best neighborhood for renting in Silverton, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Hayesville, East Lancaster, North Lancaster, Southeast Mill Creek and Northgate, each with its own character and price range.
