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Studio Apartment for Rent in Silverton, OR

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    Starting at $1,399 Per Month

    • Studio - 3 Beds

    329 Fossholm St NE, Silverton, OR 97381

    Welcome to Silverplace Apartment Homes, a premier luxury community nestled in the heart of Silverton, Oregon, just minutes from Salem. Experience elevated living in our upscale apartment community, where modern design meets small-town charm. Located in Silverton's vibrant neighborhood, our community is surrounded by high-end restaurants, locally owned boutiques, and picturesque parks. Our

    Silverplace Apartment Homes

    (971) 444-8443

    329 Fossholm St NE, Silverton, OR 97381

Why Live in Silverton

Silverton, Oregon, nestled in the lush Willamette Valley, offers a vibrant community atmosphere with a population of over 10,000 residents. Located 15 miles from Salem, Silverton is renowned for its outdoor attractions, including Silver Falls State Park, which features the Trail of Ten Falls and a nearly 200-foot-high waterfall. The city is also home to the Oregon Garden, showcasing diverse plant life and the Frank Lloyd Wright-designed Gordon House. Silverton's historic downtown is a hub for dining and art, with Water Street hosting a variety of international and local eateries. The Silverton Mural Society provides tours of the city's murals, adding to the cultural appeal. The Silver Falls School District is highly rated, offering advanced technology programs and a gifted and talented initiative. Housing in Silverton spans over a century, with architectural styles ranging from farmhouses to Craftsmen homes. The city has a low crime rate, with both violent and property crimes significantly below the national average. While Silverton experiences long, rainy winters and has a higher annual rainfall than the national average, it also faces environmental challenges such as wildfire risks and occasional air pollution advisories. Transportation includes Highway 213 and bus services, with Portland International Airport 46 miles away. Despite these practical considerations, Silverton remains a picturesque and engaging community with a rich history and a thriving local scene.

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 $1,545 per month, though prices vary by neighborhood, size, and property type. As of May 2026, townhouses tend to be the most affordable option while condos and single-family homes 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 $61,800 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 $1,545 per month in Silverton, OR, renters typically need to show $4,635 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 29.9, 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.

Rental Home Trends in Silverton, OR

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,545
Median Single Family Home Rent
$2,395
Median Townhouse Rent
$1,500
Median Condo Rent
$1,545
How to Rent a Home