Helm
128 127th St SE,
Everett, WA 98208
$1,686 - $2,902
Studio - 3 Beds
Situated about seven miles south of Downtown Everett, Silver Lake is a predominantly residential suburb teeming with apartments, condos, and houses available for rent. Lush landscaping and towering Evergreen trees line the streets in Silver Lake, contributing to the neighborhood’s tranquil atmosphere.
Silver Lake is home to a sprawling lake of the same name, where residents enjoy ample opportunities for outdoor recreation. Thornton A. Sullivan Park, Hauge Homestead Park, and Green Lantern Park all surround the lake and McCollum Park is just a short drive away.
A wide variety of retail delights abound at the nearby Everett Mall and Mill Creek Town Center. Major area employers like Boeing are just a short drive away from Silver Lake, making the neighborhood a popular choice among commuters. Quick access to I-5 gets Silver Lake residents to vibrant Downtown Seattle in less than an hour as well.
As of January 2026, the average apartment rent in Silver Lake is $1,686 for a studio, $1,735 for one bedroom, $2,052 for two bedrooms, and $2,394 for three bedrooms. Apartment rent in Silver Lake has decreased by -4.6% in the past year.
Studio
545 sq ft
Average Sq Ft
$1,686/month
Average Rent
1 BR
661 sq ft
Average Sq Ft
$1,735/month
Average Rent
2 BR
928 sq ft
Average Sq Ft
$2,052/month
Average Rent
3 BR
1,150 sq ft
Average Sq Ft
$2,394/month
Average Rent
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
Current Resident
7 months ago•Niche Review
I really love living here in the Silver Lake Neighborhood of Everett, Washington. It's quiet, there are lots of trees and outdoor activities. The public schools are good and the neighborhood is pretty diverse considering the overall population demographics. I do wish there was more of a nightlife scene. I also wish there was more recreation in general and more places to eat. But I really love the peaceful tranquility of the neighborhood.
Niche User
9 years and 5 months ago•Niche Review
My neighbors are friendly, there are elementary and middle schools nearby. The neighborhood generally feels safe and stays relatively clean.
Niche User
9 years and 5 months ago•Niche Review
Occasional minor thefts in neighborhood but nothing major nearby.
Niche User
9 years and 6 months ago•Niche Review
Great sense of community; in the center of everything
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.