Oasis at Riverlights
4027 Watercraft Ferry Ave,
Wilmington, NC 28412
$1,349 - $2,591
1-3 Beds
Silver Lake
Wilmington, NC
Silver Lake - Wilmington, NC
Area Guide
Niche Reviews 
With tidy apartment buildings and spacious single-family homes lining the meandering streets of Silver Lake, this suburb four miles south of Wilmington welcomes residents with a sense of serenity and amazing access to water-based recreation. While only a handful of houses surround the lake that gives the neighborhood its name, the Cape Fear River borders the western edge of the Silver Lake neighborhood, and the Intracoastal Waterway and Atlantic Ocean are only two miles to the east.
Take a ferry or sail your own boat to Masonboro Island, just east of Silver Lake, to enjoy hiking, boating, fishing, and swimming, and then stop for a bite to eat with neighbors on your way home at one of the many local faves along Carolina Beach Road. The Cape Fear Seafood Company, one of the top-rated restaurants in the Wilmington area, prepares locally-caught seafood perfectly.
Rent Trends
As of December 2025, the average apartment rent in Silver Lake is $1,048 for a studio, $1,374 for one bedroom, $1,662 for two bedrooms, and $2,074 for three bedrooms. Apartment rent in Silver Lake has decreased by -0.2% in the past year.
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Studio
-
439 sq ft
Average Sq Ft
-
$1,048/month
Average Rent
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1 BR
-
752 sq ft
Average Sq Ft
-
$1,374/month
Average Rent
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2 BR
-
1,090 sq ft
Average Sq Ft
-
$1,662/month
Average Rent
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3 BR
-
1,379 sq ft
Average Sq Ft
-
$2,074/month
Average Rent
Transportation
36
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
3
Minimal Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
39
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Reviews of Silver Lake - Wilmington, NC
Niche Reviews
8 Reviews
Niche User
9 years and 9 months ago•Niche Review
The lighting could be better all around. In certain areas it is very good. Other places if it was better, it would just be destroyed or maybe it has been. The police don't seem to take you too serious if you are gay or of color. It almost seems like they are there to pacify you but aren't really going to do anything about your situation. There is a lot of publicity on the news about trying to diminish the gangs presence in our city but I never see any real results.
Niche User
9 years and 10 months ago•Niche Review
Crime is not big in the neighborhood
Points of Interest
Shopping Centers
Parks and Recreation
- Children's Museum of Wilmington
- Cape Fear Museum of History & Science
- New Hanover County Arboretum
- Airlie Gardens
- Carolina Beach State Park
Airports
- Wilmington International
Top Apartments in Silver Lake
Houses for Rent in Silver Lake
Property Management Companies
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Methodology
† 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.