Oasis at Riverlights
4027 Watercraft Ferry Ave,
Wilmington, NC 28412
$1,557 - $2,029
1-3 Beds
Area Guide
Silver Lake Wilmington, NC
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 August 2026, the average apartment rent in Silver Lake is $1,639 for a studio, $1,504 for one bedroom, $1,743 for two bedrooms, and $2,121 for three bedrooms. Apartment rent in Silver Lake has increased by 5.7% in the past year.
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Studio
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528 sq ft
Average Sq Ft
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$1,639/month
Average Rent
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1 BR
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755 sq ft
Average Sq Ft
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$1,504/month
Average Rent
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2 BR
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1,034 sq ft
Average Sq Ft
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$1,743/month
Average Rent
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3 BR
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1,373 sq ft
Average Sq Ft
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$2,121/month
Average Rent
Learn More About Silver Lake
Getting Around
Explore how walkable, bikeable, drivable, and transit-friendly Silver Lake - Wilmington, NC is for everyday living.
Somewhat Walkable
Walkability
20
/ 100
Very Drivable
Drivability
80
/ 100
Fairly Bikeable
Bikeability
40
/ 100
Daily Essentials
Essentials are more spread out in Silver Lake - Wilmington, NC, so everyday errands require more planning.
Supermarket Within a 30 Minute Walk
Groceries
30
/ 100
Fair Restaurant Variety Nearby
Restaurants
40
/ 100
Limited Café Variety Nearby
Cafes
20
/ 100
Limited Variety of Shops Nearby
Shopping
30
/ 100
Local Vibe
Get a sense of what it’s like to live in Silver Lake - Wilmington, NC from everyday activity to noise and nightlife.
Calm Atmosphere
Vibrancy
10
/ 100
Limited Nightlife Variety Nearby
Nightlife
30
/ 100
Not Noisy
Quiet Score
100
/ 100
Scores provided by
Reviews of Silver Lake - Wilmington, NC
Niche Reviews 
8 Reviews
Niche User
10 years and 5 months ago•Niche Review
If I had to do it all over again, I would probably come here if I had the option. The problem was with who I came with and the experiences I had surrounding them. That was the major negative in this location. Otherwise, I have done fairly well. I would make some different choices in other aspects of my life but I am overall happy.
Niche User
11 years and 10 months ago•Niche Review
There is never any jobs for people. We have a pretty high unemployment rate and the unemployment office is always packed full of people. The pay for any job in this town is so incredibly low, you cannot pay your bills with it.
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
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Nearby City Rentals
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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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.