Updated 5+ Days Ago
Location
518 S Water St #1, Silverton, OR 97381, USA
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Policies and fees
Applicants
Applicants
One-time.
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REQUIRED FEES
Security Deposit
One-time. Refundable.
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Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
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About 518 S Water St #1
Lovely Vintage 1910, 3 bedroom plus office & 2 baths, approx. 3 blocks from the heart of town! Approx. 1 block from city swimming pool, Coolidge McClaine Park, & Library. Refinished wood floors; frig, new elect. range, rear deck; mud room at back side entrance from driveway. Utility/Laundry Room Hook-ups; bring your own washer & dryer, gas heat; dishwasher, fenced back yard; tenant pays all utilities; No smoking; No pets. EV Charging port. Application fee $35 for each tenant 18 years or over. Move-In costs include first month rent, last month rent, $1950 security deposit for a total move-in cost of $5850. Management by Donna Rash/Broker-Prop. Mgr. 503-871-0490, ****; Harcourts Silverton; 119 N Water St., Silverton, OR 97381. This property will be ready for move-in on approximately 9/12/26
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 518 S Water St #1 compares to other nearby properties.
Positives
- Less expensive
- The 3-bedrooms are cheaper than other similar listings nearby
- High school nearby
- There is a high school 1 mile away
- Middle school nearby
- There is a middle school 1 mile away
Address details
| Zip code | 97381 |
|---|---|
| Type | House for rent |
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Rent trends in Silverton
3-bedroom apartments at 518 S Water St #1 cost about 22% less than the average rent price for 3-bedroom apartments in Silverton.
Median rents as of Sep 12 2026.
Silverton
| Month | Median Rent |
|---|---|
| February 2025 | $2,475 |
| March 2025 | $2,487 |
| June 2025 | $2,500 |
| July 2025 | $2,499 |
| August 2025 | $2,497 |
| September 2025 | $2,495 |
| November 2025 | $2,459 |
| December 2025 | $2,498 |
| January 2026 | $2,471 |
| February 2026 | $2,478 |
| March 2026 | $2,512 |
| April 2026 | $2,523 |
| May 2026 | $2,420 |
| June 2026 | $2,283 |
| July 2026 | $2,190 |
| August 2026 | $2,438 |
| September 2026 | $2,500 |
Affordability calculator
Can I afford to live at 518 S Water St #1?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$78,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $78,000 annually to afford this 3-bedrooms monthly rent price of $1,950.
For more information on rent affordability, visit our rent calculator.
Schools near 518 S Water St #1
Robert Frost Elementary School
201 westfield st
silverton, OR, 97381
K-5Public
B+
Mark Twain Elementary School
425 church st
silverton, OR, 97381
K-5Public
B+
Oregon School for the Deaf
999-a locust st ne
salem, OR, 97303
K-12Public
North Santiam Options Academy
757 w locust st
stayton, OR, 97383
K-12Public
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Internet available near 518 S Water St #1
Getting around Silverton near 518 S Water St #1
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
2/10
This is semi-bikeable, but you’ll need another way of getting around.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 518 S Water St #1, Silverton
Groceries
7/10
Wide variety of groceries within a short drive, including some within walking distance
Shopping
5/10
Variety of shops within a short drive
Cafes
6/10
Wide variety of cafés within a short drive, including some within walking distance
Restaurants
6/10
Variety of restaurants within a short drive
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
5/10
At least one high school within a 20-minute walk
Nightlife
7/10
Wide variety of bars within a short drive, including some within walking distance
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