Cheap Apartments for Rent in the Central Waterfront Neighborhood of Seattle, WA from $600 (327 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Waterfront area of Seattle.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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BEAM
Rent Specials
$1,293 - $4,542
Total Monthly Price

Total Monthly Price

Base Rent
$1,293 - $4,542
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

BEAM

1029 S Jackson StSeattle, WA 98104
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Mason & Main
Rent Specials
$1,392 - $3,472
Total Monthly Price

Total Monthly Price

Base Rent
$1,392 - $3,472
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Mason & Main

209 12th Ave SSeattle, WA 98144
Transit Friendly
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Central Waterfront, Seattle, WA Local Guide

Cheapest Available Central Waterfront Apartments for Rent

 

The cheapest available apartment rental in the Central Waterfront area of Seattle, WA is a Studio unit found at Alps Hotel priced from $600. Milwaukee Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $735. Here are the most affordable Central Waterfront apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps HotelStudio 1 BathStudio,1BA$600
Milwaukee Apartments1 Bed 1 Bath1BR,1BA$735
The Windham ApartmentsPikeStudio,1BA$755
Alcove First HillStudio BasementStudio,1BA$799
Manchester Arms0BR/1.0BAStudio,1BA$799
Lincoln CourtSStudio,1BA$825
Melrose30%SStudio,1BA$825
LarnedSStudio,1BA$825
422 11th Ave - Amazing Studios!Studio MFTEStudio,1BA$832
423 TerryS StandardStudio,1BA$885

Best Value Apartments for Rent in Central Waterfront, WA

As of June 17, 2026 the best value apartment in the Central Waterfront area is the $1.99 price per square foot 2BR/2.0BA Model at Portico on Terrace Apartments in the in the Downtown Seattle neighborhood starting from $1,995. The second greatest value Central Waterfront apartment is the One Bedroom F Model at Ellis Court Apartments starting at $1,795 with a $2.19 price per square foot in the Belltown neighborhood. Here is today’s list of the best values for Central Waterfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Portico on Terrace Apartments2BR/2.0BA2BR,2BA$1.99
Ellis Court ApartmentsOne Bedroom F1BR,1BA$2.19
Washington Terrace Senior Affordable ApartmentsB12BR,1BA$2.15
Sheridan Apartments1 bedroom, 1 bath1BR,1BA$2.38
Stewart Court Apartments1 Bedroom - 60% AMI1BR,1BA$2.20
John Wallace Apartments1021BR,1BA$2.25
Denny Park ApartmentsStudioStudio ,1BA$1.85
Uncle Bob's PlaceStudioStudio ,1BA$2.12
The Windham ApartmentsAlkiStudio ,1BA$2.01
Milwaukee Apartments1 Bed 1 Bath1BR,1BA$2.33

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

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Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Central Waterfront, Seattle, WA

Ranked #4

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Seattle, WA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, multifamily communities for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Waterfront Apartments

What is a cheap apartment in Central Waterfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Waterfront is under $885.

What is the price of a cheap apartment in Central Waterfront?

The cheapest apartment in Central Waterfront is Milwaukee Apartments which is listed at $735, while the average apartment in Central Waterfront costs $7,150.

What types of apartments are the cheapest in Central Waterfront?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 116 regular apartments in Central Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Central Waterfront?

Cheap apartments in Central Waterfront have an average cost of $145 which is $7,005 cheaper than the average rent for all rentals in Central Waterfront.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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