Cheap Apartments for Rent in the Central Waterfront Neighborhood of Seattle, WA from $500 (228 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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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 Apartments priced from $580. Luna Mia Co-Living Studios has the second lowest priced unit, which is a Studio apartment currently listed from $699. Here are the most affordable Central Waterfront apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps ApartmentsMicro StudioStudio,1BA$580
Luna Mia Co-Living StudiosLease Today and Receive 6 Weeks Free! Classic a...Studio,$699
422 11th Ave - Amazing Remodeled Studios!StudioStudio,1BA$799
Hudson House0BD/0.5BA 171 sq ftStudio,$799
Alcove First HillStudio LVT - MFTEStudio,1BA$812
Lincoln CourtSStudio,1BA$825
Holiday Apartments1B1BR,1BA$883
Manchester ArmsStudio 1Studio,1BA$895
Louisa HotelAffordable StudioStudio,1BA$900
Cambridge ApartmentsStudio - 50% AMIStudio,1BA$950

Best Value Apartments for Rent in Central Waterfront, WA

As of November 06, 2025 the best value apartment in the Central Waterfront area is the $2.29 price per square foot 2BR/1.0BA Model at Kelo in the in the Capitol Hill neighborhood starting from $1,950. The second greatest value Central Waterfront apartment is the 1BD/1BA Model at Dalmasso Apartments starting at $1,525 with a $2.03 price per square foot in the Queen Anne 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.
Kelo2BR/1.0BA2BR,1BA$2.29
Dalmasso Apartments1BD/1BA1BR,1BA$2.03
Red Lion1 Bed1BR,1BA$2.30
The Winston1x11BR,1BA$2.19
Star ApartmentsStar 1 Bed 1 Bath + Den1BR,1BA$2.17
Sheridan Apartments1 bedroom, 1 bath1BR,1BA$2.38
Tate Mason House - 55+ Community1 Bedroom - 60% AMI1BR,1BA$2.43
Uncle Bob's PlaceStudioStudio ,1BA$2.12
Capitol Building ApartmentsStudioStudio ,1BA$2.37
CharlesgateStudioStudio ,1BA$2.22

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 #5

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 $950.

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

The cheapest apartment in Central Waterfront is Alps Apartments which is listed at $825, while the average apartment in Central Waterfront costs $6,559.

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 165 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 $227 which is $6,332 cheaper than the average rent for all rentals in Central Waterfront.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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The 10 Best Affordable Neighborhoods in Seattle, WA

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. My husband, two children, and I moved to West Seattle in 1995.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.