Cheap Homes for Rent in Central Waterfront Neighborhood of Seattle, WA from $1,300 (26 Rentals)

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

property at 108 5th Ave S

$1,495 - $2,600

Studio To 2 Bedroom Rentals

Available Now

108 5th Ave S

SeattleWA98104

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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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

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The Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

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Showing Results 1-26, Page 1 of 1

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 $610. Milwaukee Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $635. Here are the most affordable Central Waterfront apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps HotelStudio 1 BathStudio,1BA$610
Milwaukee ApartmentsStudio 1 BathStudio,1BA$635
The Windham ApartmentsPikeStudio,1BA$755
Oregon ApartmentsStudio A - 30% AMIStudio,1BA$757
Common CapitolStudioStudio,1BA$795
Belmont Flats0BR/0.5BAStudio,$795
Manchester Arms0BR/1.0BAStudio,1BA$799
Alcove First HillStudio Basement - MFTEStudio,1BA$812
Lincoln CourtSStudio,1BA$825
Melrose30%SStudio,1BA$825

Best Value Apartments for Rent in Central Waterfront, WA

As of April 11, 2026 the best value apartment in the Central Waterfront area is the $2.24 price per square foot 2X2 Model at Terrace View in the in the Downtown Seattle neighborhood starting from $2,349. The second greatest value Central Waterfront apartment is the 1BR/1.0BA Model at Portico on Terrace starting at $1,550 with a $2.30 price per square foot in the Downtown Seattle 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.
Terrace View2X22BR,2BA$2.24
Portico on Terrace1BR/1.0BA1BR,1BA$2.30
600 NinthHT1A1BR,1BA$2.05
The Duke Apartments1BR/1.0BA1BR,1BA$2.23
Denny Park ApartmentsStudioStudio ,1BA$1.85
Uncle Bob's PlaceStudioStudio ,1BA$2.12
Gilmore ApartmentsStudio - 50% AMIStudio ,1BA$2.25
Louisa HotelStudio ApartmentsStudio ,1BA$2.15
The Windham ApartmentsAlkiStudio ,1BA$2.01
Manchester Arms0BR/1.0BAStudio ,1BA$2.28

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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

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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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Frequently Asked Questions about Central Waterfront

What type of rentals are currently available in Central Waterfront?

There are currently 813 Apartments for Rent in Central Waterfront, WA with pricing that ranges from $600 to $31,995. There are also 174 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Waterfront ranging from $1,395 to $9,500.

What is the current price range for Rental Homes in Central Waterfront?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Central Waterfront ranges from $1,395 to $9,500 with an average monthly rent of $4,404.

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.

Helpful Local Expert Guides

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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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Picking the Perfect Seattle Neighborhood for College Life

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. Whether you're new to Seattle or grew up here, the neighborhood where you live makes a huge difference while attending college.

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

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.

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Seattle Short-Term Rentals: Where to Live for a Month (or Three) in the Emerald City

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Greetings! I’m Sharon, your local Seattle expert at ApartmentHomeLiving.com. If you’re looking for short-term rentals, I can help you make an informed choice.

Articles, How-To's, and Tips

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.