Cheap Homes for Rent in Central Waterfront Neighborhood of Seattle, WA from $1,400 (52 Rentals)

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

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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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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property at 66 Bell St

66 Bell St, Unit 25

66 Bell St
SeattleWA98121
property at 590 1st Ave S

590 1st Ave S

SeattleWA98104

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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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 $675. Lincoln Court has the second lowest priced unit, which is a Studio apartment currently listed from $790. Here are the most affordable Central Waterfront apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps ApartmentsMicro StudioStudio,1BA$675
Lincoln CourtSStudio,1BA$790
Melrose30%SStudio,1BA$790
LarnedSStudio,1BA$790
Alcove First HillStudio LVT - MFTEStudio,1BA$795
Luna Mia Co-Living StudiosSROStudio,1BA$795
The Oregon ApartmentsStudio A - 30% AMIStudio,1BA$804
Holiday Apartments1B1BR,1BA$847
422 11th Ave - Amazing Remodeled Studios!StudioStudio,1BA$895
Louisa HotelMFTE StudioStudio,1BA$900

Best Value Apartments for Rent in Central Waterfront, WA

As of June 18, 2025 the best value apartment in the Central Waterfront area is the $2.10 price per square foot 2x1 Model at Roycroft Apartments in the in the Capitol Hill neighborhood starting from $2,100. The second greatest value Central Waterfront apartment is the 2BDRM Model at Alexander Apartments starting at $2,395 with a $2.52 price per square foot in the Capitol Hill 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.
Roycroft Apartments2x12BR,1BA$2.10
Alexander Apartments2BDRM2BR,1BA$2.52
UP Uptowner ApartmentsStudioStudio ,1BA$2.23
Sheridan ApartmentsStudioStudio ,1BA$1.81
Uncle Bob's PlaceStudioStudio ,1BA$2.15
Capitol Building ApartmentsStudio1BR,1BA$2.37
Stratford on 4th0BR/1.0BAStudio ,1BA$2.19
Louisa HotelStudio ApartmentsStudio ,1BA$2.58
The GilmoreStudio - 50% AMIStudio ,1BA$2.53
Lincoln CourtSStudio ,1BA$2.55

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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Frequently Asked Questions about Central Waterfront

What type of rentals are currently available in Central Waterfront?

There are currently 788 Apartments for Rent in Central Waterfront, WA with pricing that ranges from $675 to $33,150. There are also 168 Single Family Homes for rent, Condos, and Townhome rentals currently available in Central Waterfront ranging from $1,450 to $8,500.

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 $1,450 to $8,500 with an average monthly rent of $2,844.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.