Cheap Apartments for Rent in the Lake Union Neighborhood of Seattle, WA from $600 (208 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lake Union 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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property at 564 McGraw St

$1,325

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$1,325
Total Monthly Price
$1,325

1 Bedroom, 1 Bath Townhome for Rent

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564 McGraw St

SeattleWA98109
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The Waverly
$1,373 - $8,840
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$1,373 - $8,840
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Studio to 3 Bedroom Apartments Available Now

The Waverly

210 8th Ave NSeattle, WA 98109
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Shelton Eastlake
Rent Specials
$1,381 - $2,589
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$1,381 - $2,589
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Studio to 2 Bedroom Apartments Available Now

Shelton Eastlake

2359 Franklin Ave ESeattle, WA 98102
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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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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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property at 258 E Newton St

$1,595 - $1,695

1 Bedroom Rentals

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258 E Newton St

SeattleWA98102

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 Cline
Rent Specials
$1,700 - $4,948
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$1,700 - $4,948
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Studio to 2 Bedroom Apartments Available Now

The Cline

3665 Stone Way NSeattle, WA 98103
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Shoresmith
Rent Specials
$1,704 - $2,869
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$1,704 - $2,869
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Studio to 1 Bedroom Apartments Available Now

Shoresmith

1170 Republican StSeattle, WA 98109
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Sitka
Rent Specials
$1,742 - $4,750
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$1,742 - $4,750
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1 to 2 Bedroom Apartments Available Now

Sitka

1255 Harrison StSeattle, WA 98109
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The Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

Dive into Seattle's fascinating history—from its 'swampy mess' origins to the birthplace of grunge. Explore areas to rent like Pike Place Market, Pioneer Square, and the new Overlook Walk.

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Lake Union, Seattle, WA Local Guide

Cheapest Available Lake Union Apartments for Rent

 

The cheapest available apartment rental in the Lake Union area of Seattle, WA is a Studio unit found at Amherst Micro Studios priced from $795. 2371 Franklin Apartments in Eastlake has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Amherst Micro StudiosMicro StudioStudio,1BA$795
2371 Franklin Apartments in EastlakeStudioStudio,1BA$850
St.Ingbert ApartmentsStudioStudio,1BA$900
Odessa ApartmentsStudioStudio,1BA$925
Lime Studios0 Beds, 1 BathsStudio,1BA$995
Abbey Park ApartmentsStudioStudio,1BA$995
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,095
Denny Park ApartmentsStudioStudio,1BA$1,100
Casa PacificaStudio Nook - 60% AMIStudio,1BA$1,173
Alloy0BR/1.0BAStudio,1BA$1,191

Best Value Apartments for Rent in Lake Union, WA

As of May 20, 2026 the best value apartment in the Lake Union area is the $2.40 price per square foot 2BR/2.0BA Model at Mercerview Apartments in the in the Broadway neighborhood starting from $3,095. The second greatest value Lake Union apartment is the 2BR/2.0BA Model at Ramayana Apartments starting at $2,595 with a $2.47 price per square foot in the Capitol Hill neighborhood. Here is today’s list of the best values for Lake Union apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mercerview Apartments2BR/2.0BA2BR,2BA$2.40
Ramayana Apartments2BR/2.0BA2BR,2BA$2.47
Lakeview Apartments2BD/1BA2BR,1BA$2.35
Lakeview Apartments2 Bedroom2BR,1BA$2.31
Minor Tower Apartments - Located in Eastlake1 Bed / 1 Bath1BR,1BA$2.34
St.Ingbert Apartments1 Bedroom1BR,1BA$2.36
Bellevue Manor ApartementsBMA - 1 bed, 1 bath 650 SF1BR,1BA$2.45
Denny Park ApartmentsStudioStudio ,1BA$1.85
Fremont Solstice1BL1BR,1BA$2.50
Casa PacificaStudio Nook - 60% AMIStudio ,1BA$2.30

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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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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Lifestyle Ratings

Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Lake Union, Seattle, and the greater Seattle area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, places that make kids happy, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Lake Union Apartments

What is the Cheapest Studio apartment in Lake Union?

Currently the most affordable Cheap Studio Apartment in Lake Union is at Amherst Micro Studios listed at $795.

How much is rent for a Cheap One Bedroom Lake Union Apartment?

The lowest price for a Cheap One Bedroom Lake Union Apartment is $1,395 at Harvard House.

What is the lowest price for a Cheap Two Bedroom Lake Union Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lake Union is starting from $1,850 at Lakeview Apartments.

What is the most affordable Lake Union Three Bedroom Apartment?

The best deal on a cheap Lake Union Three Bedroom Apartment rental is at AMLI Wallingford and starts from $4,925.

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

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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.

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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

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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.