Cheap Apartments for Rent in the Lake Union Neighborhood of Seattle, WA from $500 (137 Rentals)

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

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St.Ingbert Apartments
$900 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,700
Required Monthly Fees
$50
Total Monthly Price
$900 - $1,750
Studio to 1 Bedroom Apartments Available Now

St.Ingbert Apartments

309 E Harrison StSeattle, WA 98102
Affordability
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  • Utilities Included
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Derby SLU
Rent Specials
$1,240 - $1,414
Total Monthly Price

Total Monthly Price

Base Rent
$1,055 - $1,229
Required Monthly Fees
$185
Total Monthly Price
$1,240 - $1,414
Studio Apartments Available Now

Derby SLU

1210 Republican StSeattle, WA 98109
Furnished
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  • Customer Reviewed
  • 3D Tour

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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Derby Capitol Hill
Rent Specials
$1,365 - $1,790
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $1,605
Required Monthly Fees
$185
Total Monthly Price
$1,365 - $1,790
Studio Apartments Available Now

Derby Capitol Hill

123 Bellevue Ave ESeattle, WA 98102
Affordability
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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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Shelton Eastlake
$1,535 - $3,669
Total Monthly Price

Total Monthly Price

Base Rent
$1,530 - $3,664
Required Monthly Fees
$5
Total Monthly Price
$1,535 - $3,669
Studio to 2 Bedroom Apartments Available Now

Shelton Eastlake

2359 Franklin Ave ESeattle, WA 98102
Corporate Housing
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  • Customer Reviewed
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Rubix
Rent Specials
$1,538 - $5,514
Total Monthly Price

Total Monthly Price

Base Rent
$1,533 - $5,509
Required Monthly Fees
$5
Total Monthly Price
$1,538 - $5,514
Studio to 2 Bedroom Apartments Available Now

Rubix

515 Harvard Ave ESeattle, WA 98102
Transit Friendly
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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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Oslo
Rent Specials
$1,575 - $1,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,570 - $1,994
Required Monthly Fees
$5
Total Monthly Price
$1,575 - $1,999
Studio to 1 Bedroom Apartments Available Mar 4

Oslo

323 Bellevue Ave ESeattle, WA 98102
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Modera South Lake Union
Rent Specials
$1,599 - $3,597
Total Monthly Price

Total Monthly Price

Base Rent
$1,539 - $3,537
Required Monthly Fees
$60
Total Monthly Price
$1,599 - $3,597
Studio to 1 Bedroom Apartments Available Now

Modera South Lake Union

435 Dexter Ave NSeattle, WA 98109
Transit Friendly
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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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Lakeview Apartments
Studio to 2 Bedroom Apartments

Lakeview Apartments

1170 Harrison StSeattle, WA 98109

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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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 2371 Franklin Apartments in Eastlake priced from $799. Eastlake Flats has the second lowest priced unit, which is a Studio apartment currently listed from $895. Here are the most affordable Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
2371 Franklin Apartments in EastlakeStudioStudio,1BA$799
Eastlake FlatsA - Small StudioStudio,1BA$895
St.Ingbert ApartmentsStudioStudio,1BA$900
Kulle Urban Living0BR/1.0BAStudio,1BA$950
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,050
Lime Studios0 Beds, 1 BathsStudio,1BA$1,145
Yale0BR/1.0BAStudio,1BA$1,195
Scandia Mignon Apartment Homes0BR/1.0BAStudio,1BA$1,200
741 Harvard Modern studios with w/d in unit!0BR/1.0BAStudio,1BA$1,219
Derby SLUSouthStudio,1BA$1,240

Best Value Apartments for Rent in Lake Union, WA

As of February 17, 2026 the best value apartment in the Lake Union area is the $2.45 price per square foot 2BR/2.0BA Model at Mercerview Apartments in the in the Broadway neighborhood starting from $3,163. The second greatest value Lake Union apartment is the 2BD/2BA Model at 6th Ave Apartments starting at $2,500 with a $2.42 price per square foot in the Queen Anne 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$2.45
6th Ave Apartments2BD/2BA2BR,2BA$2.42
Sheffield2BD/1BA2BR,1BA$2.33
Amherst1 Bed, 1 bath1BR,1BA$1.88
Lakeview Apartments2 Bedroom2BR,1BA$2.31
La Rochelle1X1 A1BR,1BA$2.27
Larson BuildingStudioStudio ,1BA$2.07
St.Ingbert Apartments1 Bedroom1BR,1BA$2.36
Lakeview Apartments1BD/1BA1BR,1BA$2.43
Roycroft Apartments1x11BR,1BA$2.46

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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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 2371 Franklin Apartments in Eastlake listed at $799.

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

The lowest price for a Cheap One Bedroom Lake Union Apartment is $1,295 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 $1,767 at Oleta.

What is the most affordable Lake Union Three Bedroom Apartment?

The best deal on a cheap Lake Union Three Bedroom Apartment rental is at Stack House and starts from $4,195.

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

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

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.