Cheap Apartments for Rent in the Lake Union Neighborhood of Seattle, WA from $600 (227 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.

property at 564 McGraw St

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

564 McGraw St

SeattleWA98109
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Dexter Lake Union
Rent Specials
$1,450 - $3,646
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Total Monthly Price

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$1,450 - $3,646

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Studio to 2 Bedroom Apartments Available Now

Dexter Lake Union

1211-1215 Dexter Ave NSeattle, WA 98109
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Shelton Eastlake
$1,455 - $5,992
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$1,455 - $5,992

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Studio to 2 Bedroom Apartments Available Now

Shelton Eastlake

2359 Franklin Ave ESeattle, WA 98102
Corporate Housing
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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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The Waverly
Rent Specials
$1,547 - $9,370
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$1,547 - $9,370

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Studio to 3 Bedroom Apartments Available Now

The Waverly

210 8th Ave NSeattle, WA 98109
Furnished
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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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624 Yale
Rent Specials
$1,622 - $2,747
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$1,622 - $2,747

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Studio to 2 Bedroom Apartments Available Now

624 Yale

624 Yale Ave NSeattle, WA 98109
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The Hayes on Stone Way
Rent Specials
$1,722 - $3,490
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$1,722 - $3,490

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Studio to 2 Bedroom Apartments Available Now

The Hayes on Stone Way

3627 Stone Way NSeattle, WA 98103
Corporate Housing
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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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Shoresmith
Rent Specials
$1,799 - $2,899
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Base Rent
$1,799 - $2,899

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Studio to 1 Bedroom Apartments Available Now

Shoresmith

1170 Republican StSeattle, WA 98109
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property at 812 5th Ave N

$1,850

Total Monthly Price

Total Monthly Price

Base Rent
$1,850

Total Monthly Price
$1,850

Studio, 1 Bath Condo for Rent

Available Now

812 5th Ave N, Unit #209

812 5th Ave N
SeattleWA98109

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 has the second lowest priced unit, which is a Studio apartment currently listed from $799. 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 FranklinStudioStudio,1BA$799
Odessa ApartmentsStudioStudio,1BA$915
Abbey Park ApartmentsStudioStudio,1BA$995
Lime Studios0 Beds, 1 BathsStudio,1BA$995
3633 Linden Ave NStudio 1 Bath 234 sqftStudio,1BA$1,005
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,050
Denny Park ApartmentsStudioStudio,1BA$1,100
Bell View ApartmentsStudio / 1 BathStudio,1BA$1,167
Kulle Urban Living0/1.00Studio,1BA$1,205

Best Value Apartments for Rent in Lake Union, WA

As of July 04, 2026 the best value apartment in the Lake Union area is the $2.54 price per square foot 2 Beds, 2 baths Model at Bella Vista Apartments in the in the Capitol Hill neighborhood starting from $3,050. The second greatest value Lake Union apartment is the 2x1 Model at Roycroft Apartments starting at $2,445 with a $2.57 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.
Bella Vista Apartments2 Beds, 2 baths2BR,2BA$2.54
Roycroft Apartments2x12BR,1BA$2.57
Lakeview Apartments2 Bedroom2BR,1BA$2.19
Minor Tower1 Bed / 1 Bath1BR,1BA$2.20
Lakeview Apartments1BD/1BA1BR,1BA$2.14
Roanoke Court1BDRM1BR,1BA$2.64
St.Ingbert Apartments1 Bedroom1BR,1BA$2.55
Denny Park ApartmentsStudioStudio ,1BA$1.85
Anchor FlatsOne Bedroom Open - 60% AMI1BR,1BA$2.56
Castle Apartments101Studio ,1BA$2.60

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 Camelot Apartments.

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 $1,975 at Lakeview Apartments.

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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The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. I've lived here for 30+ years and have watched the city grow while holding onto what makes it unique.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.