2111 Waverly Pl N
SeattleWA98109
Cheap Homes for Rent in Lake Union Neighborhood of Seattle, WA from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Union area of Seattle.
610 E Thomas St
SeattleWA98102
211 Summit Ave E
SeattleWA98102
901 5th Ave N, Unit #206
901 5th Ave N
SeattleWA98109
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.
2228 Yale Ave E, Unit 13
2228 Yale Ave E
SeattleWA98102
506 E Howell St
SeattleWA98122
416 E Roy St, Unit The Bamberg
416 E Roy St
SeattleWA98102
1730 Taylor Ave N, Unit 302
1730 Taylor Ave N
SeattleWA98109
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.
Showing Results 1-8, Page 1 of 1
Lake Union, Seattle, WA Local Guide
How much does it cost to rent a home in Lake Union?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Lake Union 2 Bedroom Homes for Rent | $3,535 | $1,225 | $5,350 |
| Lake Union 3 Bedroom Homes for Rent | $5,400 | $5,000 | $5,800 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Lake Union Neighborhood of Seattle, WA.
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Lake Union, Seattle, WA Local Guide
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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 $950. El Mondo Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,025. Here are the most affordable Lake Union apartments for rent in Seattle, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Amherst Micro Studios | Micro Studio | Studio,1BA | $950 |
| El Mondo Apartments | 0BR/1.0BA | Studio,1BA | $1,025 |
| Kulle Urban Living | Urban Studio F | Studio,1BA | $1,050 |
Best Value Apartments for Rent in Lake Union, WA
As of May 29, 2025 the best value apartment in the Lake Union area is the $2.92 price per square foot 2234 Eastlake Ave E Model at 2234 Eastlake Ave E, Unit PH1 in the in the Capitol Hill neighborhood starting from $3,800. The second greatest value Lake Union apartment is the 2x1 Model at Roycroft Apartments starting at $2,100 with a $2.10 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2234 Eastlake Ave E, Unit PH1 | 2234 Eastlake Ave E | 3BR,2BA | $2.92 |
| Roycroft Apartments | 2x1 | 2BR,1BA | $2.10 |
| Lakeview Apartments | 2 Bedroom | 2BR,1BA | $2.31 |
| Hamlin Place | 1BR/1.0BA | 1BR,1BA | $2.71 |
| UDH - University District Heights | 1BR/1.0BA | 1BR,1BA | $2.63 |
| Red Lion | 1bd/1ba 2 | 1BR,1BA | $2.63 |
| Valley Street Apartments | 1BR/1.0BA | 1BR,1BA | $2.92 |
| Castle Apartments | 101 | Studio ,1BA | $2.60 |
| Varick | 0BR/1.0BA | Studio ,1BA | $2.56 |
| Amherst Micro Studios | Micro Studio | Studio ,1BA | $2.71 |
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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Frequently Asked Questions about Lake Union
What type of rentals are currently available in Lake Union?
There are currently 824 Apartments for Rent in Lake Union, WA with pricing that ranges from $950 to $31,995. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Union ranging from $1,225 to $5,800.
What is the current price range for Rental Homes in Lake Union?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Lake Union ranges from $1,225 to $5,800 with an average monthly rent of $3,214.
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.
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.
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.
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.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.