Cheap Homes for Rent in Lake Union Neighborhood of Seattle, WA from $1,500 (27 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-27, Page 1 of 1

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 $915. 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$915
Eastlake FlatsB - Medium StudioStudio,1BA$925
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,050
Kulle Urban LivingUrban Studio AStudio,1BA$1,070
The Davenport0-StudioStudio,1BA$1,075
Lime Studios0 Beds, 1 BathsStudio,1BA$1,145
Abbey Park Apartments in Vibrant EastlakeStudioStudio,1BA$1,195
Alloy0BR/1.0BAStudio,1BA$1,198
741 Harvard Modern studios with w/d in unit!0BR/1.0BAStudio,1BA$1,225

Best Value Apartments for Rent in Lake Union, WA

As of September 15, 2025 the best value apartment in the Lake Union area is the $2.46 price per square foot 2510 Fairview Ave E Model at 2510 Fairview Ave E, Unit 100 in the in the Cascade neighborhood starting from $3,695. The second greatest value Lake Union apartment is the 2 Beds, 2 baths Model at Bella Vista Apartments starting at $3,050 with a $2.54 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.
2510 Fairview Ave E, Unit 1002510 Fairview Ave E2BR,1.5BA$2.46
Bella Vista Apartments2 Beds, 2 baths2BR,2BA$2.54
Annaliese1 Bed 1 Bath A41BR,1BA$2.38
Larson Building1 Bed 1 Bath1BR,1BA$2.51
Lakeview Apartments2 Bedroom2BR,1BA$2.31
Madlyn ApartmentsOne Bedroom1BR,1BA$2.43
525 E Roy St1BR/1.0BA1BR,1BA$2.56
Camelot Apartments1BR/1.0BA1BR,1BA$2.49
Sheffield1bd 3041BR,1BA$2.52
Alloy0BR/1.0BAStudio ,1BA$2.27

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Lake Union, Seattle, WA

Ranked #17

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

Frequently Asked Questions about Lake Union

What type of rentals are currently available in Lake Union?

There are currently 805 Apartments for Rent in Lake Union, WA with pricing that ranges from $795 to $31,995. There are also 92 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Union ranging from $1,550 to $8,500.

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 $1,550 to $8,500 with an average monthly rent of $3,589.

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.

decorative image for The 10 Best Affordable Neighborhoods in Seattle, WA article

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.