564 McGraw St
SeattleWA98109
Cheap Homes for Rent in Lake Union Neighborhood of Seattle, WA from $1,300 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Lake Union area of Seattle.
712 E Denny Way, Unit 403
712 E Denny Way
SeattleWA98122
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$1,500
Total Monthly Price
Studio Apartments Available Nov 10Total Monthly Price
Base Rent
$1,500
Total Monthly Price
$1,500
408 Aurora Ave N, Unit SI FL7-ID74
408 Aurora Ave NSeattle, WA 98109
1312 6th Ave N
SeattleWA98109
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$1,6751 Bedroom Apartments Available Jul 1
909 4th Ave N, Unit H
909 4th Ave NSeattle, WA 98109
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.
752 Bellevue Ave E, Unit 110
752 Bellevue Ave E
SeattleWA98102
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$1,920
Total Monthly Price
Studio Apartments Available Aug 11Total Monthly Price
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$1,920
Total Monthly Price
$1,920
624 Yale Ave N, Unit SI FL2-ID710
624 Yale Ave NSeattle, WA 98109
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$1,960
Total Monthly Price
Studio Apartments Available Dec 21Total Monthly Price
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$1,960
Total Monthly Price
$1,960
101 Taylor Ave N, Unit SI FL8-ID594
101 Taylor Ave NSeattle, WA 98109
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$1,960
Total Monthly Price
Studio Apartments Available Dec 20Total Monthly Price
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$1,960
Total Monthly Price
$1,960
1520 Eastlake Ave E, Unit SI FL4-ID212
1520 Eastlake Ave ESeattle, WA 98102
530 Melrose Ave E
SeattleWA98102
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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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 | $3,261 | $2,250 | $4,450 |
| Lake Union 3 Bedroom Homes for Rent | $9,436 | $4,300 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Lake Union Neighborhood of Seattle, WA.
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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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Amherst Micro Studios | Micro Studio | Studio,1BA | $795 |
| 2371 Franklin | Studio | Studio,1BA | $799 |
| Abbey Park Apartments | Studio | Studio,1BA | $825 |
Best Value Apartments for Rent in Lake Union, WA
As of June 11, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Mercerview Apartments | 2BR/2.0BA | 2BR,2BA | $2.40 |
| Ramayana Apartments | 2BR/2.0BA | 2BR,2BA | $2.47 |
| Lakeview Apartments | 2 Bedroom | 2BR,1BA | $2.19 |
| Casa Pacifica | 2 Bedroom A - 50% AMI | 2BR,1BA | $1.94 |
| Minor Tower | 1 Bed / 1 Bath | 1BR,1BA | $2.27 |
| Madlyn Apartments | One Bedroom | 1BR,1BA | $2.43 |
| Lakeview Apartments | 1BD/1BA | 1BR,1BA | $2.25 |
| Anchor Flats | One Bedroom Open - 60% AMI | 1BR,1BA | $2.28 |
| Denny Park Apartments | Studio | Studio ,1BA | $1.85 |
| Abbey Park Apartments | Studio | Studio ,1BA | $2.36 |
Frequently Asked Questions about Lake Union
What type of rentals are currently available in Lake Union?
There are currently 811 Apartments for Rent in Lake Union, WA with pricing that ranges from $795 to $31,995. There are also 70 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Union ranging from $1,325 to $24,890.
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 $1,325 to $24,890 with an average monthly rent of $4,939.
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
The 10 Best Affordable Neighborhoods in Seattle, WA
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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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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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The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle
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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.
Articles, How-To's, and Tips
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.
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.