Cheap Homes for Rent in Lake Union Neighborhood of Seattle, WA from $1,200 (29 Rentals)

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

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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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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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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 Amherst Micro Studios priced from $795. Odessa Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $899. Here are the most affordable Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Amherst Micro StudiosMicro StudioStudio,1BA$795
Odessa ApartmentsStudioStudio,1BA$899
Eastlake FlatsB - Medium StudioStudio,1BA$925
El Mondo Apartments0BR/1.0BAStudio,1BA$950
Fremont Solstice2BS2BR,1BA$1,060
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,195
Alloy0BR/1.0BAStudio,1BA$1,198
Varick0BR/1.0BAStudio,1BA$1,250
Castle Apartments101Studio,1BA$1,250
Derby Capitol HillType AStudio,1BA$1,290

Best Value Apartments for Rent in Lake Union, WA

As of July 14, 2025 the best value apartment in the Lake Union area is the $2.66 price per square foot 2BD/2BA Model at 6th Ave Apartments in the in the Queen Anne neighborhood starting from $2,750. The second greatest value Lake Union apartment is the 2BR/1.0BA Model at RAM Ramayana Apartments starting at $2,595 with a $2.73 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.
6th Ave Apartments2BD/2BA2BR,2BA$2.66
RAM Ramayana Apartments2BR/1.0BA2BR,1BA$2.73
Sheffield2BD/1BA2BR,1BA$2.33
Lakeview Apartments2 Bedroom2BR,1BA$2.31
Hamlin Place1BR/1.0BA1BR,1BA$2.50
Madlyn ApartmentsOne Bedroom1BR,1BA$2.43
Fremont Solstice2BS2BR,1BA$1.66
Anchor FlatsOne Bedroom Open - 60% AMI1BR,1BA$2.62
Alloy0BR/1.0BAStudio ,1BA$2.27
Castle Apartments101Studio ,1BA$2.60

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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Frequently Asked Questions about Lake Union

What type of rentals are currently available in Lake Union?

There are currently 803 Apartments for Rent in Lake Union, WA with pricing that ranges from $795 to $31,995. There are also 87 Single Family Homes for rent, Condos, and Townhome rentals currently available in Lake Union ranging from $1,225 to $6,000.

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 $6,000 with an average monthly rent of $3,630.

How much are larger Three and Four Bedroom Rentals in Lake Union?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Lake Union range from $5,010 to $31,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $4,950 to $5,495. Four Bedroom Single-Family rentals are also available starting from $4,795 and Four Bedroom Apartments start at $3,850.

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.

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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.