Cheap Apartments for Rent in the Portage Bay Neighborhood of Seattle, WA from $500 (428 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Portage Bay area of Seattle.

property at 5015 17th Ave NE

5015 17th Ave NE

SeattleWA98105
Showing Results 1-50, Page 1 of 9

Portage Bay, Seattle, WA Local Guide

Cheapest Available Portage Bay Apartments for Rent

 

The cheapest available apartment rental in the Portage Bay area of Seattle, WA is a Studio unit found at Sun Property priced from $683. Sun light has the second lowest priced unit, which is a Studio apartment currently listed from $745. Here are the most affordable Portage Bay apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Sun PropertyFurnished dorm roomStudio,$683
Sun lightMicro Studio STUDENT ONLYStudio,1BA$745
422 11th Ave - Amazing Studios!StudioStudio,1BA$750
Madison 2.0 Studios in Capitol Hill!MFTE- Income Specific UnitsStudio,1BA$795
Lincoln CourtSStudio,1BA$825
Amherst Micro StudiosMicro StudioStudio,1BA$825
Husky Court Apartments0BR/1.0BAStudio,1BA$849
4538 18th Ave NEPod Second Floor6BR,1BA$875
Holiday Apartments1B1BR,1BA$883
Ivy Ridge ApartmentsCongregate ApartmentStudio,1BA$895

Best Value Apartments for Rent in Portage Bay, WA

As of November 16, 2025 the best value apartment in the Portage Bay area is the $0.58 price per square foot Pod Second Floor Model at 4538 18th Ave NE in the in the University District neighborhood starting from $875. The second greatest value Portage Bay apartment is the 4x2 Model at Forde Apartments starting at $2,200 with a $1.54 price per square foot in the University District neighborhood. Here is today’s list of the best values for Portage Bay apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
4538 18th Ave NEPod Second Floor6BR,1.5BA$0.58
Forde Apartments4x24BR,2BA$1.54
Parsonage4 Bedroom 14BR,2BA$1.14
Kelo2BR/1.0BA2BR,1BA$2.18
The Frederick Apartments2BR/1.0BA2BR,1BA$2.12
Radian Apartments2BR/2.0BA2BR,2BA$2.14
Bayview ApartmentsBAY - 1 bed, 1 bath, 675 SF1BR,1BA$2.11
Camden Apartments1BR/1.0BA1BR,1BA$2.25
Monterey Apartments1BR/1.0BA1BR,1BA$2.18
Elizabeth James House1B1BR,1BA$2.08

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Pet Friendly Lifestyle
Portage Bay, Seattle, WA

Ranked #3

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across Washington and customized analysis for North Central Seattle. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of 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!

Getting Around the Portage Bay Neighborhood in Seattle, WA

Walk Score®

76 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

84 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

74 / 100

Excellent Transit

Transit is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Portage Bay Apartments

What is a cheap apartment in Portage Bay?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portage Bay is under $895.

What is the price of a cheap apartment in Portage Bay?

The cheapest apartment in Portage Bay is Holiday Apartments which is listed at $883, while the average apartment in Portage Bay costs $7,200.

What types of apartments are the cheapest in Portage Bay?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 225 regular apartments in Portage Bay that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Portage Bay?

Cheap apartments in Portage Bay have an average cost of $899 which is $6,301 cheaper than the average rent for all rentals in Portage Bay.

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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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

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

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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.