Cheap Apartments for Rent in the Portage Bay Neighborhood of Seattle, WA from $600 (453 Rentals)

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

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.

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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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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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

Apartment ListingModel NameBed/BathPriced From
Husky Court ApartmentsHC NEW 795 price startStudio,1BA$795
Amherst Micro StudiosMicro StudioStudio,1BA$795
Madison 2.0 ApartmentsMFTE- Income Specific UnitsStudio,1BA$795
2371 FranklinStudioStudio,1BA$799
422 11th Ave - Amazing Studios!Studio MFTEStudio,1BA$799
Apex6x2 R6BR,2BA$799
Lincoln CourtSStudio,1BA$825
4538 18th Ave NEPod Second Floor6BR,1BA$875
Sunrise Cascade2nd Floor StudioStudio,1BA$945

Best Value Apartments for Rent in Portage Bay, WA

As of June 30, 2026 the best value apartment in the Portage Bay area is the $0.63 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 4 Bedroom 2.25 Bath Model at Goss Apartments starting at $1,725 with a $1.60 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$0.63
Goss Apartments4 Bedroom 2.25 Bath4BR,2.25BA$1.60
Nolan4 x 2 Terrace4BR,2BA$1.40
Lakeview Apartments2 Bedroom2BR,1BA$2.19
The Queensborough Apartments1BR/1.0BA1BR,1BA$2.05
Pacific Sunrise3x1.5 RF3BR,1.5BA$1.54
Nordheim Court UW Student Apartments2-Bedroom Renovated2BR,1BA$2.14
Lakeview Apartments1BD/1BA1BR,1BA$2.14
Denny Park ApartmentsStudioStudio ,1BA$1.85
2315 E Ward St, Unit C2315 E Ward St1BR,1BA$0.10

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Seattle Apartment Guide: Find Your Rental Near Tech Hubs like Amazon, Google, and Adobe

Cut down on your commute! Discover Seattle's top neighborhoods to rent near major employers like Amazon, Meta, and Fred Hutchinson. Find your ideal work-life balance in the Emerald City.

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Picking the Perfect Seattle Neighborhood for College Life

Learn About the Best Neighborhoods to Rent Near College Campuses in Seattle, WA | Find Seattle Off-Campus Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Pet Friendly Lifestyle
Portage Bay, Seattle, WA

Ranked #5

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!

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 $945.

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

The cheapest apartment in Portage Bay is Camelot Apartments which is listed at $1,395, while the average apartment in Portage Bay costs $4,870.

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 117 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 $798 which is $4,072 cheaper than the average rent for all rentals in Portage Bay.

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

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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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