Cheap Apartments for Rent in the SoDo Neighborhood of Seattle, WA from $500 (116 Rentals)

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

Search the lowest-cost Apartments available for rent right now in the SoDo 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.

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.

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.

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.

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.

SoDo, Seattle, WA Local Guide

Cheapest Available SoDo Apartments for Rent

 

The cheapest available apartment rental in the SoDo area of Seattle, WA is a Studio unit found at Alps Apartments priced from $675. Alcove First Hill has the second lowest priced unit, which is a Studio apartment currently listed from $795. Here are the most affordable SoDo apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps ApartmentsMicro StudioStudio,1BA$675
Alcove First HillStudio LVT - MFTEStudio,1BA$795
Mt Baker The Maddux ApartmentsStudio FStudio,1BA$799
Avalon Micro StudiosMicro StudioStudio,1BA$850
Sorento FlatsStudioStudio,1BA$899
Louisa HotelMFTE StudioStudio,1BA$900
423 Terry Apartments in the Heart of First HillS StandardStudio,1BA$945
Hanford StudiosStudioStudio,1BA$999
Addison on Fourth ResidentialStudio AStudio,1BA$1,000
Bode Luna ParkMicroStudio,1BA$1,095

Best Value Apartments for Rent in SoDo, WA

As of August 03, 2025 the best value apartment in the SoDo area is the $1.49 price per square foot House Model at The Edge in the in the Riverview neighborhood starting from $2,675. The second greatest value SoDo apartment is the 3208 Rainier Ave S Model at 3208 Rainier Ave S, Unit 303 starting at $1,995 with a $1.77 price per square foot in the Mercer Heights neighborhood. Here is today’s list of the best values for SoDo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The EdgeHouse3BR,2BA$1.49
3208 Rainier Ave S, Unit 3033208 Rainier Ave S2BR,1BA$1.77
Clairemont Apartments1x11BR,1BA$1.76
Beacon Pacific Village ApartmentsC11BR,1BA$2.21
Harbor Square1BR/1.0BA1BR,1BA$2.49
VerseStudio AStudio ,1BA$2.53
600 NinthHT1A1BR,1BA$2.23
Fairmont Cherry Hill1BR/1.0BA1BR,1BA$2.55
Washington Terrace Senior Affordable ApartmentsA071BR,1BA$2.22
Uncle Bob's PlaceStudioStudio ,1BA$2.15

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

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, cities, and rental properties across Washington, including 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 filtering automatically for the best outdoor access, luxury housing options, pet-friendly features, apartment communities for the kids, proximity to transit, and much more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the SoDo Neighborhood in Seattle, WA

Walk Score®

58 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

74 / 100

Excellent Transit

Transit is convenient for most trips

Frequently Asked Questions about Cheap SoDo Apartments

What is a cheap apartment in SoDo?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in SoDo is under $1,095.

What is the price of a cheap apartment in SoDo?

The cheapest apartment in SoDo is Alps Apartments which is listed at $825, while the average apartment in SoDo costs $4,500.

What types of apartments are the cheapest in SoDo?

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 SoDo 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 SoDo?

Cheap apartments in SoDo have an average cost of $688 which is $3,812 cheaper than the average rent for all rentals in SoDo.

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 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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.