Cheap Apartments for Rent in the South Lake Union Neighborhood of Seattle, WA from $500 (111 Rentals)

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

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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property at 101 Taylor Ave N

$1,460 - $3,350

Studio To 1 Bedroom Rentals

Available Feb 1

101 Taylor Ave N

SeattleWA98109

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 Emerald City's Secrets: A 30-Year Local's Guide to Renting in Seattle

Dive into Seattle's fascinating history—from its 'swampy mess' origins to the birthplace of grunge. Explore areas to rent like Pike Place Market, Pioneer Square, and the new Overlook Walk.

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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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Lakeview Apartments
Studio to 2 Bedroom Apartments

Lakeview Apartments

1170 Harrison StSeattle, WA 98109
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Alturra
Studio Apartments

Alturra

306 Summit Ave ESeattle, WA 98102
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Alloy
Studio Apartments

Alloy

802 5th AveSeattle, WA 98109

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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South Lake Union, Seattle, WA Local Guide

Cheapest Available South Lake Union Apartments for Rent

 

The cheapest available apartment rental in the South Lake Union area of Seattle, WA is a Studio unit found at Kulle Urban Living priced from $885. Alloy has the second lowest priced unit, which is a Studio apartment currently listed from $970. Here are the most affordable South Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Kulle Urban LivingUrban Studio BStudio,1BA$885
Alloy0BR/1.0BAStudio,1BA$970
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,050
515 East Denny Apartments0BR/1.0BAStudio,1BA$1,195
741 Harvard Modern studios with w/d in unit!0BR/1.0BAStudio,1BA$1,233
Derby SLUSouthStudio,1BA$1,240
Edwards on FifthStudio_1Studio,1BA$1,280
The Davenport0-StudioStudio,1BA$1,325
Derby Capitol HillType CStudio,1BA$1,340

Best Value Apartments for Rent in South Lake Union, WA

As of January 24, 2026 the best value apartment in the South Lake Union area is the $2.54 price per square foot 2 Beds, 2 baths Model at Bella Vista Apartments in the in the Capitol Hill neighborhood starting from $3,050. The second greatest value South Lake Union apartment is the 2BD/2BA Model at 6th Ave Apartments starting at $2,450 with a $2.37 price per square foot in the Queen Anne neighborhood. Here is today’s list of the best values for South Lake Union apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bella Vista Apartments2 Beds, 2 baths2BR,2BA$2.54
6th Ave Apartments2BD/2BA2BR,2BA$2.37
Illumina Apartment HomesTwo Bedroom One Bathroom2BR,1BA$2.36
Amherst1 Bed, 1 bath1BR,1BA$1.59
Mercerview Apartments1BR/1.0BA1BR,1BA$2.25
Lakeview Apartments2 Bedroom2BR,1BA$2.31
La Rochelle1X1 A1BR,1BA$2.27
Lakecrest1BR/1.0BA1BR,1BA$2.51
414 E Mercer St, Unit 1414 E Mercer StStudio ,1BA$2.25
Alloy0BR/1.0BAStudio ,1BA$2.04

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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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.

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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.

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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including South Lake Union, Seattle, and the greater Seattle area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Lake Union Apartments

What is the Cheapest Studio apartment in South Lake Union?

Currently the most affordable Cheap Studio Apartment in South Lake Union is at Kulle Urban Living listed at $885.

How much is rent for a Cheap One Bedroom South Lake Union Apartment?

The lowest price for a Cheap One Bedroom South Lake Union Apartment is $1,395 at Dolores Manor Apartments.

What is the lowest price for a Cheap Two Bedroom South Lake Union Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Lake Union is starting from $1,767 at Oleta.

What is the most affordable South Lake Union Three Bedroom Apartment?

The best deal on a cheap South Lake Union Three Bedroom Apartment rental is at Carlyle Apartments and starts from $2,850.

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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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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Picking the Perfect Seattle Neighborhood for College Life

Written by: Sharon Stallings

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

Written by: Sharon Stallings

I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. We're blessed to live in Seattle, affectionately known as the Emerald City.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

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.