Cheap Apartments for Rent in the South Lake Union Neighborhood of Seattle, WA from $600 (121 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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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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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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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

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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 Amherst Micro Studios priced from $825. Vermont Inn has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable South Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Amherst Micro StudiosMicro StudioStudio,1BA$825
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,050
Kulle Urban LivingUrban Studio AStudio,1BA$1,070
Olive Terrace Apartments1BR/1.0BA1BR,1BA$1,150
Alloy0BR/1.0BAStudio,1BA$1,198
Bell View ApartmentsStudio / 1 BathStudio,1BA$1,223
Edwards on FifthStudio_6Studio,1BA$1,275
515 East Denny Apartments0BR/1.0BAStudio,1BA$1,295
Derby SLUSoutheastStudio,1BA$1,300
Derby Capitol HillType CStudio,1BA$1,315

Best Value Apartments for Rent in South Lake Union, WA

As of November 06, 2025 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 $2,600 with a $2.52 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$2.52
711 Summit Ave E, Unit C711 Summit Ave E2BR,1BA$2.21
Kelo2BR/1.0BA2BR,1BA$2.29
Lakeview Apartments2 Bedroom2BR,1BA$2.31
Mercerview Apartments1BR/1.0BA1BR,1BA$2.38
Harrison Apartments1BR/1.0BA1BR,1BA$2.53
Red Lion1 Bed1BR,1BA$2.30
700 E Mercer1BR/1.0BA1BR,1BA$2.44
Bell View ApartmentsStudio / 1 BathStudio ,1BA$2.47

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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.

Getting Around the South Lake Union Neighborhood in Seattle, WA

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

81 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

85 / 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 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 Amherst Micro Studios listed at $825.

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 $1,150 at Olive Terrace 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 Galleon and starts from $2,895.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

Written by: Trey Huguley

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.