Cheap Apartments for Rent in the South Lake Union Neighborhood of Seattle, WA from $600 (79 Rentals)

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

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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

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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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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The Avante Apartments
Studio to 1 Bedroom Apartments

The Avante Apartments

525 Bellevue Ave ESeattle, WA 98102
  • Utilities Included
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Top of the 5th
Studio to 2 Bedroom Apartments

Top of the 5th

1401 5th Ave NSeattle, WA 98109

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Capitol Core
Studio Apartments

Capitol Core

215 Boylston Ave ESeattle, WA 98102
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The Quinault
Studio to 1 Bedroom Apartments

The Quinault

524 Boylston Ave ESeattle, WA 98102
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Summit Terrace
Studio Apartments

Summit Terrace

406 Summit Ave ESeattle, WA 98102
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Oleta
Studio to 1 Bedroom Apartments

Oleta

1816 Bellevue AveSeattle, WA 98122
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Mercer Vista
1 to 2 Bedroom Apartments

Mercer Vista

401 E Mercer StSeattle, WA 98102
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Lancaster
Studio Apartments

Lancaster

704 E Thomas StSeattle, WA 98102
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The Biltmore Apartments
Studio to 1 Bedroom Apartments

The Biltmore Apartments

418 E Loretta PlSeattle, WA 98102
  • Utilities Included

Seattle's Best Affordable Neighborhoods

Learn about Seattle, WA and the best places to live with original content written by our Local Expert Sharon Stallings

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Edwards on Fifth
Studio Apartments

Edwards on Fifth

2613-2619 5th AveSeattle, WA 98121
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Summit Crest
Studio to 1 Bedroom Apartments

Summit Crest

315 Summit Ave ESeattle, WA 98102
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Dumar Apartments
1 Bedroom Apartments

Dumar Apartments

520 Bellevue Ave ESeattle, WA 98102
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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 $795. El Mondo Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable South Lake Union apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Amherst Micro StudiosMicro StudioStudio,1BA$795
El Mondo Apartments0BR/1.0BAStudio,1BA$950
Kulle Urban LivingUrban Studio FStudio,1BA$1,050
Vermont InnFurnished- Six Month LeaseStudio,1BA$1,195
Summit TerraceSTUDIOStudio,1BA$1,295
Oleta0/1Studio,1BA$1,317
Derby Capitol HillType FStudio,1BA$1,340
LancasterStudioStudio,1BA$1,350
Carolina Court Apartment HomesStudioStudio,1BA$1,375
Edwards on FifthStudio_2Studio,1BA$1,375

Best Value Apartments for Rent in South Lake Union, WA

As of June 17, 2025 the best value apartment in the South Lake Union area is the $2.84 price per square foot 1BR/1.0BA Model at Sir Lancelot Apartments in the in the Capitol Hill neighborhood starting from $2,345. The second greatest value South Lake Union apartment is the 2 Bedroom Model at Lakeview Apartments starting at $1,850 with a $2.31 price per square foot in the Capitol Hill 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.
Sir Lancelot Apartments1BR/1.0BA1BR,1BA$2.84
Lakeview Apartments2 Bedroom2BR,1BA$2.31
700 E Mercer2BR/1.0BA2BR,1BA$2.93
RAM Ramayana Apartments1BR/1.0BA1BR,1BA$2.58
BK Bernkastle Apartments1 Bedroom x 1 Bathroom1BR,1BA$2.76
Sheffield1BD/1BA1BR,1BA$2.44
Red Lion1bd/1ba 21BR,1BA$2.63
LancasterStudioStudio ,1BA$2.60
Valley Street Apartments1BR/1.0BA1BR,1BA$2.92
Amherst Micro StudiosMicro StudioStudio ,1BA$2.27

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 $795.

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 $1,400 at Valley Street 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 $1,850 at Lakeview Apartments.

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 JUXT and starts from $5,589.

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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.