Cheap Apartments for Rent in the South Lake Union Neighborhood of Seattle, WA from $600 (149 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Lake Union 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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property at 712 E Denny Way

$1,450

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Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

1 Bedroom, 1 Bath Condo for Rent

Available Jul 1

712 E Denny Way, Unit 403

712 E Denny Way
SeattleWA98122
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The Waverly
$1,554 - $8,140
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$1,554 - $8,140
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Studio to 3 Bedroom Apartments Available Now

The Waverly

210 8th Ave NSeattle, WA 98109
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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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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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Dexter Lake Union
Rent Specials
$1,848 - $3,693
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$1,848 - $3,693
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Studio to 2 Bedroom Apartments Available Now

Dexter Lake Union

1211-1215 Dexter Ave NSeattle, WA 98109
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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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Shoresmith
Rent Specials
$1,929 - $2,869
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$1,929 - $2,869
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Studio to 1 Bedroom Apartments Available Now

Shoresmith

1170 Republican StSeattle, WA 98109
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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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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. Kulle Urban Living has the second lowest priced unit, which is a Studio apartment currently listed from $995. 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
Kulle Urban Living0BR/1.0BAStudio,1BA$995
Denny Park ApartmentsStudioStudio,1BA$1,100
Olive Terrace Apartments1BR/1.0BA1BR,1BA$1,150
Alloy0BR/1.0BAStudio,1BA$1,191
Edwards on FifthStudio_6Studio,1BA$1,195
Derby SLUSouthStudio,1BA$1,230
Heights Court0BR/1.0BAStudio,1BA$1,295
515 East Denny Apartments0BR/1.0BAStudio,1BA$1,295
Illumina Apartment HomesStudioStudio,1BA$1,345

Best Value Apartments for Rent in South Lake Union, WA

As of June 09, 2026 the best value apartment in the South Lake Union area is the $2.40 price per square foot 2BR/2.0BA Model at Mercerview Apartments in the in the Broadway neighborhood starting from $3,095. The second greatest value South Lake Union apartment is the 2 Beds, 2 baths Model at Bella Vista Apartments starting at $3,050 with a $2.54 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.
Mercerview Apartments2BR/2.0BA2BR,2BA$2.40
Bella Vista Apartments2 Beds, 2 baths2BR,2BA$2.54
6th Ave Apartments2BD/2BA2BR,2BA$2.58
Ramayana Apartments2BR/2.0BA2BR,2BA$2.47
Lakeview Apartments2 Bedroom2BR,1BA$2.19
Casa Pacifica2 Bedroom A - 50% AMI2BR,1BA$1.94
La Rochelle1X1 A1BR,1BA$2.62
St.Ingbert Apartments1 Bedroom1BR,1BA$2.55
Anchor FlatsOne Bedroom - 60% AMI1BR,1BA$2.44
Denny Park ApartmentsStudioStudio ,1BA$1.85

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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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 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 $1,150 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 $1,603 at Casa Pacifica.

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 Onni South Lake Union and starts from $5,063.

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

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

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The Emerald Citys Secrets: A 30-Year Locals Guide to Renting in Seattle

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I'm Sharon, your ApartmentHomeLiving.com Local Expert for Seattle, Washington. I've lived here for 30+ years and have watched the city grow while holding onto what makes it unique.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

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I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.