Cheap Apartments for Rent in the Central Waterfront Neighborhood of Seattle, WA from $600 (237 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Central Waterfront area of Seattle.

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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property at 1900 1st Ave

1900 1st Ave

SeattleWA98101
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Varick
from $1,295Studio to 1 Bedroom Apartments Available Now

Varick

503 E Thomas StSeattle, WA 98102
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Central Waterfront, Seattle, WA Local Guide

Cheapest Available Central Waterfront Apartments for Rent

 

The cheapest available apartment rental in the Central Waterfront area of Seattle, WA is a Studio unit found at Alps Apartments priced from $675. Luna Mia Co-Living Studios has the second lowest priced unit, which is a Studio apartment currently listed from $695. Here are the most affordable Central Waterfront apartments for rent in Seattle, WA:

Apartment ListingModel NameBed/BathPriced From
Alps ApartmentsMicro StudioStudio,1BA$675
Luna Mia Co-Living StudiosSROStudio,1BA$695
422 11th Ave - Amazing Remodeled Studios!Studio MFTEStudio,1BA$745
Pride PlaceStudio 50%Studio,1BA$790
LarnedSStudio,1BA$790
Melrose30%SStudio,1BA$790
1722 Summit Where - Luxury Meets Location!!!StudioStudio,1BA$795
423 Terry Apartments in the Heart of First HillS StandardStudio,1BA$799
Station House1B1BR,1BA$847
Alcove First HillStudio LVTStudio,1BA$895

Best Value Apartments for Rent in Central Waterfront, WA

As of March 23, 2025 the best value apartment in the Central Waterfront area is the $2.26 price per square foot 2x1 Model at Roycroft Apartments in the in the Capitol Hill neighborhood starting from $2,150. The second greatest value Central Waterfront apartment is the 2BDRM Model at Kelo starting at $2,000 with a $2.35 price per square foot in the Capitol Hill neighborhood. Here is today’s list of the best values for Central Waterfront apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Roycroft Apartments2x12BR,1BA$2.26
Kelo2BDRM2BR,1BA$2.35
Dalmasso Apartments1BD/1BA1BR,1BA$1.73
Portico on Terrace Apartments1BR/1.0BA1BR,1BA$2.26
Sheridan ApartmentsStudioStudio ,1BA$1.81
Washington Terrace Senior Affordable ApartmentsA071BR,1BA$2.22
Uncle Bob's PlaceStudioStudio ,1BA$2.15
Naoma0BR/1.0BAStudio ,1BA$2.39
Stratford on 4th0BR/1.0BAStudio ,1BA$2.19
100 on 6thOne Bedroom B1BR,1BA$2.50

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Pet Friendly Lifestyle
Central Waterfront, Seattle, WA

Ranked #4

Among neighborhoods in Seattle, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Seattle, WA. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, multifamily communities for the kids, raising pets, transit options, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Central Waterfront Apartments

What is a cheap apartment in Central Waterfront?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Central Waterfront is under $895.

What is the price of a cheap apartment in Central Waterfront?

The cheapest apartment in Central Waterfront is Alps Apartments which is listed at $825, while the average apartment in Central Waterfront costs $5,985.

What types of apartments are the cheapest in Central Waterfront?

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 2,654 regular apartments in Central Waterfront 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 Central Waterfront?

Cheap apartments in Central Waterfront have an average cost of $351 which is $5,634 cheaper than the average rent for all rentals in Central Waterfront.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.