Cheap Homes for Rent in South Lake Union Neighborhood of Seattle, WA from $1,700 (6 Rentals)

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

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 $895. 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 LivingUrban Studio DStudio,1BA$895
AlturraStudioStudio,1BA$950

Best Value Apartments for Rent in South Lake Union, WA

As of March 25, 2025 the best value apartment in the South Lake Union area is the $2.75 price per square foot 1x1.5 Den Model at Equinox Apartments in the in the Capitol Hill neighborhood starting from $3,072. The second greatest value South Lake Union apartment is the Two Bedroom Two Bathroom Model at Illumina Apartment Homes starting at $2,287 with a $2.46 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.
Equinox Apartments1x1.5 Den1BR,1.5BA$2.75
Illumina Apartment HomesTwo Bedroom Two Bathroom2BR,2BA$2.46
Kelo2BDRM2BR,1BA$2.23
Chardonnay1BR/1.0BA1BR,1BA$2.60
The Local 422 Apartments422 - MFTE 2 bed, 1 bath, 718 SF2BR,1BA$2.64
LUT Lake Union Terrace1BR/1.0BA1BR,1BA$2.60
UDH - University District Heights1BR/1.0BA1BR,1BA$2.54
Red Lion1bd/1ba 21BR,1BA$2.63
Valley Street Apartments1BR/1.0BA1BR,1BA$2.76
Amherst Micro StudiosMicro StudioStudio ,1BA$2.27

Frequently Asked Questions about South Lake Union

What type of rentals are currently available in South Lake Union?

There are currently 463 Apartments for Rent in South Lake Union, WA with pricing that ranges from $795 to $31,995. There are also 17 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Lake Union ranging from $1,795 to $4,725.

What is the current price range for Rental Homes in South Lake Union?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Lake Union ranges from $1,795 to $4,725 with an average monthly rent of $3,465.

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.

decorative image for The 10 Best Affordable Neighborhoods in Seattle, WA article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.