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Apartments for Rent in Seattle, WA under $500

57 Rentals Available
  • 94
    Rent Specials
    Alternate Kitchen at Addison on Fourth Apartments, Washington, 98104 A bedroom with a large bed and a flat screen TV mounted on the wall. at Addison on Fourth Apartments, Washington, 98104
    Today

    308 Fourth Ave. S, Seattle, WA 98104
    Income Restricted
    STUDIO $328+
    Alternate Kitchen at Addison on Fourth Apartments, Washington, 98104 A bedroom with a large bed and a flat screen TV mounted on the wall. at Addison on Fourth Apartments, Washington, 98104 A room with a fireplace and a pool table at Addison on Fourth Apartments, Seattle, WA A Precor exercise bike is on a black mat in a gym at Addison on Fourth Apartments, Seattle, WA, 98104
    Overview

    At Addison on Fourth Apartments, affordability doesn’t mean compromise — it means comfort, convenience, and a fantastic location in the International District within your means. Set in a historic building, our apartments in Downtown Seattle prove that city living and budget-friendly housing can go hand in hand. Expect renovated interiors, conveniences like dishwashers, and amenities such as a media room and a fitness center. All of this in a controlled access community with flexible payments and the right price tag! Downtown living doesn’t have to be out of reach – and our address makes it possible. You’ll be surrounded by public transit options, including trams, light rail, and the King Street Station, for effortless commutes. A walk to Pioneer Square, a short stroll to Seattle University, and career opportunities at Harborview Medical Center could all be on your agenda. Not to mention that you’ll be in the heart of a diverse neighborhood, known for its vibrant markets, cultural festivals, and strong community roots. If you’re looking for affordable apartments in Downtown Seattle, you’ve come to the right place. Schedule a tour today!Affordable Apartment Community. Income and student restrictions apply at this community. To determine eligibility, please contact the Leasing Office for current income limits.

    Amenities
    • Washer/Dryer
    • Dishwasher
    • Hardwood Floors
    • High Speed Internet
  • A street view of a residential area with houses and a street sign.
    23
    Today

    9839 8TH AVENUE SW 106, SEATTLE, WA 98106
    1 BED Ask for Pricing
    2 BEDS $400+
  • A parking lot with cars parked in designated spots.
    Today

    214 5Th Ave S., Seattle, WA 98104
    STUDIO $300
  • a playground in front of a large building
    Today

    721 S. Lane St., Seattle, WA 98104
    Income Restricted
    3 BEDS $25
  • an open kitchen and living room with a couch and a table
    Today

    132 NE 145Th Street, Shoreline, WA 98155
    Income Restricted
    1 BED $280
  • A modern living room with a grey sofa and a coffee table.
    94
    Today

    308 Fourth Ave. S, Seattle, WA 98104
    Income Restricted
    STUDIO $328+
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  • a tall building with a traffic light in front of it
    9
    Today

    919 STEWART STREET, SEATTLE, WA 98101
    Income Restricted
    STUDIO Ask for Pricing
  • an image of a street with cars and a building
    Today

    9413 27TH AVE SW, J, SEATTLE, WA 98126
    Income Restricted
    3 BEDS Ask for Pricing
7-0-city
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Getting around in Seattle, WA

58 /100
Somewhat Walkable
78 /100
Excellent Transit
87 /100
Very Bikeable
Walk Score®: 58, Transit Score®: 78, Bike Score®: 87

Frequently asked questions

When were prices and availability in Seattle, WA last updated?

Prices and availability in Seattle, WA were last updated on 21 Nov 2025.

What are the best apartments in Seattle, WA?

The best apartments in Seattle, WA are: Icon Apartments, Addison on Fourth, Skye at Belltown, Bowman and Borealis.

What type of rental buildings are in Seattle, WA?

In Seattle 56% of the housing is rented out compared to 44% of homes are owned, according to the most recent Census Bureau estimates. 39% of Seattle’s apartments are found in large buildings of 50 units or more, 49% are located in smaller apartment complexes with less than 50 units, and 12% are single-family rentals.

Renting apartments in Seattle, WA under $500

Searching for apartments for rent in Seattle, WA under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Seattle, WA, where the average rent is $491 per month, there are 57 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Seattle, WA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Seattle, WA going for $280 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!