South Lake Union, Seattle, WA Rental Market Trends
Last updated: April 22, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in South Lake Union is $2,718, a 0.01% decrease compared to the previous year, when the average rent was $2,718.
Studio Apartments at $2,031 offer the most budget-friendly option with 550 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 679 square feet for $2,526, balancing privacy and affordability.
Two-beedroom units at $3,812 offer 1,073 square feet, perfect for roommates or small families.
Average rent in South Lake Union, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,718 | 737 sq. ft. |
| Studio | $2,031 | 550 sq. ft. |
| 1 Bed | $2,526 | 679 sq. ft. |
| 2 Beds | $3,812 | 1,073 sq. ft. |
| 3 Beds | n/a | n/a |
South Lake Union, Seattle, WA rent trends
Rental prices in South Lake Union, Seattle, WA have decreased by 0.01% over the past year. The average rent moved from $2,718 to $2,718.
What's the typical rent budget in South Lake Union, Seattle, WA?
The largest share of rentals in South Lake Union, Seattle, WA (33%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in South Lake Union, Seattle, WA?
4,482 or 79% of the households in South Lake Union, Seattle, WA are renter-occupied while 1,222 or 21% are owner-occupied.
Most affordable neighborhoods in South Lake Union?
Mount Baker $1,325/month
Loyal Heights $1,598/month
Wedgwood $1,608/month
All of these neighborhoods fall below the city wide average of $2,226/month.Most expensive neighborhoods in South Lake Union?
Ravenna $2,763/month
Belltown $2,834/month
Seattle Central Business District $3,078/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Seattle, WA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Seattle Central Business District | $3,078 |
| Belltown | $2,834 |
| Ravenna | $2,763 |
| South Lake Union | $2,718 |
| Pike Market | $2,715 |
| Central Waterfront | $2,641 |
| Pioneer Square | $2,580 |
| Westlake | $2,555 |
| Green Lake | $2,532 |
| East Queen Anne | $2,464 |
| Crown Hill | $2,425 |
| Wallingford | $2,362 |
| Fremont | $2,348 |
| South Delridge | $2,279 |
| Columbia City | $2,235 |
| Lower Queen Anne | $2,228 |
| North Admiral | $2,218 |
| First Hill | $2,188 |
| North City | $2,187 |
| Ballard | $2,183 |
| Atlantic | $2,183 |
| Madison Park | $2,174 |
| Genesee | $2,174 |
| Hillwood | $2,171 |
| North Queen Anne | $2,153 |
| West Woodland | $2,138 |
| Maple Leaf | $2,128 |
| West Queen Anne | $2,116 |
| Parkwood | $2,108 |
| Meridian Park | $2,093 |
| University District | $2,087 |
| Stevens | $2,085 |
| Broadway | $2,082 |
| Minor | $2,082 |
| Fairmount Park | $2,079 |
| Roxhill | $2,077 |
| Yesler Terrace | $2,073 |
| North Delridge | $2,061 |
| Echo Lake | $2,061 |
| Greenwood | $2,046 |
| Roosevelt | $2,037 |
| Eastlake | $2,034 |
| Haller Lake | $2,023 |
| Junction | $2,006 |
| North College Park | $1,966 |
| Interbay | $1,956 |
| Portage Bay | $1,947 |
| High Point | $1,934 |
| Whittier Heights | $1,917 |
| Pinehurst | $1,889 |
| North Beacon Hill | $1,873 |
| Mann | $1,835 |
| Central Des Moines | $1,786 |
| Brighton | $1,771 |
| Richmond Highlands | $1,770 |
| Broadview | $1,766 |
| Cedar Park | $1,753 |
| Olympic Hills | $1,745 |
| International District | $1,738 |
| Bitter Lake | $1,697 |
| Ballinger | $1,686 |
| Victory Heights | $1,665 |
| South Des Moines | $1,641 |
| Wedgwood | $1,608 |
| Loyal Heights | $1,598 |
| Mount Baker | $1,325 |
Seattle | Rent Comparison by Neighborhood
Rent in South Lake Union is 24% higher than in Atlantic
South Lake Union rent is the same as Seattle average
Atlantic rent is 20% lower than Seattle average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all South Lake Union apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.