5 Seattle Zip Codes Where Luxury Apartments Cost Less

Home to the iconic Space Needle, Seattle is famous for its stunning waterfront views, bustling neighborhoods, and booming tech scene. But with all these perks comes a hefty price tag for rental apartments, especially when it comes to luxury properties. However, not all high-end rentals come with sky-high costs. Some Seattle zip codes offer upscale apartments at significantly lower rents than the city average, making it possible for renters to enjoy premium living at a fraction of the cost.

If you’re looking for the best deals on luxury apartments in Seattle, these five zip codes offer the best opportunities to secure a premium rental at a more affordable rate:

• Zip code 98116
• Zip code 98126
• Zip code 98107
• Zip code 98102
• Zip code 98115

Let’s explore each one and see how much you can save while still enjoying top-tier amenities and prime locations.

98116: Luxury apartments with stunning waterfront views at a steep discount

• Average rent: $1,823
• Savings: $875

If you dream of waking up to breathtaking views of Puget Sound, 98116 is the most affordable zip code to consider for an upscale apartment. Located in West Seattle, this area includes the highly sought-after Alki Beach neighborhood, where renters can enjoy waterfront living, beachside restaurants, and picturesque walking trails.

Luxury apartments in 98116 come with resort-style amenities such as rooftop decks, state-of-the-art fitness centers, and high-end finishes like quartz countertops and floor-to-ceiling windows. Furthermore, despite the premium features, renters here save an average of $875 per month compared to the city’s high-end rental average — a considerable discount for such an enviable location.

98126: Upscale apartments with a neighborhood feel

• Average rent: $1,884
• Savings: $814

Another West Seattle gem, zip code 98126 offers premium rentals at an average of $1,884 per month — $814 less than the city’s luxury average. This area includes the peaceful neighborhoods of Fauntleroy and High Point, which provide a mix of modern apartment complexes and newly developed high-end townhomes.

Living in 98126 means access to lush green spaces like Lincoln Park, as well as excellent transit options for commuting downtown. Plus, many luxury apartment communities here feature expansive courtyards, coworking lounges, and pet-friendly amenities. This makes this area a suitable choice for professionals and families looking for upscale apartments at lower rents.

98107: Luxury living in trendy Ballard for less

• Average rent: $2,224
• Savings: $475

For those who love a mix of historic charm and modern amenities, 98107 — home to the Ballard neighborhood — is a well-known area where 75% of apartments are high-end. Ballard is known for its trendy vibe, with craft breweries, artisanal coffee shops, and the iconic Ballard Locks all within walking distance.

Renting a luxury apartment in Ballard gives you access to sleek, modern interiors, rooftop terraces with fire pits, and high-tech fitness centers. What’s more, with an average rent of $2,224, renters save nearly $500 a month compared to the Seattle average for premium rentals — making it a smart choice for upscale living without breaking the bank. What also helps is that the median income in Seattle is significantly higher than the national benchmark.

98102: High-end living in the heart of Capitol Hill

• Average rent: $2,275
• Savings: $424

Capitol Hill is one of Seattle’s most dynamic and lively neighborhoods, offering a blend of arts, culture, and nightlife. Zip code 98102 covers part of this energetic district, where renters can find high-end apartments with sophisticated finishes, rooftop gardens, and cutting-edge smart-home technology.

Despite its prime location and access to some of the best dining and entertainment in the city, the average rent for a luxury apartment in 98102 is $2,275 — $424 less than the citywide average for upscale apartments. If you’re looking for a buzzing lifestyle with a slightly lower price tag on premium rentals, this is the spot to be.

98115: Luxury apartments in a laid-back residential area

• Average rent: $2,368
• Savings: $330

Rounding out our list is zip code 98115, covering the Green Lake and Roosevelt neighborhoods, an area perfect for renters who want to balance urban living with outdoor recreation. Green Lake Park is a local favorite for jogging, kayaking, and picnicking, while Roosevelt offers a growing selection of trendy restaurants and boutique shops.

High-end rentals in 98115 come with spacious floor plans, chef-inspired kitchens, and community perks like outdoor fire pits and dog-washing stations. In addition, with an average rent of $2,368, renters save $330 per month on premium apartments compared to the city’s luxury rental average — offering a lower-cost option for those seeking a more relaxed pace of life.

Seattle offers a wide range of upscale apartments, but not all of them come with hefty price tags. By choosing one of these five zip codes, you can enjoy luxury living at a more affordable rate while still taking advantage of high-quality amenities and excellent locations.

If you’re looking to rent a luxury apartment in Seattle without overpaying, these neighborhoods are the best places to start your search. Explore your options and find the perfect premium rental that fits your lifestyle and budget!