South Lake Union, Seattle, WA Rental Market Trends
Last updated: February 17, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in South Lake Union is $2,747, a 2.14% increase compared to the previous year, when the average rent was $2,690.
Studio Apartments at $2,073 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 $2,550, balancing privacy and affordability.
Two-beedroom units at $3,877 offer 1,074 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,459 sq ft) for $6,240, suitable for larger households.
Average rent in South Lake Union, Seattle, WA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,747 | 737 sq. ft. |
| Studio | $2,073 | 550 sq. ft. |
| 1 Bed | $2,550 | 679 sq. ft. |
| 2 Beds | $3,877 | 1,074 sq. ft. |
| 3 Beds | $6,240 | 1,459 sq. ft. |
South Lake Union, Seattle, WA rent trends
Rental prices in South Lake Union, Seattle, WA have increased by 2.14% over the past year. The average rent moved from $2,690 to $2,747.
What's the typical rent budget in South Lake Union, Seattle, WA?
The largest share of rentals in South Lake Union, Seattle, WA (32%) 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?
Wedgwood $1,637/month
South Des Moines $1,668/month
Bitter Lake $1,673/month
All of these neighborhoods fall below the city wide average of $2,242/month.Most expensive neighborhoods in South Lake Union?
Ravenna $2,814/month
Belltown $2,836/month
Seattle Central Business District $3,090/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 | $3,090 |
| Belltown | $2,836 |
| Ravenna | $2,814 |
| South Lake Union | $2,747 |
| Central Waterfront | $2,698 |
| Pike Market | $2,651 |
| Pioneer Square | $2,588 |
| Westlake | $2,587 |
| Green Lake | $2,563 |
| Fremont | $2,403 |
| East Queen Anne | $2,398 |
| Wallingford | $2,388 |
| Crown Hill | $2,345 |
| Eastlake | $2,288 |
| South Delridge | $2,265 |
| Ballard | $2,248 |
| Genesee | $2,232 |
| West Woodland | $2,225 |
| Lower Queen Anne | $2,221 |
| Atlantic | $2,199 |
| West Queen Anne | $2,183 |
| North City | $2,175 |
| First Hill | $2,170 |
| Columbia City | $2,163 |
| North Admiral | $2,163 |
| North Queen Anne | $2,163 |
| Hillwood | $2,156 |
| Lawton Park | $2,151 |
| Stevens | $2,144 |
| Madison Park | $2,143 |
| Meridian Park | $2,130 |
| Maple Leaf | $2,123 |
| Greenwood | $2,120 |
| Broadway | $2,107 |
| University District | $2,107 |
| Fairmount Park | $2,102 |
| Minor | $2,099 |
| Yesler Terrace | $2,095 |
| Roosevelt | $2,074 |
| North Delridge | $2,056 |
| North College Park | $2,048 |
| Parkwood | $2,016 |
| Junction | $2,015 |
| Interbay | $2,002 |
| Haller Lake | $1,982 |
| Whittier Heights | $1,980 |
| Echo Lake | $1,963 |
| Portage Bay | $1,957 |
| Roxhill | $1,956 |
| Pinehurst | $1,948 |
| North Beacon Hill | $1,921 |
| High Point | $1,911 |
| Victory Heights | $1,838 |
| Richmond Highlands | $1,811 |
| Olympic Hills | $1,800 |
| Mann | $1,796 |
| Cedar Park | $1,795 |
| Brighton | $1,784 |
| Broadview | $1,776 |
| Central Des Moines | $1,773 |
| Ballinger | $1,706 |
| Loyal Heights | $1,704 |
| International District | $1,700 |
| Bitter Lake | $1,673 |
| South Des Moines | $1,668 |
| Wedgwood | $1,637 |
Seattle | Rent Comparison by Neighborhood
Rent in South Lake Union is 25% 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.