Average Rent in South-Lake Union, Seattle, WA

Home » WA » Seattle » South-Lake Union

Current Versus Historical South-Lake Union, Seattle, WA Rents

South-Lake Union rentals average $2,196 for a studio rental to $3,752 for a 2-bedroom rental. The median price of all currently available listings is $2,484, or roughly $44 per square feet.

For the apartment units and housing in July 2026, median rents have fallen over the last year. Studio rentals prices have decreased by $228 (-9.55%) year-over-year from $2,391 to $2,163. 1-bedroom rentals prices have decreased by $262 (-9.66%) year-over-year from $2,712 to $2,450. 2-bedroom rentals prices have decreased by $390 (-9.87%) year-over-year from $3,953 to $3,563. 3-bedroom rentals prices have decreased by $4,162 (-49.62%) year-over-year from $8,387 to $4,225. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 4.14% this month. 1-bedroom rents have gone up by 4.74% this month. 2-bedroom rents have gone up by 1.00% this month. 3-bedroom rents have gone down by 0.00% this month.

Beds	Price / Sqft	Jul 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$50.87	$2,163	$2,391 (-9.55%)	$2,164 (-0.08%)
1 BR	$44.33	$2,450	$2,712 (-9.66%)	$2,355 (4.06%)
2 BR	$42.55	$3,563	$3,953 (-9.87%)	$3,307 (7.74%)

Historical Rents in South-Lake Union, Seattle, WA

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near South-Lake Union

There are a total of 1 cities nearby South-Lake Union. The average rent in South-Lake Union is currently $2,190 per month. Only one city nearby has an average rent lower than that. Our records show that Seattle, WA, with an average rent of $2,190, is the most affordable city nearby. In contrast, the most expensive city near South-Lake Union, Seattle, WA is Seattle, WA. Monthly rents here are on average $2,190 per month.

Let's compare South-Lake Union, Seattle, WA's rent against other top cities nearby by bedroom size. Typically, rent for studios in South-Lake Union, Seattle, WA is 30.17% more expensive than other cities nearby. One bedrooms are about 10.03% more expensive. Two bedrooms in South-Lake Union, Seattle, WA are about 18.72% more expensive. Want more information? Check out the top 1 cities near South-Lake Union, Seattle, WA in the following table.

City	Studio	1 Bed	2 Bed	All
Seattle, WA	$1,534	$2,194	$3,050	$2,190

Top Neighborhoods Near South-Lake Union

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near South-Lake Union

County	Studio	1 Bed	2 Bed	All

Top Zipcodes Near South-Lake Union

There are a total of 2 zipcodes in or near South-Lake Union, Seattle, WA. The average rent for all of these zipcodes is $2,262. A total of 2 zipcodes have an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 98122, Seattle, WA at $2,113 per month. In comparison, the zipcode with the most expensive average rent of $2,411 per month is 98109, Seattle, WA.

Studios in these zipcodes have an average rent of $1,833. That's at least $46 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near South-Lake Union, Seattle, WA is $2,282 per month. Or in other words, $42 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,271 per month. Which comes out to $42 per sqft. The following table includes the top 2 zipcodes in South-Lake Union, Seattle, WA. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
98109, Seattle, WA	$1,904	$2,388	$3,373	$2,411
98122, Seattle, WA	$1,761	$2,176	$3,168	$2,113

Frequently Asked Questions - South-Lake Union Average Rents

What is the average rent price in South-Lake Union, Seattle, WA?

The average monthly rental price for South-Lake Union, Seattle, WA apartments for rent is approximately $2,484. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do South-Lake Union, Seattle, WA rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in South-Lake Union, Seattle, WA.

How much is a studio apartment in South-Lake Union, Seattle, WA?

The average monthly rental price for studio apartments is $2,196 and an average price per square feet of $50.87. There are a total of 5 studio apartment listings currently available for rent in South-Lake Union.

How much is a one bedroom apartment in South-Lake Union, Seattle, WA?

The average monthly rental price for one bedroom apartments is $2,439 and an average price per square feet of $44.33. There are a total of 38 one bedroom apartment listings currently available for rent in South-Lake Union.

How much is a two bedroom apartment in South-Lake Union, Seattle, WA?

The average monthly rental price for two bedroom apartments is $3,752 and an average price per square feet of $42.55. There are a total of 11 two bedroom apartment listings currently available for rent in South-Lake Union.

How have rent prices in South-Lake Union, Seattle, WA changed this year?

Rent prices for rentals in South-Lake Union, Seattle, WA can fluctuate yearly. Specifically, studio rental prices have changed by -0.10%, one bedroom rental prices have changed by -0.10%, two bedroom rental prices have changed by -0.10%, three bedroom rental prices have changed by -0.50% year-over-year.

What is a reasonable rent price in South-Lake Union, Seattle, WA?

A reasonable rent price in South-Lake Union, Seattle, WA is around $1,987/month. You can search for these reasonably priced rental listings on RentHop.