Residential development is at an all time high in Seattle. With a prospective high supply of housing and a cooler market, prices are also relatively lower. In addition to new apartments being brought to the market, according to a report in the Seattle Times, 1 in 10 apartments in Seattle are vacant. The increased volume of soon-to-be completed developments and vacancies is a possible indicator that low rental prices will trend throughout 2019. To increase demand, landlords are offering incentives in attempts to rent out spaces. Listed below are apartments renting for under $1,800 a month, many of which also have move-in specials.
Axle is a brand new 7-story development featuring 226 affordable units. In addition to its prime location, the roof terrace has views of downtown Seattle and Salmon Bay. Amenities include a fitness center, gaming area, clubhouse, fireplaces, co-working spaces, a dog wash area and a pet park. Apartment interiors are equipped with quartz countertops, stainless steel kitchen appliances, hardwood-style plank flooring and in-unit washers and dryers. Select units will offer smart-home features. Sized between 578 to 611 square feet, you can rent a one bedroom apartment that rents between $1,750 to $1,790 a month.
Source: Axle, LMC
Located in west Seattle, getting to downtown is only a short bus or ferry ride away. These apartments are located by Lincoln Park and Alki Beach with views of the Olympic Mountains and Puget Sound. Studios start at $1,515 a month and one bedrooms start at $1,720 a month, each offering quartz countertops, stainless steel appliances, large closet spaces and in-unit washers and dryers. Live-work units are also available with office and residential space, ensuring a desirable work-life balance.
Source: Upton Flats, Shelter Holdings
Each apartment at Valdok has a modern design and warm touch. They come with nine foot ceilings, quartz countertops, oversized kitchen sinks and stainless steel kitchen appliances. This development also has a fitness center, gaming area, rooftop area, dog grooming facility and co-working office space. For $1,690 a month, you can get a 485 square foot studio.
Source: Valdok, LMC
With large, oversized windows added to every unit, Vive Apartments are vibrant and full of light. Vive is filled with entertainment rooms which include pool tables, shuffleboard and ping pong tables. There is also a resident lounge, rooftop patio, grilling areas and firepits. For under $1,700 a month, you can rent out a studio or one bedroom apartment. Studios are sized from 346 square feet and one bedrooms from 537 square feet.
Source: Vive, Goodman Real Estate
Just south of Seattle, The Maverick offers large floor plans and luxury home features with public transit just a short walk away. You’ll get access to a movie theatre, yoga studio and fitness studio, emphasizing a healthy, relaxed and balanced lifestyle. North SeaTac Park is close by with miles of running and biking trails. For under $1,700 a month you can choose from multiple one bedroom floor plans sized from 598 square feet.
Source: The Maverick, Legacy Partners, Inc.
There are 289 apartment developments in the pre-construction and construction phase combined in Seattle. You can view and keep up with the status of these developments on BuzzBuzzHome.