Its boundaries are not formally fixed, but they can be thought of as consisting of the Ship Canal to the south, Stone Way N. to the east, N. 50th Street to the north, and 8th Avenue N.W.

The neighborhood's main thoroughfares are Fremont and Aurora Avenues N. (north- and southbound) and N. 46th, 45th, 36th, and 34th Streets (east- and westbound).

[8][9] It remains home to a controversial statue of Vladimir Lenin salvaged from Slovakia by an art lover from Washington state who was teaching in the area at the time.

"[12] Other landmarks include the Fremont Rocket, a Fairchild C-119 tail boom modified to resemble a missile,[13] and the outdoor sculpture Waiting for the Interurban.

[16] An unofficial motto "De Libertas Quirkas" ("Freedom to be Peculiar" in mock Latin) appears in brochures and websites about the area.

The large Gas Works Park is just east of Fremont on the north shore of Lake Union.

A growing number of technology companies have offices in Fremont, including Adobe Systems, the Allen Institute for Brain Science, SDL PLC, Groundspeak, Impinj, Sporcle, and Tableau Software.

The neighborhood is home to a number of nonprofit organizations, including Literacy Source and Provail, a provider of social services to people with disabilities and an affiliate of the United Cerebral Palsy network.