Cheap Apartments for Rent in the University Place Neighborhood of Tacoma, WA from $800 (33 Rentals)

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Search the lowest-cost Apartments available for rent right now in the University Place area of Tacoma.

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Colonial Park
1 to 3 Bedroom Apartments

Colonial Park

7722 40th St WTacoma, WA 98466

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Fairway View
1 to 2 Bedroom Apartments

Fairway View

6611 Lakewood Dr WUniversity Place, WA 98467
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Valencia Apartments
Studio to 3 Bedroom Apartments

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466
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Fir Park Apartments
1 to 2 Bedroom Apartments

Fir Park Apartments

7502-7518 41st St Ct WUniversity Place, WA 98466

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Alpine Vistas
1 to 3 Bedroom Apartments

Alpine Vistas

2422 70th Ave WUniversity Place, WA 98466
Showing Results 1-33, Page 1 of 1

University Place, Tacoma, WA Local Guide

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in the University Place area of Tacoma, WA is a 1 Bed unit found at Greenfield Apartments priced from $1,300. Boulder Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,325. Here are the most affordable University Place apartments for rent in Tacoma, WA:

Apartment ListingModel NameBed/BathPriced From
Greenfield Apartments1 Bedroom 1 Bathroom1BR,1BA$1,300
Boulder Park1x11BR,1BA$1,325
Sunset Ridge Apartments1x1 Standard1BR,1BA$1,335
Fir Park Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,345
Narrows Ridge ApartmentsOne bedroom with W/D1BR,1BA$1,349
Hiddenvale1 Bedroom 1 Bathroom1BR,1BA$1,350
Scenic Pines ApartmentsEastern Pine1BR,1BA$1,367
Latitude 47StudioStudio,1BA$1,375
Villager Apartments2 Bedroom 1 Bath2BR,1BA$1,495
Park Place ApartmentsOne Bedroom1BR,1BA$1,495

Best Value Apartments for Rent in University Place, WA

As of July 22, 2026 the best value apartment in the University Place area is the $1.75 price per square foot 350 RTH Model at Madrona Estates in the in the University Place neighborhood starting from $2,100. The second greatest value University Place apartment is the 3x2 Model at Boulder Park starting at $2,100 with a $1.91 price per square foot in the University Place neighborhood. Here is today’s list of the best values for University Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Madrona Estates350 RTH2BR,1.5BA$1.75
Boulder Park3x23BR,2BA$1.91
Timbre ApartmentsThe Aspen2BR,2BA$1.83
Alameda West Apartments2 Bedroom2BR,1.5BA$1.82
Sunset View2x1 Renovated-262BR,1BA$1.75
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1.66
Valley ViewCopalis2BR,1BA$1.94
Trellis on Orchard ApartmentsTwo Bedroom One Bath Standard2BR,1BA$1.95
Villager Apartments2 Bedroom 1 Bath2BR,1BA$1.87
Park Place ApartmentsOne Bedroom1BR,1BA$1.87

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Best Local Schools in
University Place, Tacoma, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Tacoma, Washington. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap University Place Apartments

What is the Cheapest Studio apartment in University Place?

Currently the most affordable Cheap Studio Apartment in University Place is at Latitude 47 listed at $1,375.

How much is rent for a Cheap One Bedroom University Place Apartment?

The lowest price for a Cheap One Bedroom University Place Apartment is $1,300 at Greenfield Apartments.

What is the lowest price for a Cheap Two Bedroom University Place Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in University Place is starting from $1,400 at Boulder Park.

What is the most affordable University Place Three Bedroom Apartment?

The best deal on a cheap University Place Three Bedroom Apartment rental is at Scenic Pines Apartments and starts from $1,881.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.