Cheap Apartments for Rent in the University Place Neighborhood of Tacoma, WA from $875 (94 Rentals)

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

property at 403 CONTRA COSTA AVE
$1,000

Total Monthly Price

Base Rent$1,000
Total Monthly Price$1,000
3 Bedroom, 2 Bath Home for Rent
Available Now
Furnished

403 CONTRA COSTA AVE

TacomaWA98466
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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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Colonial Park
1 to 3 Bedroom Apartments

Colonial Park

7722 40th St WTacoma, WA 98466
property at 2511 Locust Ave W
$1,600
1 Bedroom Rentals
Available Now
Affordability

2511 Locust Ave W

TacomaWA98466
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Hazelwood Terrace
2 to 3 Bedroom Apartments

Hazelwood Terrace

3021-3035 S Orchard StTacoma, WA 98466
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The Alicia Apartments
2 Bedroom Apartments

The Alicia Apartments

3318 Bridgeport Way WTacoma, WA 98466
  • Utilities Included

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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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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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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Alta University Place
Rent Specials
$1,652 - $3,025

Total Monthly Price

Base Rent$1,652 - $3,025
Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Alta University Place

2211 68th Avenue Ct WUniversity Place, WA 98466
Student Housing
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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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 $1,250. Sunset Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,315. Here are the most affordable University Place apartments for rent in Tacoma, WA:

Apartment ListingModel NameBed/BathPriced From
Greenfield Apartments1 Bedroom 1 Bathroom1BR,1BA$1,250
Sunset Ridge Apartments1x1 Standard1BR,1BA$1,315
Boulder Park1x11BR,1BA$1,325
Narrows Ridge ApartmentsOne bedroom with W/D1BR,1BA$1,349
Latitude 47StudioStudio,1BA$1,350
Scenic Pines ApartmentsSugar Pine1BR,1BA$1,367
Meadow Creek ApartmentsOne Bedroom1BR,1BA$1,395
University Crossing Apartments1 Bedroom1BR,1BA$1,410
Fir Park Apartments1 Bedroom, 1 Bathroom1BR,1BA$1,450
Bridgeport Terrace Apartments1 Bed 1 Bath1BR,1BA$1,495

Best Value Apartments for Rent in University Place, WA

As of September 06, 2026 the best value apartment in the University Place area is the $2.00 price per square foot 3 Bed 2 Bath A Model at Merrill Creek in the in the Lake City neighborhood starting from $2,396. The second greatest value University Place apartment is the 2bed 1.5bath Townhouse Model at SoundWest Townhomes starting at $1,995 with a $1.67 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.
Merrill Creek3 Bed 2 Bath A3BR,2BA$2.00
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.67
Grandview Apartments2 Bedroom 2nd Floor2BR,2BA$1.74
Boulder Park3x23BR,2BA$1.91
Alameda West Apartments2 Bedroom2BR,1.5BA$1.77
Orchard TerraceTwo Bedroom2BR,1.5BA$1.75
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1.66
MOD 832 Bedroom2BR,1BA$1.93
Trellis on Orchard ApartmentsTwo Bedroom One Bath Standard2BR,1BA$1.95
Hidden Hills ApartmentsBlue Spruce2BR,1BA$1.97

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Quick Rent Budget Calculator

How much rent can you afford?

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 a cheap apartment in University Place?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University Place is under $1,495.

What is the price of a cheap apartment in University Place?

The cheapest apartment in University Place is Greenfield Apartments which is listed at $1,250, while the average apartment in University Place costs $1,895.

What types of apartments are the cheapest in University Place?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 42 regular apartments in University Place that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in University Place?

Cheap apartments in University Place have an average cost of $406 which is $1,489 cheaper than the average rent for all rentals in University Place.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.