Cheap Apartments for Rent in Underwood, WA from $800 (52 Rentals)

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The Arden
Rent Specials
$1,224 - $2,340
Total Monthly Price

Total Monthly Price

Base Rent
$1,224 - $2,340
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Arden

765 SE Mount Hood HwyGresham, OR 97080
Eco-Friendly
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  • 3D Tour

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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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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Fairview Oaks Woods
Rent Specials
$1,458 - $1,511
Total Monthly Price

Total Monthly Price

Base Rent
$1,458 - $1,511
Total Monthly Price
$1,458 - $1,511
2 Bedroom Apartments Available Now

Fairview Oaks Woods

22701 NE Halsey StFairview, OR 97024
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  • Low Income
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Heron Hills
Rent Specials
$1,499 - $1,550
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Total Monthly Price

Base Rent
$1,499 - $1,550
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2 Bedroom Apartments Available Now

Heron Hills

23900 SE Stark StGresham, OR 97030
Outdoors
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Ninebark
Rent Specials
$1,540 - $3,525
Total Monthly Price

Total Monthly Price

Base Rent
$1,540 - $3,525
Total Monthly Price
$1,540 - $3,525
Studio to 3 Bedroom Apartments Available Now

Ninebark

600 S Marina WayWashougal, WA 98671
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  • Low Income
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Aspire Gresham
Rent Specials
$1,558 - $1,662
Total Monthly Price

Total Monthly Price

Base Rent
$1,558 - $1,662
Total Monthly Price
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2 Bedroom Apartments Available Now

Aspire Gresham

2400 NE Red Sunset DrGresham, OR 97030
Affordability
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Outlook 16
$1,565 - $4,525
Total Monthly Price

Total Monthly Price

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$1,565 - $4,525
Total Monthly Price
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1 to 2 Bedroom Apartments Available May 31

Outlook 16

1616 NE 16th WayGresham, OR 97030
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The Oliveen
Rent Specials
$1,576 - $2,181
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Base Rent
$1,576 - $2,181
Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Oliveen

19814 SE 1st StCamas, WA 98607
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Liberty Square
Studio to 2 Bedroom Apartments

Liberty Square

1203-1221 E Powell BlvdGresham, OR 97030
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The Byway
Studio to 3 Bedroom Apartments

The Byway

23765 NE Halsey StWood Village, OR 97060
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PineWood Commons
1 to 2 Bedroom Apartments

PineWood Commons

2710 NW Division StGresham, OR 97030
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Solomon's Place
2 Bedroom Apartments

Solomon's Place

3240-3320 NE 8th StGresham, OR 97030
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Edison Apartments
1 to 2 Bedroom Apartments

Edison Apartments

1833 SE 6th StGresham, OR 97080

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Underwood, WA Local Guide

Cheapest Available Underwood Apartments for Rent and Nearby

 

The cheapest available apartment rental in Underwood, WA is a Studio unit found at Highland Park in the Riverbend neighborhood priced from $1,049. Linden Place Apartments in the Riverbend neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,059. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland ParkStudio AStudio,1BA$1,049
Linden Place ApartmentsOne Bed-First Floor1BR,1BA$1,059
Woodland Flats ApartmentsStudioStudio,1BA$1,099
IRONWOOD GREENS1 Bed 1 Bath1BR,1BA$1,175
Park Place2 Bed 1 Bath Standard2BR,1BA$1,215
East Wind1 Bedroom 1 Bath1BR,1BA$1,245
Meadowlark at FairviewStudio CStudio,1BA$1,275
Alvista 23 Apartment Homes1x1 LR1BR,1BA$1,298
The BywayLoowit FallsStudio,1BA$1,321
The Groves1x1 Classic1BR,1BA$1,329

Best Value Apartments for Rent in Underwood, WA and Nearby

As of May 25, 2026 the best value apartment in the Underwood area is the $1.38 price per square foot 3 Bed 2 Bath Standard Model at Park Place in the in the Riverbend neighborhood starting from $1,435. The second greatest value Underwood apartment is the 2 Bed 2 Bath Model at Heron Hills starting at $1,499 with a $1.52 price per square foot in the Riverbend neighborhood. Here is today’s list of the best values for Underwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Place3 Bed 2 Bath Standard3BR,2BA$1.38
Heron Hills2 Bed 2 Bath2BR,2BA$1.52
Aspire Gresham2 Bed 2 Bath2BR,2BA$1.58
East 253x13BR,1BA$1.63
Hampton Heights2x12BR,1BA$1.64
Edison Apartments2X2 L2BR,2BA$1.72
Beavercreek Meadows2x22BR,2BA$1.53
Fairview Oaks WoodsTwo Bedroom - One Bath2BR,1BA$1.57
IRONWOOD GREENS1 Bed 1 Bath1BR,1BA$1.71
Linden Place ApartmentsOne Bed - Second Floor1BR,1BA$1.69

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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Frequently Asked Questions about Cheap Underwood Apartments

What is the Cheapest Studio apartment in Underwood?

Currently the most affordable Cheap Studio Apartment in Underwood is at Highland Park listed at $1,049.

How much is rent for a Cheap One Bedroom Underwood Apartment?

The lowest price for a Cheap One Bedroom Underwood Apartment is $1,059 at Linden Place Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Underwood is starting from $1,205 at Highland Park.

What is the most affordable Underwood Three Bedroom Apartment?

The best deal on a cheap Underwood Three Bedroom Apartment rental is at Park Place and starts from $1,435.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.