Cheap Apartments for Rent near Underwood, WA from $800 (50 Rentals)

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Search the lowest-cost Apartments available for rent right now in Underwood.

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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Ninebark
Rent Specials
$1,445 - $3,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,445 - $3,475
Total Monthly Price
$1,445 - $3,475
Studio to 3 Bedroom Apartments Available Now

Ninebark

600 S Marina WayWashougal, WA 98671
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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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The Oliveen
Rent Specials
$1,486 - $2,206
Total Monthly Price

Total Monthly Price

Base Rent
$1,486 - $2,206
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jul 10

The Oliveen

19814 SE 1st StCamas, WA 98607
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The Arden
Rent Specials
$1,500 - $3,656
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $3,656
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Arden

765 SE Mount Hood HwyGresham, OR 97080
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Outlook 16
Rent Specials
$1,549 - $3,318
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $3,318
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Outlook 16

1616 NE 16th WayGresham, 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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Heron Hills
Rent Specials
$1,550 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,550 - $1,675
Total Monthly Price
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2 Bedroom Apartments Available Now

Heron Hills

23900 SE Stark StGresham, OR 97030
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Aspire Gresham
Rent Specials
$1,562 - $1,756
Total Monthly Price

Total Monthly Price

Base Rent
$1,562 - $1,756
Total Monthly Price
Varies
2 Bedroom Apartments Available Now

Aspire Gresham

2400 NE Red Sunset DrGresham, OR 97030
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Liberty Square
Studio to 2 Bedroom Apartments

Liberty Square

1203-1221 E Powell BlvdGresham, OR 97030

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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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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The Byway
Studio to 3 Bedroom Apartments

The Byway

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

Edison Apartments

1833 SE 6th StGresham, OR 97080

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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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. Woodland Flats Apartments in the Riverbend neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,099. Here is today’s list of the most affordable Underwood apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Highland ParkStudio AStudio,1BA$1,049
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
The Groves1x1 Classic1BR,1BA$1,259
Alpine Meadows Apartments IAspen II1BR,1BA$1,275
Meadowlark at FairviewStudio BStudio,1BA$1,275
Alvista 23 Apartment Homes1x1 LR1BR,1BA$1,283
Linden Place ApartmentsOne Bed - Second Floor1BR,1BA$1,299

Best Value Apartments for Rent in Underwood, WA and Nearby

As of July 10, 2026 the best value apartment in the Underwood area is the $1.49 price per square foot 3 Bed - 2 Bath Model at Troutdale Terrace in the in the Riverbend neighborhood starting from $1,862. The second greatest value Underwood apartment is the 3 Bed 2 Bath Standard Model at Park Place starting at $1,435 with a $1.38 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.
Troutdale Terrace3 Bed - 2 Bath3BR,2BA$1.49
Park Place3 Bed 2 Bath Standard3BR,2BA$1.38
Heron Hills2 Bed 2 Bath2BR,2BA$1.57
Aspire Gresham2 Bed 2 Bath Renovated2BR,2BA$1.67
Hampton Heights2x12BR,1BA$1.64
Beavercreek Meadows2x22BR,2BA$1.42
Fairview Oaks WoodsTwo Bedroom - One Bath2BR,1BA$1.57
Cascade Creek ApartmentsThe Bluff2BR,2BA$1.78
Rockwood Terrace2 Bedroom, 1 Bath A (60% Income Restricted)2BR,1BA$1.78
IRONWOOD GREENS1 Bed 1 Bath1BR,1BA$1.71

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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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Underwood, WA Rentals by Map

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See the most popular apartments and homes in Underwood, WA

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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 $1,079 at Highland Park.

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

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.

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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.