Cheap Apartments for Rent near Underwood, WA from $958 (51 Rentals)

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

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East Wind
Rent Specials
$1,245 - $1,890
Total Monthly Price

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Base Rent
$1,245 - $1,890
Total Monthly Price
$1,245 - $1,890
1 to 3 Bedroom Apartments Available Now

East Wind

2950 NE 23rd StGresham, OR 97030
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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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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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Livingston
Rent Specials
$1,496 - $2,469
Total Monthly Price

Total Monthly Price

Base Rent
$1,496 - $2,469
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Studio to 2 Bedroom Apartments Available Now

Livingston

404 NE 6th AveCamas, WA 98607
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Heron Hills
Rent Specials
$1,500 - $1,675
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,675
Total Monthly Price
$1,500 - $1,675
2 Bedroom Apartments Available Now

Heron Hills

23900 SE Stark StGresham, OR 97030
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The Arden
Rent Specials
$1,502 - $2,581
Total Monthly Price

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$1,502 - $2,581
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Arden

765 SE Mount Hood HwyGresham, OR 97080
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Ninebark
Rent Specials
$1,540 - $3,475
Total Monthly Price

Total Monthly Price

Base Rent
$1,540 - $3,475
Total Monthly Price
$1,540 - $3,475
Studio to 3 Bedroom Apartments Available Now

Ninebark

600 S Marina WayWashougal, WA 98671
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Aspire Gresham
Rent Specials
$1,549 - $1,811
Total Monthly Price

Total Monthly Price

Base Rent
$1,549 - $1,811
Total Monthly Price
$1,549 - $1,811
2 Bedroom Apartments Available Now

Aspire Gresham

2400 NE Red Sunset DrGresham, OR 97030
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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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Outlook 16
Rent Specials
$1,550 - $2,891
Total Monthly Price

Total Monthly Price

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$1,550 - $2,891
Total Monthly Price
$1,550 - $2,891
1 to 2 Bedroom Apartments Available Now

Outlook 16

1616 NE 16th WayGresham, OR 97030
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The Oliveen
Rent Specials
$1,561 - $2,206
Total Monthly Price

Total Monthly Price

Base Rent
$1,561 - $2,206
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1 to 2 Bedroom Apartments Available Now

The Oliveen

19814 SE 1st StCamas, WA 98607
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IRONWOOD GREENS
Studio to 2 Bedroom Apartments

IRONWOOD GREENS

1999 NE Division StGresham, OR 97030

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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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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Campbell Park
2 Bedroom Apartments

Campbell Park

3087 NE Rene AveGresham, OR 97030
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Solomon's Place
2 Bedroom Apartments

Solomon's Place

3240-3320 NE 8th StGresham, OR 97030

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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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 $1,077. 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 - Second Floor1BR,1BA$1,077
Woodland Flats ApartmentsStudioStudio,1BA$1,125
Park Place2 Bed 1 Bath Standard2BR,1BA$1,215
Sienna LoftsSmall StudioStudio,1BA$1,225
East Wind1 Bedroom 1 Bath1BR,1BA$1,245
Alpine Meadows Apartments IAspen II1BR,1BA$1,250
Liberty Square1x11BR,1BA$1,295
East 252x1.52BR,1BA$1,399
Glacier ViewSundance1BR,1BA$1,400

Best Value Apartments for Rent in Underwood, WA and Nearby

As of August 24, 2026 the best value apartment in the Underwood area is the $1.58 price per square foot The Pinnacle Model at Cascade Creek Apartments in the starting from $2,026. The second greatest value Underwood apartment is the 2 Beds, 2 Baths Model at Main Street Village Apartments starting at $1,995 with a $1.81 price per square foot in the Bethea Park Estates 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.
Cascade Creek ApartmentsThe Pinnacle4BR,2BA$1.58
Main Street Village Apartments2 Beds, 2 Baths2BR,2BA$1.81
Park Place3 Bed 2 Bath Standard3BR,2BA$1.38
The Groves3x2 Classic3BR,2BA$1.69
Heron Hills2 Bed 2 Bath2BR,2BA$1.52
Aspire Gresham2 Bed 2 Bath2BR,2BA$1.57
Hampton Heights2x12BR,1BA$1.64
Troutdale Terrace2 Bed - 2 Bath2BR,2BA$1.73
East 252x1.52BR,1.5BA$1.55
Alvista 23 Apartment Homes1x1 PR1BR,1BA$1.82

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

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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 $1,077 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 Rent According to Income: A Look at Income-Restricted Rentals article

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.

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

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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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.