
Cheap Homes for Rent near Underwood, WA from $1,200 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Underwood.


2907 Main St

65000 US-26

3108 H St
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.

402 McCoy St

1021 12th St

743 9th St

917 Pacific Ave
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.

39910 McCormick Dr
Underwood, WA Local Guide

How much does it cost to rent a home in Underwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Underwood 2 Bedroom Homes for Rent | $2,022 | $1,450 | $2,650 |
| Underwood 3 Bedroom Homes for Rent | $2,592 | $1,650 | $3,685 |
| Underwood 4 Bedroom Homes for Rent | $3,520 | $2,350 | $4,700 |
| Underwood 5 Bedroom Homes for Rent | $4,200 | $4,200 | $4,200 |
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Underwood, WA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Highland Park | Studio A | Studio,1BA | $1,049 |
| Woodland Flats Apartments | Studio | Studio,1BA | $1,099 |
| Linden Place Apartments | Studio | Studio,1BA | $1,107 |
Best Value Apartments for Rent in Underwood, WA and Nearby
As of September 05, 2026 the best value apartment in the Underwood area is the $1.80 price per square foot 3 Beds, 2 baths Model at 219 NW 19th Ave in the in the Heritage Heights neighborhood starting from $3,500. The second greatest value Underwood apartment is the 2BD, 2.5BTH B Model at Lookout at the Ridge Apartments starting at $2,095 with a $1.62 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 219 NW 19th Ave | 3 Beds, 2 baths | 3BR,2BA | $1.80 |
| Lookout at the Ridge Apartments | 2BD, 2.5BTH B | 2BR,2.5BA | $1.62 |
| Cascade Creek Apartments | The Pinnacle | 4BR,2BA | $1.58 |
| Main Street Village Apartments | 2 Beds, 2 Baths | 2BR,2BA | $1.81 |
| Heron Hills | 2 Bed 2 Bath | 2BR,2BA | $1.52 |
| Aspire Gresham | 2 Bed 2 Bath | 2BR,2BA | $1.57 |
| Hampton Heights | 2x1 | 2BR,1BA | $1.58 |
| Rockwood Terrace | 2 Bedroom, 1.5 Bath B (60% Income Restricted) | 2BR,1.5BA | $1.68 |
| Troutdale Terrace | 2 Bed - 2 Bath | 2BR,2BA | $1.73 |
| Alvista 23 Apartment Homes | 1x1 Renovation 1 | 1BR,1BA | $1.70 |
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.
Read ArticleNavigating 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.
Read ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Underwood
What type of rentals are currently available in Underwood?
There are currently 58 Apartments for Rent in Underwood, WA with pricing that ranges from $958 to $5,830. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Underwood ranging from $1,200 to $4,700.
What is the current price range for Rental Homes in Underwood?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Underwood ranges from $1,200 to $4,700 with an average monthly rent of $2,439.
How much are larger Three and Four Bedroom Rentals in Underwood?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Underwood range from $1,599 to $3,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $3,685. Four Bedroom Single-Family rentals are also available starting from $2,350 and Four Bedroom Apartments start at $2,026.
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

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.

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.

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.

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.