Cheap Apartments for Rent in University Place, WA from $500 (133 Rentals)

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

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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Fairway View
1 to 2 Bedroom Apartments

Fairway View

6611 Lakewood Dr WUniversity Place, WA 98467
  • Utilities Included
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Bergerson Terrace
2 to 3 Bedroom Apartments

Bergerson Terrace

5301 Orchard St WUniversity Place, WA 98467
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Fir Park Apartments
1 to 2 Bedroom Apartments

Fir Park Apartments

7502-7518 41st St Ct WUniversity Place, WA 98466
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Valencia Apartments
Studio to 3 Bedroom Apartments

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466
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Alpine Vistas
1 to 3 Bedroom Apartments

Alpine Vistas

2422 70th Ave WUniversity Place, WA 98466
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Bridgeport Square
1 to 2 Bedroom Apartments

Bridgeport Square

4401 76th Ave WUniversity Place, WA 98466

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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Park West
Studio to 2 Bedroom Apartments

Park West

6407-6425 53rd Ave WUniversity Place, WA 98467
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Cascade Terrace
Studio to 2 Bedroom Apartments

Cascade Terrace

2401-2411 Cascade Pl WUniversity Place, WA 98466
  • Utilities Included

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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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University Place, WA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 04/28/2026

Current apartment rentals in the University Place, WA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for University Place Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Chambers Creek Crossing$2,460$1,219216
Meadow Park$2,550$1,22595

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in University Place, WA is a 1 Bed unit found at Westside Estates in the West End neighborhood priced from $1,067. Steilacoom Woods in the Lake City neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable University Place apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westside EstatesWillow1BR,1BA$1,067
Steilacoom WoodsStudioStudio,1BA$1,100
The Monroe1x1 Income Restricted 65%1BR,1BA$1,205
Sundance ApartmentsOne Bedroom1BR,1BA$1,225
Cedar Court ApartmentsStudio EconomyStudio,1BA$1,250
Morningtree Park1B 1B Small1BR,1BA$1,275
Swan Grove ApartmentsThe BlakelyStudio,1BA$1,282
Scenic Pines ApartmentsEastern Pine1BR,1BA$1,293
Warner Park ApartmentsOne Bedroom1BR,1BA$1,295
Flamingo ApartmentsStudioStudio,1BA$1,300

Best Value Apartments for Rent in University Place, WA

As of April 28, 2026 the best value apartment in the University Place area is the $1.44 price per square foot S 43rd TH 2x2.5 Model at S 43rd Townhomes in the in the Madrona neighborhood starting from $2,350. 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.
S 43rd TownhomesS 43rd TH 2x2.52BR,2.5BA$1.44
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.67
Grandview Apartments2 Bedroom2BR,2BA$1.78
Mullen Cove Apartments2BD/1BA - 1,070 SQ FT2BR,1BA$1.49
Viridian GroveThe Cedar3BR,2BA$1.77
Sunset View2x1 Renovated2BR,1BA$1.65
Park PlaceTwo Bedroom2BR,1BA$1.80
Stonegate Apartments2 Bedroom 1 Bath2BR,1BA$1.77
Hillside Glen Apartments2 Bedroom 1 Bath2BR,1BA$1.72
Park Green Apartments2/1.002BR,1BA$1.78

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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University Place Overview

Nestled on the picturesque Puget Sound shores, University Place, WA, offers a serene living experience. This coastal city boasts a mix of natural beauty, urban convenience, and community warmth. For many, the allure of apartments in University Place, WA, lies in the blend of these elements. University Place apartments provide residents with modern comforts and easy access to nature and city amenities. The city's growth and development have positioned it as a desirable location for all age groups. If you are looking for apartments in the local area, what do you need to know?

Why live in University Place, WA?

University Place offers a harmonious blend of nature and urban living. The city boasts top-notch schools, making it a popular choice for families. Residents have access to an array of parks, like the renowned Chambers Bay, offering recreational and relaxation opportunities. Apartments in University Place, WA are diverse, catering to various needs, from waterfront views to downtown accessibility. The city's commitment to community growth is evident in its events, infrastructure, and amenities. Living here means experiencing the best of both worlds: a peaceful environment with city conveniences.

Best Local Schools in
University Place, WA

School data provided by Great Schools

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

Explore University Place, WA Rentals by Map

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See the most popular apartments and homes in University Place, WA

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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 $1,300.

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

The cheapest apartment in University Place is Westside Estates which is listed at $1,067, while the average apartment in University Place costs $2,505.

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 36 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 $960 which is $1,545 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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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.

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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.

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.