Cheap Apartments for Rent in University Place, WA from $500 (34 Rentals)

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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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Boulder Park
1 to 3 Bedroom Apartments

Boulder Park

7523 44th St WUniversity Place, WA 98466

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.

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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Manitou Park
1 to 2 Bedroom Apartments

Manitou Park

4215 S 66th StTacoma, WA 98409
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El Popo
1 Bedroom Apartments

El Popo

3228 S Union AveTacoma, WA 98409

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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Oak Trace Apartments
1 to 4 Bedroom Apartments

Oak Trace Apartments

7419 S Verde StTacoma, WA 98409
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Garden Square
1 Bedroom Apartments

Garden Square

8616 Hipkins Rd SWLakewood, WA 98498
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Hawaiian Village North
Studio to 3 Bedroom Apartments

Hawaiian Village North

40 Thunderbird Pky SWLakewood, WA 98498
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TNC Apartments
1 Bedroom Apartments

TNC Apartments

1919 S Tyler StTacoma, WA 98405

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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Maple Grove
1 to 2 Bedroom Apartments

Maple Grove

2851 Steilacoom BlvdSteilacoom, WA 98388

University Place, WA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 09/12/2025

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$2,007$1,30014
Meadow Park$2,295$1,19531

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in University Place, WA is a 2 Beds unit found at Timbre Apartments in the Lake City neighborhood priced from $189. Westside Estates in the West End neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $991. Here is today’s list of the most affordable University Place apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Timbre ApartmentsThe Orchard2BR,1BA$189
Westside EstatesEvergreen1BR,1BA$991
Vintage at TacomaOne Bedroom | Age 55+1BR,1BA$1,099
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1,195
Sundance ApartmentsOne Bedroom1BR,1BA$1,195
Miramar Apartments1 BDRM 1 BA1BR,1BA$1,199
Tanara Villa1x1 550-6001BR,1BA$1,245
Valencia ApartmentsStudioStudio,1BA$1,250
Morningtree Park1B 1B Small1BR,1BA$1,275

Best Value Apartments for Rent in University Place, WA

As of September 12, 2025 the best value apartment in the University Place area is the $1.34 price per square foot 8424 69th Ave SW Model at 8424 69th Ave SW, Unit 8424 in the in the Lake City neighborhood starting from $2,400. The second greatest value University Place apartment is the S 43rd TH 2x2.5 Model at S 43rd Townhomes starting at $2,395 with a $1.47 price per square foot in the Madrona 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.
8424 69th Ave SW, Unit 84248424 69th Ave SW2BR,1BA$1.34
S 43rd TownhomesS 43rd TH 2x2.52BR,2.5BA$1.47
Water's Edge TownhomesClassic Townhomes2BR,2.5BA$1.73
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.50
Town View Apartments2BR/2.0BA2BR,2BA$1.67
Mullen Cove Apartments2BD/2BA - 1,080 SQ FT2BR,2BA$1.50
Latitude 471 Bed 1 Bath + Den1BR,1BA$1.76
Cascade Terrace2BR/1BA2BR,1BA$1.58
Hillside Glen Apartments2 Bedroom 1 Bath2BR,1BA$1.64
4515 s Puget sound ave, Unit 34515 s Puget sound ave1BR,1BA$1.62

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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.

Pet Friendly Lifestyle
University Place, WA

Ranked #34

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

Explore University Place, WA Rentals by Map

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Getting Around University Place, WA

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

55 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap University Place Apartments

What is the Cheapest Studio apartment in University Place?

Currently the most affordable Cheap Studio Apartment in University Place is at Valencia Apartments listed at $1,250.

How much is rent for a Cheap One Bedroom University Place Apartment?

The lowest price for a Cheap One Bedroom University Place Apartment is $991 at Westside Estates.

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

Today's best deal for a Cheap Two Bedroom Apartment in University Place is starting from $1,199 at Vintage at Tacoma.

What is the most affordable University Place Three Bedroom Apartment?

The best deal on a cheap University Place Three Bedroom Apartment rental is at Scenic Pines Apartments and starts from $1,779.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.