Cheap Apartments for Rent in University Place, WA from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
Fairway View
1 to 2 Bedroom Apartments

Fairway View

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

Bergerson Terrace

5301 Orchard St WUniversity Place, WA 98467
close
View Me
Boulder Park
1 to 3 Bedroom Apartments

Boulder Park

7523 44th St 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.

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.

close
View Me
Manitou Park
1 to 2 Bedroom Apartments

Manitou Park

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

El Popo

3228 S Union AveTacoma, WA 98409
close
View Me
Oak Trace Apartments
1 to 4 Bedroom Apartments

Oak Trace Apartments

7419 S Verde StTacoma, WA 98409
  • Utilities Included
close
View Me
Garden Square
1 Bedroom Apartments

Garden Square

8616 Hipkins Rd SWLakewood, WA 98498
  • Utilities Included

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.

close
View Me
Hawaiian Village North
Studio to 3 Bedroom Apartments

Hawaiian Village North

40 Thunderbird Pky SWLakewood, WA 98498
  • Utilities Included
close
View Me
TNC Apartments
1 Bedroom Apartments

TNC Apartments

1919 S Tyler StTacoma, WA 98405
close
View Me
Maple Grove
1 Bedroom Apartments

Maple Grove

2851 Steilacoom BlvdSteilacoom, WA 98388

Navigating 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.

University Place, WA Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 06/14/2025

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$2,075$1,22520
Meadow Park$3,395$95074

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 $991. VINTAGE AT TACOMA in the Madrona neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,147. Here is today’s list of the most affordable University Place apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westside EstatesEvergreen1BR,1BA$991
VINTAGE AT TACOMAOne Bedroom | Age 55+1BR,1BA$1,147
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1,195
Sundance ApartmentsOne Bedroom1BR,1BA$1,195
Alder Court ApartmentsStudio EfficiencyStudio,1BA$1,250
601 Jackson ApartmentsOne Bedroom1BR,1BA$1,275
Highland Court ApartmentsOne Bedroom1BR,1BA$1,275
Swan Grove ApartmentsThe BlakelyStudio,1BA$1,282
Warner Park ApartmentsOne Bedroom1BR,1BA$1,285
Flamingo ApartmentsStudioStudio,1BA$1,285

Best Value Apartments for Rent in University Place, WA

As of June 14, 2025 the best value apartment in the University Place area is the $1.29 price per square foot 4311 S Puget Sound Ave Model at 4311 S Puget Sound Ave, Unit C in the in the Madrona neighborhood starting from $1,999. The second greatest value University Place apartment is the 2bed 1.5bath Townhouse Model at SoundWest Townhomes starting at $1,795 with a $1.50 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.
4311 S Puget Sound Ave, Unit C4311 S Puget Sound Ave2BR,2.5BA$1.29
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.50
Cascade Terrace2BR/1BA2BR,1BA$1.70
Alameda West Apartments2 Bedroom2BR,1.5BA$1.84
Orchard TerraceTwo Bedroom2BR,1.5BA$1.78
Hillside Glen Apartments2 Bedroom 1 Bath2BR,1BA$1.64
Olympic Terrace9602BR,2BA$1.88
Latitude 47StudioStudio ,1BA$1.71
Community Terrace2/1.002BR,1BA$1.86
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1.87

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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

Explore University Place, WA Rentals by Map

View MapUniversity Place, WA Apartments MapView MapUniversity Place, WA Rental Homes Map

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 Alder Court 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 $1,279 at Westside Estates.

What is the most affordable University Place Three Bedroom Apartment?

The best deal on a cheap University Place Three Bedroom Apartment rental is at The Village at Seeley Lake and starts from $2,401.

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 Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.