Cheap Apartments for Rent in University Place, WA from $500 (140 Rentals)

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

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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Fairway View
1 to 2 Bedroom Apartments

Fairway View

6611 Lakewood Dr WUniversity Place, WA 98467
  • Utilities Included

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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Valencia Apartments
Studio to 3 Bedroom Apartments

Valencia Apartments

2833 Grandview Dr WUniversity Place, WA 98466
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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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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
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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

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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University Place, WA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 07/28/2026

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$2,100$1,32520
Meadow Park$2,321$1,30087

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 $1,019. Pinegar Manor in the South Tacoma neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here is today’s list of the most affordable University Place apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Westside EstatesEvergreen1BR,1BA$1,019
Pinegar ManorPinegar Manor1BR,1BA$1,050
Community Terrace1/1.001BR,1BA$1,195
El Popo1 Bedroom - Fully Renovated1BR,1BA$1,200
The Monroe1x1 Income Restricted 65%1BR,1BA$1,205
Westwood ApartmentsOne Bedroom One Bath1BR,1BA$1,225
Morningtree Park1B 1B Small1BR,1BA$1,275
Swan Grove ApartmentsThe BlakelyStudio,1BA$1,282
Cedar Court ApartmentsStudio EconomyStudio,1BA$1,295
Warner Park ApartmentsOne Bedroom1BR,1BA$1,295

Best Value Apartments for Rent in University Place, WA

As of July 28, 2026 the best value apartment in the University Place area is the $1.23 price per square foot S 43rd TH 2x2.5 Model at S 43rd Townhomes in the in the Madrona neighborhood starting from $1,995. The second greatest value University Place apartment is the 3903 Mason Loop Rd Model at 3903 Mason Loop Rd, Unit B starting at $1,850 with a $1.23 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.
S 43rd TownhomesS 43rd TH 2x2.52BR,2.5BA$1.23
3903 Mason Loop Rd, Unit B3903 Mason Loop Rd2BR,1BA$1.23
Mullen Cove Apartments2BD/1BA - 1,070 SQ FT2BR,1BA$1.49
Alameda West Apartments2 Bedroom2BR,1.5BA$1.82
Park Place ApartmentsTwo Bedroom2BR,1BA$1.81
3903 S Tyler St2BR/2.0BA2BR,2BA$1.67
The LookoutWillow2BR,2BA$1.81
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1.66
Narrows PointeE2BR,1BA$1.69
Pinegar ManorPinegar Manor1BR,1BA$1.50

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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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 $1,295.

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

The cheapest apartment in University Place is Westside Estates which is listed at $1,019, while the average apartment in University Place costs $2,210.

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 7 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 $1,300 which is $910 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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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.

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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.