Cheap Apartments for Rent in University Place, WA from $500 (54 Rentals)

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

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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.

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Hidden Hills Apartments
1 to 3 Bedroom Apartments

Hidden Hills Apartments

3313 72nd Ct WUniversity Place, WA 98466
  • Utilities Included
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Fir Park Apartments
1 to 2 Bedroom Apartments

Fir Park Apartments

7502-7518 41st St Ct WUniversity Place, WA 98466
  • Utilities Included

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.

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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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
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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
  • 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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Hawaiian Village North
Studio to 3 Bedroom Apartments

Hawaiian Village North

40 Thunderbird Pky SWLakewood, WA 98498
Corporate Housing
  • Utilities Included
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TNC Apartments
1 Bedroom Apartments

TNC Apartments

1919 S Tyler StTacoma, WA 98405
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4312 S Puget Sound Ave
Studio to 1 Bedroom Apartments

4312 S Puget Sound Ave

4312 S Puget Sound AveTacoma, WA 98409
Corporate Housing
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Kon tiki
1 to 2 Bedroom Apartments

Kon tiki

5013 6th AveTacoma, WA 98406
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Parkhurst Apartments
2 Bedroom Apartments

Parkhurst Apartments

5202 S 12th StTacoma, WA 98465
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Maple Grove
1 to 2 Bedroom Apartments

Maple Grove

2851 Steilacoom BlvdSteilacoom, WA 98388

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.

University Place, WA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 12/12/2025

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$2,200$1,30012
Meadow Park$3,050$1,22570

Cheapest Available University Place Apartments for Rent

 

The cheapest available apartment rental in University Place, WA is a 1 Bed unit found at Bayswater Apartments in the West End neighborhood priced from $837. 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
Bayswater ApartmentsOne Bedroom1BR,1BA$837
Westside EstatesEvergreen1BR,1BA$991
Vintage at TacomaOne Bedroom | Age 55+1BR,1BA$999
Steilacoom WoodsStudioStudio,1BA$1,100
3903 S Tyler St1BR/1.0BA1BR,1BA$1,195
Fort Steilacoom Apartments1 Bedroom1BR,1BA$1,195
Community Terrace1/1.001BR,1BA$1,195
Miramar Apartments1 BDRM 1 BA1BR,1BA$1,199
Valencia ApartmentsStudioStudio,1BA$1,250
Morningtree Park1B 1B Small1BR,1BA$1,275

Best Value Apartments for Rent in University Place, WA

As of December 12, 2025 the best value apartment in the University Place area is the $1.47 price per square foot S 43rd TH 2x2.5 Model at S 43rd Townhomes in the in the Madrona neighborhood starting from $2,395. The second greatest value University Place apartment is the Classic Townhomes Model at Water's Edge Townhomes starting at $2,395 with a $1.60 price per square foot in the West End 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$1.47
Water's Edge TownhomesClassic Townhomes2BR,2.5BA$1.60
SoundWest Townhomes3x2 Townhouse3BR,2BA$1.60
Warner II3/3.503BR,3.5BA$1.63
Miramar Apartments2 BDRM 1 BA2BR,1BA$1.66
Trellis Pointe ApartmentsTwo Bedroom One Bath2BR,1BA$1.57
Mullen Cove Apartments2BD/2BA - 1,080 SQ FT2BR,2BA$1.50
Orchard TerraceTwo Bedroom2BR,1.5BA$1.65
Hillside Glen Apartments2 Bedroom 1 Bath2BR,1BA$1.64
The LookoutWillow2BR,2BA$1.48

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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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.

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 Steilacoom Woods listed at $1,100.

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

The lowest price for a Cheap One Bedroom University Place Apartment is $837 at Bayswater Apartments.

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 Harbor Oaks and starts from $2,025.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.