Cheap Homes for Rent in University Place, WA from $1,600 (22 Rentals)

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

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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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

Cheapest Neighborhoods for Apartments in University Place, WA

Pricing Updated: 06/08/2025

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$2,095$1,00020
Meadow Park$3,395$95065

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
Sundance ApartmentsOne Bedroom1BR,1BA$1,195
Morningtree Park1B 1B Small1BR,1BA$1,235
Alder Court ApartmentsStudio EfficiencyStudio,1BA$1,245

Best Value Apartments for Rent in University Place, WA

As of June 08, 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 2 Bd 2.5 Bath Classic Model at Water's Edge Townhomes starting at $2,495 with a $1.66 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.
4311 S Puget Sound Ave, Unit C4311 S Puget Sound Ave2BR,2.5BA$1.29
Water's Edge Townhomes2 Bd 2.5 Bath Classic2BR,2.5BA$1.66
SoundWest Townhomes2bed 1.5bath Townhouse2BR,1.5BA$1.50
Devonshire Townhomes2 Bedrooms2BR,1.5BA$1.65
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
Latitude 47StudioStudio ,1BA$1.71
Community Terrace2/1.002BR,1BA$1.86

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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Frequently Asked Questions about University Place

What type of rentals are currently available in University Place?

There are currently 441 Apartments for Rent in University Place, WA with pricing that ranges from $850 to $4,135. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Place ranging from $1,600 to $3,950.

What is the current price range for Rental Homes in University Place?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Place ranges from $1,600 to $3,950 with an average monthly rent of $2,463.

How much are larger Three and Four Bedroom Rentals in University Place?

For those who are looking for larger living arrangements, Three Bedroom Apartments in University Place range from $1,795 to $3,374, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,935 to $3,799. Four Bedroom Single-Family rentals are also available starting from $2,495 and Four Bedroom Apartments start at $3,395.

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.

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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.