Cheap Apartments for Rent in the Meadow Park Neighborhood of University Place, WA from $500 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Meadow Park area of 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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Fairway View
1 to 2 Bedroom Apartments

Fairway View

6611 Lakewood Dr WUniversity Place, WA 98467
  • Utilities Included
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Park West
Studio to 2 Bedroom Apartments

Park West

6407-6425 53rd Ave WUniversity Place, WA 98467
property at 5327 64th St W

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800
Total Monthly Price
$800

4 Bedroom, 2.5 Bath Home for Rent

Available Aug 12

5327 64th St W

TacomaWA98467

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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Oak Trace Apartments
1 to 4 Bedroom Apartments

Oak Trace Apartments

7419 S Verde StTacoma, WA 98409
  • Utilities Included
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Manitou Park
1 to 2 Bedroom Apartments

Manitou Park

4215 S 66th StTacoma, WA 98409

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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The Meadowlark
Studio to 2 Bedroom Apartments

The Meadowlark

5402 77th St WLakewood, WA 98499
Senior Living
  • 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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Showing Results 1-32, Page 1 of 1

Meadow Park, University Place, WA Local Guide

Cheapest Available Meadow Park Apartments for Rent

 

The cheapest available apartment rental in the Meadow Park area of University Place, WA is a 1 Bed unit found at Greenfield Apartments priced from $1,250. Sunset Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,335. Here are the most affordable Meadow Park apartments for rent in University Place, WA:

Apartment ListingModel NameBed/BathPriced From
Greenfield Apartments1 Bedroom 1 Bathroom1BR,1BA$1,250
Sunset Ridge Apartments1x1 Standard1BR,1BA$1,335
Scenic Pines ApartmentsEastern Pine1BR,1BA$1,367
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1,495
Merrill Creek1 Bed 1 Bath1BR,1BA$1,505
The MeadowlarkThe Meadowlark - 5402...1BR,1BA$1,545
Boardwalk at University Place ApartmentsOne Bedroom Standard1BR,1BA$1,545
Mullen Cove Apartments2BD/1BA - 1,070 SQ FT2BR,1BA$1,595
Viridian GroveThe Alder2BR,2BA$1,638
Trellis on Orchard ApartmentsTwo Bedroom One Bath Standard2BR,1BA$1,675

Best Value Apartments for Rent in Meadow Park, WA

As of July 30, 2026 the best value apartment in the Meadow Park area is the $1.49 price per square foot 2BD/1BA - 1,070 SQ FT Model at Mullen Cove Apartments in the in the South Tacoma neighborhood starting from $1,595. The second greatest value Meadow Park apartment is the Two Bedroom Model at Park Place Apartments starting at $1,810 with a $1.81 price per square foot in the South Tacoma neighborhood. Here is today’s list of the best values for Meadow Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mullen Cove Apartments2BD/1BA - 1,070 SQ FT2BR,1BA$1.49
Park Place ApartmentsTwo Bedroom2BR,1BA$1.81
5031 S Orchard St2 Beds, 1 Baths2BR,1BA$1.66
Valley ViewCopalis2BR,1BA$1.94
Viridian GroveThe Alder2BR,2BA$1.89
Trellis on Orchard ApartmentsTwo Bedroom One Bath Standard2BR,1BA$1.95
Merrill Creek1 Bed 1 Bath1BR,1BA$2.17
Sunset Ridge Apartments1x1 Standard1BR,1BA$2.07
Greenfield Apartments1 Bedroom 1 Bathroom1BR,1BA$2.02
Scenic Pines ApartmentsEastern Pine1BR,1BA$2.23

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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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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Best Local Schools in
Meadow Park, University Place, WA

School data provided by Great Schools

Frequently Asked Questions about Cheap Meadow Park Apartments

What is the price of a cheap apartment in Meadow Park?

The cheapest apartment in Meadow Park is Greenfield Apartments which is listed at $1,250, while the average apartment in Meadow Park costs $2,896.

What types of apartments are the cheapest in Meadow Park?

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 6 regular apartments in Meadow Park 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 Meadow Park?

Cheap apartments in Meadow Park have an average cost of $1,326 which is $1,570 cheaper than the average rent for all rentals in Meadow Park.

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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.