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77 Apartments for rent in University Place, WA

Read Guide >
Last updated April 20 at 6:59am UTC
3406 71st Ave Ct West
University Place
University Place, WA
Updated April 20 at 4:07am UTC
3 Bedrooms
$1,595
5031 S Orchard St
South Tacoma
University Place, WA
Updated April 18 at 2:17am UTC
2 Bedrooms
$1,400
Results within 1 miles of University Place, WA
338 Regents Blvd
Fircrest
Fircrest, WA
Updated April 18 at 4:04am UTC
2 Bedrooms
$1,345
7551 Dowerdell Ln West
North Lakewood
Lakewood, WA
Updated April 5 at 10:32am UTC
3 Bedrooms
$2,300
Results within 5 miles of University Place, WA
1501 Tacoma Ave South
New Tacoma
Tacoma, WA
Updated April 20 at 4:07am UTC
2 Bedrooms
$2,795
5906 South Cushman Ct
South End
Tacoma, WA
Updated April 20 at 4:07am UTC
Studio
$795
6529 60th St W
University Place
University Place, WA
Updated April 13 at 11:30am UTC
4 Bedrooms
$2,350
9601 Onyx Drive SW
North Lakewood
Lakewood, WA
Updated April 19 at 9:58am UTC
3 Bedrooms
$1,900
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City Guide
University Place
Renting in University Place

University Place is a small city of 31,000 people. So while it has several neighborhoods, there's little difference between them. The price of living is virtually the same throughout -- the only thing that varies is what you see out the window. If you get an apartment by the water, or the golf course, you'll spend a bit more for the view; the further inland you get, the less you pay for an apartment. UP is a great choice if you're looking for a place with a small-town feeling with city conveniences. Businesses, parks, and residential areas abound, but there's none of the traffic, eyesores, or annoyances of a major city--though Tacoma's just a few miles away if you start to miss them.

If you plan on moving to University Place in the late summer or early fall, start looking a month or two early. In winter and spring, things will be a bit easier, so while you should be able to find a decent apartment complex without too much difficulty, you should still plan on 3 to 4 weeks to find the perfect place. The summertime is the best season to look for apartments, since many of the apartments, especially the bachelor and 1 bedroom apartments, are empty, and it's a renters market.

University Place Neighborhoods

Even though it's generally expensive, there are a wide range of apartment complexes and prices available. The market offers decent prices on bachelor pads and 1 bedroom apartments, and even larger apartments can be affordable.

Meadow Park: Meadow Park is a residential neighborhood in University Place. The area has access to shopping, restaurants, golf courses, and parks -- but you'll want to have your own private transportation to get around.

Peach Acres: For a residential area in University Place with plenty of natural beauty, people choose Peach Acres, boasting beautiful views of Mount Ranier and the Cascade Mountain Range. You'll want a car or bike to get around here.

Living in University Place

The convenient thing about University Place is that it's small and easy to get around. You can easily get around by bike. The streets are laid out nicely, and getting from one side of the city to the other isn't very challenging. Also, there are city buses covering the various neighborhoods, which also head into Tacoma regularly. This makes owning a car, nice but not essential.

Considering the numerous small restaurants and shops, and some of the best bakeries in the area, you could easily survive by walking most places. Considering gas prices, that's a major score.

Now that you have a basic idea of University Place, you can go find a great apartment and live in a city that really does feel like a small town.

Rent Report
University Place

April 2018 University Place Rent Report

Welcome to the April 2018 University Place Rent Report. University Place rents increased over the past month. In this report, we'll evaluate trends in the University Place rental market, including comparisons to cities throughout the metro, state, and nation.

University Place rents increase sharply over the past month

University Place rents have increased 1.3% over the past month, and are up significantly by 4.2% in comparison to the same time last year. Currently, median rents in University Place stand at $1,150 for a one-bedroom apartment and $1,430 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in January. University Place's year-over-year rent growth leads the state average of 3.2%, as well as the national average of 2.0%.

Rents rising across the Seattle Metro

Throughout the past year, rent increases have been occurring not just in the city of University Place, but across the entire metro. Of the largest 10 cities that we have data for in the Seattle metro, all of them have seen prices rise. Here's a look at how rents compare across some of the largest cities in the metro.

  • Bellevue has the most expensive rents in the Seattle metro, with a two-bedroom median of $2,290; the city has also seen rent growth of 1.7% over the past month, the fastest in the metro.
  • Over the past month, Marysville is the only city in the metro that has seen rents fall, with a decline of 0.1%. Median two-bedrooms there cost $1,700, while one-bedrooms go for $1,370.
  • Lakewood has the least expensive rents in the Seattle metro, with a two-bedroom median of $1,400; rents were up 5.4% over the past year but remained flat month-over-month.

Many large cities nationwide show more affordable rents compared to University Place

As rents have increased significantly in University Place, a few large cities nationwide have seen rents grow more modestly. Compared to most large cities across the country, University Place is less affordable for renters.

  • Rents increased significantly in other cities across the state, with Washington as a whole logging rent growth of 3.2% over the past year. For example, rents have grown by 4.9% in Vancouver and 4.1% in Spokane.
  • University Place's median two-bedroom rent of $1,430 is above the national average of $1,170. Nationwide, rents have grown by 2.0% over the past year compared to the 4.2% rise in University Place.
  • While University Place's rents rose significantly over the past year, many cities nationwide also saw increases, including Los Angeles (+3.1%), Phoenix (+2.9%), and Boston (+2.1%).
  • Renters will generally find more expensive prices in University Place than most large cities. For example, Spokane has a median 2BR rent of $890, where University Place is more than one-and-a-half times that price.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Seattle $1,320 $1,650 0.6% 1.3%
Tacoma $1,240 $1,540 0.5% 4.9%
Bellevue $1,840 $2,290 1.7% 1.6%
Everett $1,300 $1,620 0.3% 2.9%
Kent $1,420 $1,770 0.6% 5.3%
Renton $1,620 $2,010 0.9% 3.0%
Federal Way $1,370 $1,710 0.6% 6.6%
Auburn $1,320 $1,640 0.2% 3.6%
Marysville $1,370 $1,700 -0.1% 2.0%
Lakewood $1,120 $1,400 0.1% 5.4%
See more

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.