Viridian Grove
5228 S Mason Ave,
Tacoma, WA 98409
$1,551 - $1,976
2-4 Beds
Rental Market Trends in University Place, WA
What is the average rent in University Place, WA?
$1,501/month
Average Rent
690 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of April 2026, the average rent in University Place, WA is $1,501 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means University Place rent prices are 9% lower than the national average. When you rent an apartment in University Place, you can expect to pay about $1,537 per month for a studio, $1,501 for a one-bedroom apartment, and around $1,860 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,263 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in University Place, WA?
In the past year, rent has increased by 1%, which averages out to $16 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in University Place, WA
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
8%
$700 - $1,000/month
24%
$1,001 - $1,500/month
59%
$1,501 - $2,000/month
10%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in University Place?
Based on current rent prices, Sunset Terrace is the most affordable neighborhood in University Place.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in University Place?
Based on current rent prices, Sunset Terrace is the most expensive neighborhood in University Place.
Neighborhood
Average Rent
Average Sq Ft
Which University Place neighborhoods have the most rentals available?
The neighborhood in University Place with the most apartments available is Sunset Terrace .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in University Place, WA?
Because the average rent in University Place is $1,501, you’ll want to make about $5,003 per month or $60,036 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does University Place, WA compare to other nearby cities and neighborhoods?
Use the tool below to compare University Place, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.