Rentometer, Inc. | Data as of 10/22/2025
University Place, Washington, blends small‑city charm with easy access to the Pacific coastline and vibrant Tacoma amenities. Residents enjoy proximity to scenic parks such as Veteran’s Memorial Park, the Nisqually River waterfront, and a lively downtown corridor filled with boutique shops, cafés, and cultural venues like the University Place Arts Center. This mix of natural beauty and urban convenience makes the city an attractive destination for renters seeking both relaxation and connectivity.
The local rental market offers a diverse range of housing options, from modern studio apartments to spacious family homes. Studio and one‑bedroom apartments generally sit in the $1500s, while two‑bedroom units typically reach the $2000 range. Larger three‑bedroom apartments and houses start around the $2300‑$3000 level, and premium four‑plus‑bedroom homes can command prices in the $3500 bracket. This variety ensures that singles, couples, and growing families can find suitable accommodations across the city’s well‑maintained neighborhoods, including the historic Old Town district and the newer Meadowbrook community.
University Place’s strong rental demand is supported by its excellent schools, convenient commuter routes to major employment hubs, and a welcoming community atmosphere. Whether renters are drawn by the allure of waterfront living, the convenience of nearby shopping centers, or the quiet charm of tree‑lined streets, the city’s blend of apartments and single‑family homes provides flexible choices that cater to a broad spectrum of lifestyle preferences.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,540 | $1,537 | $1,285 - $1,899 | $1,450 - $1,596 |
| Apartment | 1 Bedroom | $1,630 | $1,545 | $1,237 - $2,356 | $1,495 - $1,750 |
| Apartment | 2 Bedroom | $2,036 | $1,880 | $1,375 - $4,135 | $1,700 - $2,295 |
| Apartment | 3 Bedroom | $2,325 | $2,282 | $1,111 - $3,039 | $1,990 - $2,778 |
| House | 1 Bedroom | $1,486 | $1,550 | $1,100 - $1,795 | $1,495 - $1,699 |
| House | 2 Bedroom | $2,219 | $2,300 | $1,600 - $2,995 | $1,895 - $2,495 |
| House | 3 Bedroom | $3,031 | $3,007 | $2,050 - $4,150 | $2,750 - $3,300 |
| House | 4+ Bedroom | $3,555 | $3,497 | $2,885 - $4,719 | $3,200 - $3,895 |
In the current period, the average rent in University Place was $1,540 for Studio, $1,613 for 1 Bedroom, $2,079 for 2 Bedroom, $2,896 for 3 Bedroom, and $3,504 for 4+ Bedroom.
Data provided by Rentometer, Inc.