University Place shares many of the great qualities that make Washington a desirable place to live.
Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.
There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.
A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.
As of October 2026, University Place's rental market is balanced, with rentals spending about 34 days on the market, slower than in Washington (31), and rents down 2.6% over the past year. University Place's average rent is 2.1% ($45) lower than the Washington average of $2,139 and 0.6% ($12) higher than the U.S. average of $2,082.
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,585 | 0.14% ($2) | 3.2% ($52) |
| 2 Beds | $1,967 | 0.55% ($11) | 3.1% ($62) |
| 3 Beds | $2,845 | 0.52% ($15) | 0.4% ($12) |
| Nearby Cities | Average Rent | Avg. Rent vs. University PlaceAverage Rent vs. University Place | Days on Market |
|---|---|---|---|
| Lakewood | $1,671 | 20.2% ($423) | 29 days |
| Tacoma | $1,862 | 11.1% ($232) | 34 days |
| Steilacoom | $2,217 | 5.9% ($123) | 31 days |
| Fox Island | $2,586 | 23.5% ($492) | 31 days |
| Fife | $2,090 | 0.2% ($4) | 31 days |
Explore rental prices, market conditions, and affordability in University Place, WA.
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