Apartments in 98466

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7406 31st St Ct W University Place, WA
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How much does it cost to rent an apartment in 98466?

98466 apartments
Bed Type Average Rent Range
Studio $1,400 $880 - $1,400
1BR $1,550 $1,240 - $1,700
2BR $1,720 $1,560 - $2,280
3BR $2,200 $1,590 - $2,930
4+BR $2,310 $1,330 - $3,300
Find an Apartment in 98466
Looking for apartments for rent in 98466 University Place, WA? Rentable provides rental information for this area. Currently, there are 108 units available for rent in the 98466 zip code. The average rent in this area is $1,700, and you can find studio units starting at $875.

University Place, WA offers a variety of attractions, including beautiful parks and proximity to Tacoma. Residents can enjoy exploring Chambers Bay Park, which features stunning waterfront views and walking trails. This area also offers convenient access to local schools, shopping centers, and restaurants.

If you're looking for apartments near 98466, Rentable has a wide selection of rentals in this area. Whether you're seeking a cozy studio or a spacious family home, you can find it in the 98466 zip code. Start your search now and find the perfect place to call home in University Place, WA.

University Place:
November Rent Report

Welcome to the November 2024 University Place Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 key findings and figures for the University Place rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in University Place and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of University Place average rent prices in the chart below.

Monthly Rent Report

$2,050
$1,540
$1,030
$510
$0
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
May. 2024
Jun. 2024
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
1 BR       2 BR

University Place Rent Prices Increase From October to November

University Place rent prices increased over the last month. From October to November, the city experienced a 0.06% increase for the price of a one-bedroom apartment. The rent price for a University Place one-bedroom apartments currently stands at $1,586.0.

When we take a look at the two-bedroom comparison from October to November, University Place experienced a 2.65% increase for the price of a two-bedroom apartment. The rent price for a University Place two-bedroom apartments currently stands at $1,936.0.

November Prices: University Place vs. Surrounding Areas

Rent Prices in University Place and Surrounding Areas

Rent prices have increased in University Place over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the University Place suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the University Place suburbs

  • Rents did not decrease in any of the University Place suburbs.

November 2024 Pricing Trends: University Place vs. National Comparisons

New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$4,211
$3,115
$2,373
$2,354
$1,903
$1,338
$1,246
$1,202
$0
$1,400
$2,800
$4,200
$5,600
Median Rent

University Place Rent Prices More Affordable Than Major Cities

Rent growth in University Place over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, University Place average rent prices appear to be relatively affordable for local residents.

The price for a University Place one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about University Place and surrounding area rent prices, take a look at the complete data set below.

Data set for University Place and suburbs

1 BR November 1 BR M/M % Change 2 BR November 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.