University Place, Washington Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the University Place, Washington rental market.
University Place, Washington
Average Apartment Rent
$1,703
Y-o-Y Change in Average
Apartment Rent
8.3%
As of March 2026
Compared to a year ago, University Place, Washington apartments have recorded a 8.3% rent increase.
University Place, Washington Average apartment rent trend
University Place, Washington Average Apartment Rent
University Place, Washington Apartment rent ranges
At 45.37%, apartments priced $1,500 - $2,000 represent the bulk of University Place, Washington rentals, while condos priced Over $3,000 hold the lowest share of the market – 1.01%.
University Place, Washington Housing tenure**
Renters take up 42% of University Place, Washington real estate, occupying a total of 5,697 units, while homeowners live in 7,985 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$58,241
Average household size of renter-occupied housing units**
2.27
Rental vacancy rate**
4.7%
University Place, Washington Renter-occupied housing units by no. of bedrooms**
There are 2,916 rentals in University Place, Washington with 2 beds making up the highest share of the market, at 51%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 161 units. Overall, the median number of rooms in University Place, Washington homes for rent is 4.
University Place, Washington Renter-occupied units by age of householder**
Most condos for rent in University Place, Washington are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (21%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
University Place, Washington Renter-occupied housing units by family type**
University Place, Washington Renter-occupied housing units by the presence of own children**
A total of 2,844 apartments for rent in University Place, Washington, or 50% of all rentals are family households. Additionally, 30% of rental homes include children under the age of 18 – that’s 1,684 units. All in all, the median size of a renter-occupied household in University Place, Washington is 2.27.
University Place, Washington Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 29% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in University Place, Washington.
University Place, Washington Renter-occupied units by year structure built**
The highest share of University Place, Washington apartment rentals, namely 30% or 1,706 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (21%, 1,219 units), and the ones Built 1990 - 1999 (17%, 993 units).
University Place, Washington Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most University Place, Washington renters (42%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their University Place, Washington condos for rent is 2017.
University Place, Washington Renter-occupied housing units by vehicles available**
When it comes to transportation options, 47% of University Place, Washington renters have 1 vehicle available per household, 36% of them have 2 vehicles available, and 8% have No vehicle available.
University Place, Washington Means of transportation to work of householders living in renter-occupied housing units**
University Place, Washington Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all University Place, Washington apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
