Long-term Rental Rates — August 2026 · ZIPs: 98335,98466
Local market data by Estaite
As of August 2026, rental prices in University Place / Gig Harbor, WA range from $1,505 to $3,771 per month depending on property type and bedroom count.
The most notable year-over-year change was a decrease of 8.55% in 3BR apartment rents in University Place / Gig Harbor, WA.
For 1BR rentals, single-family homes have a median rent of $2,008, while 1BR apartments are notably lower at $1,505.
What is the typical rent range in University Place / Gig Harbor, WA?
As of August 2026, rents in University Place / Gig Harbor, WA vary from $1,505 for a 1BR apartment up to $3,771 for a 4BR condo/townhome.
How does the rent compare between apartments and single-family homes for the same bedroom count in University Place / Gig Harbor, WA?
For 1BR units, single-family homes rent for $2,008 per month, while apartments rent for $1,505 per month—a premium of $503 for single-family homes.
Which property and bedroom combination is most expensive in University Place / Gig Harbor, WA?
The highest median rent is $3,771 for a 4BR condo/townhome as of August 2026.
Is there a bedroom count where one property type significantly leads others in University Place / Gig Harbor, WA?
At the 4BR level, condo/townhomes lead with a median rent of $3,771, surpassing both apartments at $3,756 and single-family homes at $3,408.
University Place / Gig Harbor, WA
August 2026
98335,98466
Long-term Rental Rates
Apartment
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,430 – $1,580
-10.76%
-6.62%
2-Bedroom
$1,867 – $2,063
4.02%
5.82%
3-Bedroom
$2,236 – $2,472
-4.71%
-8.55%
4-Bedroom
$3,706 – $3,797
0.91%
-0.58%
Condo/Townhome
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,687 – $1,774
-1.13%
-1.36%
2-Bedroom
$2,028 – $2,132
-0.79%
0.71%
3-Bedroom
$2,739 – $2,909
0.81%
0.69%
4-Bedroom
$3,697 – $3,819
0.59%
-1.03%
Single-Family
Unit Type
Price
1 Mo Change
1 Yr Change
1-Bedroom
$1,958 – $2,058
-0.60%
0.01%
2-Bedroom
$2,263 – $2,427
-3.65%
-7.17%
3-Bedroom
$2,699 – $3,014
-3.44%
-6.54%
4-Bedroom
$3,282 – $3,534
0.83%
-3.82%
Data updated: September 22, 2026
University Place / Gig Harbor Rental Trends
In the University Place / Gig Harbor (98335, 98466) rental market, 2-bedroom apartments recorded a 10.78% year-over-year increase, reaching a median rent of $1,988 in June 2026. This segment’s annual growth outpaces all other apartment sizes, marking it as the fastest riser in the current cycle.
The 3-bedroom single-family segment in University Place / Gig Harbor (98335, 98466) posted a median rent of $3,121, exactly $485 above 3-bedroom apartments at $2,636. Notably, single-family homes in this category saw a 5.16% rent increase year-over-year, underscoring their relative price climb during the period.
With a median of $1,730, 1-bedroom condos in the area exceed apartments by $90, and University Place / Gig Harbor (98335, 98466) rental trends show a 1.03% month-over-month decline for the condo segment. Meanwhile, 1-bedroom apartments declined by 3.02% over the same timeframe, showing sharper short-term decreases.