Arrow Apartments
7415 Hawks Prairie Rd NE,
Lacey, WA 98516
$1,495 - $2,150 Total Monthly Price
Studio - 2 Beds | 12 Month Lease
Located between Olympia and the Nisqually River delta, Lacey combines suburban comfort with natural surroundings. Home to Saint Martin's University, the city features extensive parks and natural areas, including the Billy Frank Jr. Nisqually National Wildlife Refuge. As an EPA-designated Green Power Community, Lacey sources 8.4% of its energy from renewable sources. Current rental trends show moderate stability, with average rents ranging from $1,500 for studios to $2,995 for four-bedroom homes, with most units seeing minimal year-over-year changes between -1% and 0.6%.
Originally named Woodland, Lacey has grown from a small settlement into an established suburban community while preserving its natural environment. Housing options span from newer apartment communities in Hawks Prairie to established neighborhoods near South Sound Center. The city center and the area surrounding Saint Martin's University showcase different aspects of local life. Recognized as a "Tree City USA" for 26 years by the National Arbor Day Foundation, Lacey emphasizes environmental stewardship. The location offers convenient access to Interstate 5 for commuting to Olympia, Joint Base Lewis-McChord, and Tacoma, while Hawks Prairie provides extensive shopping and employment opportunities.
Step into downtown Lacey and you can find unique find trucks for lunch and dinner.
Tanglewilde homes, each exuding character and a warm sense of community.
As of March 2026, the average apartment rent in Lacey, WA is $1,495 for a studio, $1,648 for one bedroom, $1,899 for two bedrooms, and $2,326 for three bedrooms. Apartment rent in Lacey has increased by 0.9% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Lacey, WA is for everyday living.
Car-Dependent
This area is considered a car-dependent area and most errands will require a car.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.