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Rental Market Trends in Elma, WA

What is the average rent in Elma, WA?

$761/month

Average Rent

642 Sq Ft

Average Apartment Size

+0.8%

Increase in the Last Year

As of November 2025, the average rent in Elma, WA is $761 per month. This is 53% lower than the national average rent of $1,630/month, making renting in Elma more affordable than most cities in the US. When you rent an apartment in Elma, you can expect to pay about per month for a studio, $761 for a one-bedroom apartment, and around $978 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,364 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$761/month
642 Sq Ft
Two Bedroom
$978/month
1,023 Sq Ft
Three Bedroom
$1,364/month
1,120 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Elma, WA?

In the past year, rent has increased by 0.8%, which averages out to $7 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time

What salary do I need to live comfortably in Elma, WA?

Because the average rent in Elma is $761, you’ll want to make about $2,536 per month or $30,432 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Elma, WA

2 Available Apartments for Rent

Search for Nearby Apartments

How does Elma, WA compare to other nearby cities and neighborhoods?

Use the tool below to compare Elma, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • Aberdeen Average Rent

Apartment communities in Elma we think you'll love

615 W Main St

615 W Main St

615 W Main St,
Elma, WA 98541

$1,995

3 Beds

420 N 16th St

420 N 16th St

420 N 16th St,
Elma, WA 98541

$1,000

1 Bed

Heather Meadows Apartments

Heather Meadows Apartments

1715 S Boone St,
Aberdeen, WA 98520

$1,225 - $1,325

2 Beds

8031 Dagny St SW

8031 Dagny St SW

8031 Dagny St SW,
Olympia, WA 98512

$2,840

4 Beds

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United States Washington Elma Rental Trends

Methodology

† 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 November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity