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Rental Market Trends in Lacey, WA

What is the average rent in Lacey, WA?

$1,653/month

Average Rent

676 Sq Ft

Average Apartment Size

+3.2%

Increase in the Last Year

As of October 2025, the average rent in Lacey, WA is $1,653 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means Lacey rent prices are 1% higher than the national average. When you rent an apartment in Lacey, you can expect to pay about $1,519 per month for a studio, $1,653 for a one-bedroom apartment, and around $1,909 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,351 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,519/month
492 Sq Ft
One Bedroom
$1,653/month
676 Sq Ft
Two Bedroom
$1,909/month
966 Sq Ft
Three Bedroom
$2,351/month
1,307 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,080/month
1,087 Sq Ft
Three Bedroom
$2,678/month
1,792 Sq Ft
Four Bedroom
$2,975/month
2,314 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 Lacey, WA?

In the past year, rent has increased by 3.2%, which averages out to $53 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 October 2025
Legend
2024 2025
Market Trends Over Time

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Lacey?

Based on current rent prices, East Olympia is the most affordable neighborhood in Lacey.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Olympia
$1,751/month
691 Sq Ft

What are the most expensive neighborhoods in Lacey?

Based on current rent prices, East Olympia is the most expensive neighborhood in Lacey.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Olympia
$1,751/month
691 Sq Ft

Which Lacey neighborhoods have the most rentals available?

The neighborhood in Lacey with the most apartments available is East Olympia .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
East Olympia
$1,751/month
691 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Lacey is $1,653, you’ll want to make about $5,510 per month or $66,120 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

Lacey, WA

698 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Lacey, 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.

Explore the Area Guide for Lacey, WA

Apartment Averages

East Olympia

Lacey, WA

East Olympia

Lacey, WA

Studio
$1,514/month
$1,514/month
One Bedroom
$1,632/month
$1,632/month
Two Bedroom
$1,910/month
$1,910/month
Three Bedroom
$2,363/month
$2,363/month
Search
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Nearby City Rent Trends

  • Olympia Average Rent
  • Dupont Average Rent

Apartment communities in Lacey we think you'll love

The Marq on Martin Apartments

The Marq on Martin Apartments

8515 Litt Dr SE,
Lacey, WA 98516

$1,530 - $2,145

Studio - 2 Beds

Arrow Apartments

Arrow Apartments

7415 Hawks Prairie Rd NE,
Lacey, WA 98516

$1,500 - $2,095

Studio - 2 Beds

Lacey Park Apartments

Lacey Park Apartments

5001 College St SE,
Lacey, WA 98503

$1,400 - $1,995

Studio - 2 Beds

Toscana Apartment Homes

Toscana Apartment Homes

6979 Birdseye Ave NE,
Lacey, WA 98516

$1,525 - $2,140

Studio - 2 Beds

Property Management Companies in Lacey, WA

Olympic Management Company
Olympic Management Company
  • 58

    Communities

  • 5,092

    Units

  • 22

    Cities

7 Communities in Lacey
Greystar
Greystar
  • 3,433

    Communities

  • 948,182

    Units

  • 872

    Cities

4 Communities in Lacey
Security Properties, Inc.
Security Properties, Inc.
  • 56

    Communities

  • 13,485

    Units

  • 32

    Cities

3 Communities in Lacey
Westdale
Westdale
  • 101

    Communities

  • 26,802

    Units

  • 48

    Cities

2 Communities in Lacey
11Residential
11Residential
  • 31

    Communities

  • 3,120

    Units

  • 26

    Cities

2 Communities in Lacey
Targa Real Estate Services
Targa Real Estate Services
  • 63

    Communities

  • 4,058

    Units

  • 20

    Cities

2 Communities in Lacey
Woodspear Properties
Woodspear Properties
  • 23

    Communities

  • 2,901

    Units

  • 13

    Cities

2 Communities in Lacey
Grandview Management Services
Grandview Management Services
  • 20

    Communities

  • 1,745

    Units

  • 11

    Cities

2 Communities in Lacey

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United States Washington Lacey 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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity