Hearthstone Place
512 Franz Anderson Rd SE,
Olympia, WA 98501
Studio - 2 Beds | $1,475 - $1,910
Rental Market Trends in Lacey, WA
Updated July 2026
The average rent in Lacey, WA is $1,639/month.
Rent in Lacey is roughly equal to the national average rent of of $1,663/month.
$1,639/month
Average Rent
676 Sq Ft
Average Size
-1.2%
Change / Year
683
Available Apartments
Lacey rent varies by unit size and layout:
- Studio apartments in Lacey average $1,529 per month.
- One-bedroom apartments in Lacey average $1,639 per month.
- Two-bedroom apartments in Lacey average $1,959 per month.
- Three-bedroom apartments in Lacey average $2,438 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Lacey, WA?
In the past year, rent has decreased by 1.2%, which averages out to $19 less per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Lacey, WA
July 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
6%
$700 - $1,000/month
20%
$1,001 - $1,500/month
56%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Lacey?
Based on current rent prices, East Olympia is the most affordable neighborhood in Lacey.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lacey?
Based on current rent prices, East Olympia is the most expensive neighborhood in Lacey.
Neighborhood
Average Rent
Average Sq Ft
Which Lacey neighborhoods have the most rentals available?
The neighborhood in Lacey with the most apartments available is East Olympia .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lacey, WA?
Because the average rent in Lacey is $1,639, you’ll want to make about $5,463 per month or $65,556 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.
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.
View the Lacey Area GuideStudio
$1,518/month
$1,518/month
One Bedroom
$1,648/month
$1,648/month
Two Bedroom
$1,965/month
$1,965/month
Three Bedroom
$2,449/month
$2,449/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
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Frequently Asked Questions
What is the average rent in Lacey?
The average rent in Lacey is $1,639 per month, which is 1.4% lower than the national average of $1,663.
What is the average rent for a house in Lacey?
The average rent for a house in Lacey, WA is $2,684 per month.
Are rents going up or down in Lacey?
Rents in Lacey, WA are decreasing, with prices down 1.2% year-over-year and $19 less per month.
What rent range is most common in Lacey?
In Lacey, WA, 56% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.