The Elowen
5224 15th Ave NE,
Lacey, WA 98516
$1,675 - $2,620 Total Monthly Price
1-3 Beds
Rental Market Trends in Lacey, WA
What is the average rent in Lacey, WA?
$1,641/month
Average Rent
676 Sq Ft
Average Apartment Size
-1.2%
Decrease in the Last Year
As of April 2026, the average rent in Lacey, WA is $1,641 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Lacey rent prices are 0% higher than the national average. When you rent an apartment in Lacey, you can expect to pay about $1,532 per month for a studio, $1,641 for a one-bedroom apartment, and around $1,932 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,413 or more.
Floor Plan Type
Average Rent
Average 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 Lacey, WA?
In the past year, rent has decreased by 1.2%, which averages out to $20 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025
2026
Rent Ranges in Lacey, WA
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
6%
$700 - $1,000/month
22%
$1,001 - $1,500/month
57%
$1,501 - $2,000/month
14%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Lacey?
Based on current rent prices, Aldea Glen, The Park and East Olympia are the most affordable neighborhoods in Lacey.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Lacey?
Based on current rent prices, East Olympia, Aldea Glen and The Park are the most expensive neighborhoods in Lacey.
Neighborhood
Average Rent
Average Sq Ft
Which Lacey neighborhoods have the most rentals available?
The neighborhoods in Lacey with the most apartments available are East Olympia, Aldea Glen and The Park .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Lacey, WA?
Because the average rent in Lacey is $1,641, you’ll want to make about $5,470 per month or $65,640 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.
Studio
-
$1,531/month
One Bedroom
-
$1,624/month
Two Bedroom
-
$1,938/month
Three Bedroom
-
$2,429/month
Nearby City Rent Trends
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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 February 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.