Apartments in 98516

1 - 27 of 27 Results
30
$1,820 - 2,225
7127 32nd Ave NE Lacey, WA
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Disability Access
Pool
19
$1,700 - 1,900
Olympia, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
In Unit Laundry
Balcony/Deck/Patio
27
$1,695 - 1,976
8825 Martin Way E Lacey, WA
1 - 2 BR | Available Now
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Surface Parking
In Unit Laundry
Fitness Center
Storage
Dishwasher
8
$1,215 - 1,668
1110 Copper Wood Ln SE Lacey, WA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Air Conditioning
In Unit Laundry
Balcony/Deck/Patio
40
$1,564 - 2,096
9320 Windsor Ln NE Olympia, WA
1 - 2 BR | Available Now
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Luxury
Air Conditioning
Covered Parking
In Unit Laundry
Balcony/Deck/Patio
28
$1,623 - 2,787
5499 15Th Ave Lacey, WA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Air Conditioning
Covered Parking
1
$2,450
7214 Hayworth Ave Lacey, WA
3 BR | Available Now
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House
Disability Access
Dishwasher
16
$1,550
Olympia, WA
2 BR | Available Now
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17
$2,495
Lacey, WA
3 BR | Ask for Availability
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House
In Unit Laundry
Dishwasher
19
$2,450
Lacey, WA
4 BR | Ask for Availability
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House
In Unit Laundry
Dishwasher
1
$2,450
Lacey, WA
3 BR | Available Now
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House
Storage
Dishwasher
Hawks Prairie
1
$1,475 - 1,550
Olympia, WA
2 BR | Available Now
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Disability Access
1
$2,500
7608 Traditions Ave Lacey, WA
3 BR | Available Now
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Dog Friendly
House
Storage
Dishwasher
1
$3,600
4237 Caddyshack Dr NE Lacey, WA
4 BR | Available Now
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House
Storage
27
$2,750
Lacey, WA
4 BR | Apr. 1, 2026
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Dog Friendly
Cat Friendly
House
Dishwasher
10
$1,295 - 1,525
7917 Martin Way E Olympia, WA
1 - 2 BR | Available Now
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Dog Friendly
Cat Friendly
1
$2,650
Lacey, WA
3 BR | Available Now
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House
Storage
Dishwasher
50
$1,895 - 2,655
Lacey, WA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Dishwasher
2
$2,800
Lacey, WA
4 BR | Ask for Availability
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House
1
$1,750
Lacey, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
0
$2,095
Lacey, WA
2 BR | Apr. 13, 2026
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
0
$2,095
Lacey, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
1
$2,975
Lacey, WA
4 BR | Jun. 1, 2026
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House
Dishwasher
0
$2,245
Lacey, WA
2 BR | Apr. 10, 2026
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
0
$2,095
Lacey, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Fitness Center
Dishwasher
1
$2,500
Lacey, WA
3 BR | Available Now
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Dog Friendly
House
Hawks Prairie
$2,000
Olympia, WA
3 BR | Available Now
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Dog Friendly
Cat Friendly
Dishwasher
1 - 27 of 27 Results
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How much does it cost to rent an apartment in 98516?

98516 apartments
Bed Type Average Rent Range
1BR $1,780 $1,300 - $1,980
2BR $2,030 $1,520 - $2,300
3BR $2,450 $1,730 - $2,650
4+BR $2,800 $2,450 - $3,600
Find an Apartment in 98516
Looking for apartments for rent in 98516 Lacey, WA? Rentable has a variety of rental options available in this zip code. Currently, there are 97 units available for rent in the 98516 area. The average rent in 98516 is $1,950, with the lowest rent for a 1-bedroom floor plan starting at $1,295.

One of the top neighborhoods in the 98516 zip code is Hawks Prairie, offering a desirable location with nearby points of interest and amenities. Residents in this area can easily access parks for outdoor activities or enjoy the surrounding community amenities.

If you are looking for apartments near 98516, take a look at Rentable's listings in this area and find the perfect rental for your needs.

Lacey:
March Rent Report

Welcome to the March 2026 Lacey Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2026 key findings and figures for the Lacey rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Lacey and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Lacey average rent prices in the chart below.

Monthly Rent Report

$2,200
$1,650
$1,100
$550
$0
Apr. 2025
May. 2025
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
1 BR       2 BR

Lacey Rent Prices Decrease From February to March

Lacey rent prices decreased over the last month. From February to March, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Lacey one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from February to March, Lacey experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Lacey two-bedroom apartments currently stands at $.

March Prices: Lacey vs. Surrounding Areas

Rent Prices in Lacey and Surrounding Areas

Rent prices have decreased in Lacey over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Lacey suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Lacey suburbs

  • Rents did not decrease in any of the Lacey suburbs.

March 2026 Pricing Trends: Lacey vs. National Comparisons

Lacey Rent Prices More Affordable Than Major Cities

Rent growth in Lacey over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Lacey average rent prices appear to be relatively affordable for local residents.

The price for a Lacey one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Lacey and surrounding area rent prices, take a look at the complete data set below.

Data set for Lacey and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.