Apartments in 98516

31 - 45 of 45 Results
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$2,095
Lacey, WA
2 BR | Available Now
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Fitness Center
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$2,800
Lacey, WA
3 BR | Available Now
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$1,500
Olympia, WA
2 BR | Available Now
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$2,545
4168 Edgewater Blvd NE Lacey, WA
3 BR | Ask for Availability
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1
$1,995
1421 Lapush Way Unit B NE Lacey, WA
2 BR | Available Now
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Balcony/Deck/Patio
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$3,600
3819 Cameron Dr NE Lacey, WA
4 BR | Available Now
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$3,195
3875 Cameron Dr NE Lacey, WA
3 BR | Available Now
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$3,200
4315 Freemont St NE Lacey, WA
4 BR | Aug. 15, 2026
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$2,095
Lacey, WA
2 BR | Available Now
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$3,125
Lacey, WA
5 BR | Available Now
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1
$2,600
7613 Columbia Way Lacey, WA
3 BR | Aug. 17, 2026
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$2,095
Lacey, WA
2 BR | Sep. 25, 2026
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$2,995
1106 Villanova St Olympia, WA
4 BR | Aug. 19, 2026
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10
$1,475
7917 Martin Way E Olympia, WA
2 BR | Available Now
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$2,000
Olympia, WA
3 BR | Available Now
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How much does it cost to rent an apartment in 98516?

98516 apartments
Bed Type Average Rent Range
1BR $1,950 $1,330 - $2,150
2BR $2,140 $1,490 - $2,400
3BR $2,540 $1,730 - $2,960
4+BR $3,000 $2,800 - $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 185 units available for rent in the 98516 area. The average rent in 98516 is $2,030, with the lowest rent for a 1-bedroom floor plan starting at $1,325.

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:
August Rent Report

Welcome to the August 2026 Lacey Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the August 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

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1 BR       2 BR

Lacey Rent Prices Decrease From July to August

Lacey rent prices decreased over the last month. From July to August, 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 July to August, 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 $.

August 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.

August 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 August 1 BR M/M % Change 2 BR August 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.