Last updated
Average Rent in Lacey 98516 & Rent Trends
Rent prices and market trends across 3 apartment communities in Lacey 98516, Lacey, WA. Updated daily.
Market Average
$2,051/mo
Lowest Available
$1,491/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
56
available now
Rent Watch: cuts and increases
Open Rent Watch →See current options while we confirm new price comparisons. Filter by bedrooms and budget, then inspect each building’s history.
Lacey 98516 vs Lacey, WA Average
Lacey 98516 is more expensive than the Lacey, WA average by $104/mo (5%). The citywide average is $1,947/mo across all neighborhoods.
Is Rent Going Up or Down in Lacey 98516?
As of October 2026, the average rent in Lacey 98516 is $2,051 per month across 3 apartment communities and 56 available units.
The most affordable option is Copper Wood starting at $1,491/mo. By unit type, a studio averages $1,891/mo, a 1-bedroom averages $1,933/mo, a 2-bedroom averages $2,082/mo, a 3-bedroom averages $2,336/mo.
Prices range from $1,491 to $2,757 per month. The most common price point is the $2,000 range, where 20 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Lacey 98516
Rent Prices by Apartment in Lacey 98516
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Copper Wood | $1,491/mo | $1,620/mo | 7 | 3.7 |
| Toscana Apartment Homes | $1,663/mo | $1,977/mo | 24 | 4.3 |
| Modera Lacey | $1,928/mo | $2,243/mo | 25 | 4.1 |
Frequently Asked Questions About Rent in Lacey 98516
What is the average rent in Lacey 98516?
Is rent going up or down in Lacey 98516?
What is the cheapest apartment in Lacey 98516?
How much is a 1-bedroom apartment in Lacey 98516?
How many apartments are available in Lacey 98516?
What salary do I need to live comfortably in Lacey 98516?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$82,000/year
Based on the 30 percent rule, using our tracked average rent of $2,051/mo.
Comfortable income
$98,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,491/mo), you need to earn at least $60,000/year.
Median household income in Lacey 98516 is $87,277 , about 11% below the comfortable-living threshold.
Cost of living in Lacey 98516
Overall prices in Lacey 98516 runs above the national average by about 6% (BEA Regional Price Parity index 106.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Lacey 98516's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,051 |
| Utilities | $541 |
| Groceries | $567 |
| Transportation | $1,290 |
| Healthcare | $630 |
| Other goods and services | $1,007 |
| Estimated total | $6,086/mo |
Population
57,088
Median household income
$87,277
Census median rent
$1,805/mo
Census rent burden
32.4%
Median age
37.7
Mean commute
26 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Lacey 98516 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Lacey 98516 Apartments
Browse all 3 communities with daily-updated pricing and availability.