Rentometer, Inc. | Data as of 01/09/2026
Olympia‑Lacey‑Tumwater forms a vibrant metro hub in the heart of western Washington, offering renters a blend of historic charm, natural beauty, and modern convenience. From the bustling streets of downtown Olympia near the State Capitol and Capitol Lake, to the family‑friendly neighborhoods of Lacey with its award‑winning parks, and the riverfront appeal of Tumwater’s historic downtown and Tumwater Falls, the area attracts a diverse mix of professionals, students, and growing families. The rental market reflects this variety, with apartments ranging from cozy studios in the $1400s to spacious three‑bedroom units in the $2100‑$2200 range, while larger four‑plus bedroom apartments command rents in the $2600s. Single‑family homes also provide attractive options, with studio‑style houses starting in the $1300s and three‑bedroom homes typically listed in the $2500s, and premium larger homes reaching the $3000s.
Whether you’re seeking the walk‑able lifestyle of Olympia’s vibrant arts scene, the suburban tranquility of Lacey’s well‑rated schools, or the scenic waterways and historic districts of Tumwater, the region’s rental inventory accommodates a broad spectrum of preferences and budgets. Renters benefit from strong transit connections, ample green spaces such as Watershed Park, and easy access to major employers, higher‑education institutions, and cultural attractions. This dynamic blend of amenities and competitive rental pricing makes the Olympia‑Lacey‑Tumwater metro area a compelling choice for anyone looking to call the Pacific Northwest home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,495 | $1,475 | $1,200 - $1,750 | $1,399 - $1,625 |
| Apartment | 1 Bedroom | $1,596 | $1,599 | $350 - $2,560 | $1,450 - $1,725 |
| Apartment | 2 Bedroom | $1,894 | $1,850 | $350 - $4,950 | $1,600 - $2,081 |
| Apartment | 3 Bedroom | $2,242 | $2,150 | $1,750 - $2,995 | $2,075 - $2,406 |
| Apartment | 4+ Bedroom | $2,887 | $2,829 | $2,700 - $3,190 | $2,760 - $3,190 |
| House | 1 Bedroom | $1,760 | $1,550 | $1,350 - $2,400 | $1,500 - $2,195 |
| House | 2 Bedroom | $1,925 | $1,950 | $1,100 - $2,700 | $1,795 - $2,200 |
| House | 3 Bedroom | $2,536 | $2,550 | $1,800 - $3,600 | $2,300 - $2,750 |
| House | 4+ Bedroom | $2,971 | $2,990 | $2,200 - $3,549 | $2,775 - $3,150 |
In the current period, the average rent in Olympia-Lacey-Tumwater, WA was $1,495 for Studio, $1,619 for 1 Bedroom, $1,902 for 2 Bedroom, $2,494 for 3 Bedroom, and $2,916 for 4+ Bedroom.
Data provided by Rentometer, Inc.