7

Studio Apartments for Rent in Lacey, WA

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  • /43

    Starting at $1,550

    Total Monthly Price

    • Studio - 2 Beds

    7415 Hawks Prairie Rd NE, Lacey, WA 98516

    Arrow's cozy, residential location in Lacey offers both a sense of seclusion and community connectivity, with various everyday conveniences just a short distance away. From dining and shopping to beautiful waterfront parks, woodland hikes, and extensive nature preserves, you'll have access to everything you need to enjoy an active and fulfilling lifestyle.

    Arrow Apartments

    (833) 436-0888

    7415 Hawks Prairie Rd NE, Lacey, WA 98516
  • /57

    Starting at $1,400 Per Month

    • Studio - 2 Beds

    5001 College St SE, Lacey, WA 98503

    Military Discount 5% $100 Security Deposit OACFREE INTERNET & CABLE TV !Pet Spa is now Open! There is no charge to use the pet spa! Residents can bring furry family members for an easy wash and dry!Welcome to Lacey Park Apartments! Conveniently located near shopping, pharmacy, food centers, schools, a main bus line, and a trail head. We are comfortably tucked back in a

    Lacey Park Apartments

    (360) 515-3837

    5001 College St SE, Lacey, WA 98503
  • /29

    Starting at $1,620 Per Month

    • Studio - 2 Beds

    6979 Birdseye Ave NE, Lacey, WA 98516

    Experience Toscana, a unique apartment home community in Lacey Washington - in the heart of the Puget Sound. Its ideal location offers a multitude of local shopping, dining and entertainment choices. With easy access to I-5, you'll be able to experience all the Pacific Northwest has to offer. Apply Now.

    Toscana Apartment Homes

    (360) 995-1079

    6979 Birdseye Ave NE, Lacey, WA 98516
  • /41

    Starting at $1,466

    Total Monthly Price

    • Studio - 3 Beds

    6655 Britton Pkwy NE, Lacey, WA 98516

    Offering fabulous new Lacey, WA apartments for rent! Our pet-friendly studio, one-, two-, and three-bedroom apartments are perfectly appointed, with in-demand features and upgraded amenities like full-size washers and dryers, quartz countertops, and stainless steel appliances, while our resident clubhouse with fitness center, complimentary coffee, and an outdoor pool are perfect for relaxing and

    Britton Place

    (360) 634-0968

    6655 Britton Pkwy NE, Lacey, WA 98516
  • /23

    Starting at $1,499 Per Month

    • Studio - 3 Beds

    7625 19th Ln SE, Lacey, WA 98503

    Experience the perfect blend of quality, comfort, and convenience in our selection of brand-new and classic cozy apartments and townhomes for rent. Choose from thoughtfully designed one, two, and three-bedroom floor plans to suit your lifestyle.Our Brand-New Homes feature: ceiling fans for year-round comfort, a fully equipped kitchen with stainless steel appliances, solid surface

    Lakeview Village

    (360) 763-0579

    7625 19th Ln SE, Lacey, WA 98503
  • /23

    Starting at $1,485 Per Month

    • Studio - 2 Beds

    8515 Litt Dr SE, Lacey, WA 98516

    Part of the Your Tour, Your Way™ program. It’s your apartment and you are welcome to tour in a way that makes you feel most at home. Whether you prefer to take a self-guided tour on your own, be accompanied by one of our leasing professionals or take a live video tour from the comfort of your home, we have options that will work for you! Welcome to The Marq on Martin! Our apartments for rent in

    The Marq on Martin Apartments

    (360) 995-1737

    8515 Litt Dr SE, Lacey, WA 98516
  • /50

    Starting at $1,665 Per Month

    • Studio - 2 Beds

    8675 Litt Dr SE, Lacey, WA 98516

    Enjoy a clubhouse packed with recreation, from lounges with big screens and billiards to a resort-style pool and spa, or kick back in your modern living space. With upscale equestrian-inspired vibes and stylish studio, one- and two-bedroom floor plans, you’ll be off to the races

    Martingale Apartments

    (360) 529-3444

    8675 Litt Dr SE, Lacey, WA 98516

Why Live in Lacey

Lacey's extensive network of parks and trails creates an active, nature-focused lifestyle just 60 miles south of Seattle. The Lacey-Thurston County Regional Athletic Complex features multiple sports fields and walking trails, while Woodland Creek Community Park serves as a community hub with Long's Pond and miles of scenic paths. The Nisqually National Wildlife Refuge provides exceptional birdwatching along the river delta. Residents enjoy swimming and volleyball at Long Lake Park, plus summer concerts at Huntamer Park downtown. The Karen Fraser Woodland Trail connects neighborhoods through lush Pacific Northwest forests.

The real estate landscape in Lacey includes diverse options across distinct neighborhoods. Single-family homes comprise the primary housing stock, with a median price of $530,000. The Hawks Prairie area commands a median single-family home price of $565,000, while Indian Summer reaches $777,500. Townhomes have a median price of $390,000, and two-bedroom condos typically sell for $320,000. The overall median sale price in Lacey is $515,000.

Homeowners benefit from Washington's lack of state income tax, except for capital gains which are taxed at 7%. The effective property tax rate in Thurston County is 0.9%. The combined sales tax rate reaches 9.43%. Top-rated schools include NOVA Middle School and Pope John Paul II High School. Saint Martin's University adds a collegiate presence. Joint Base Lewis-McChord lies 15 miles north, making Lacey popular with military families. The mild climate sees summer temperatures between 75-80°F and winter temperatures from 35-45°F, with 50 inches of annual rainfall primarily between October and April.

Frequently Asked Questions

How much does it cost to rent a home in Lacey, WA?
The median rent for a home in Lacey, WA is $2,625 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Lacey, WA?
To comfortably afford the median rent in Lacey, WA, a household needs to earn roughly $105,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,625 per month in Lacey, WA, renters typically need to show $7,875 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Lacey, WA?
In Lacey, WA, the price-to-rent ratio is 16.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Lacey, WA are best for renting a home?
The best neighborhood for renting in Lacey, WA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Downtown Olympia and South End, each with its own character and price range.

Rental Home Trends in Lacey, WA

Rental Home Trends

Number of Homes for Rent
7
Median Rent
$2,625
Median Single Family Home Rent
$2,700
Median Townhouse Rent
$2,473
Median Condo Rent
$2,070
How to Rent a Home