Apartments in 98503

39 rentals

Apartments For Rent Near 98503

We found 30 more apartments matching your filters just outside 98503

Average Rent Trends in 98503

Rent in 98503 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in May 2026 compared to the previous month. Rent previously peaked in Aug 2025.
MonthAverage rent
Jun 2025$1,497
Jul 2025$1,805
Aug 2025$1,920
Sep 2025$1,854
Oct 2025$1,545
Nov 2025$1,665
Dec 2025$1,679
Jan 2026$1,648
Feb 2026$1,646
Mar 2026$1,580
Apr 2026$1,616
May 2026$1,770
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
1 bed2 beds3 beds4 bedsAll
All home types$1,610$1,820$2,517$2,900$1,999
Townhomes$1,900$2,185$2,695$2,450$2,695
Apartments and Condos$1,250$1,780$1,850—$1,600
Houses—$1,750$2,578$2,795$2,625

Frequently Asked Questions about Apartments and Condos for rent in 98503

  • What is the average rent of an apartment in 98503?
    The average rent of an apartment in 98503 is $1,804 per month. This is about 6% lower than the national average.
  • When is the average rent cheapest in 98503?
    In the last year, the average rent in 98503 was lowest in Jun 2025 when it was $1,497 per month.
  • When is the average rent most expensive in 98503?
    In the last year, the average rent in 98503 was highest in Aug 2025 when it was $1,920 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 98503?
    The average rent of a 1 bedroom apartment in 98503 is $1,463 per month. That is about $6 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 98503?
    There are 40 available apartments or condos to rent in 98503.
  • What are some cities near 98503?
    Some nearby cities include: Lacey, Olympia, Tumwater, Nisqually Indian Community, Dupont, Fort Lewis. These cities may have more rental options to explore.