Apartments in 98516

21 rentals

Apartments For Rent Near 98516

We found 30 more apartments matching your filters just outside 98516

Average Rent Trends in 98516

Rent in 98516 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in Dec 2025.
MonthAverage rent
Sep 2025$1,810
Oct 2025$1,596
Nov 2025$1,592
Dec 2025$2,043
Jan 2026$1,774
Feb 2026$1,923
Mar 2026$1,832
Apr 2026$1,835
May 2026$1,993
Jun 2026$1,804
Jul 2026$1,798
Aug 2026$1,832
View as a graph

Average Rent By Bedroom and Home Type

In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,762$2,049$2,600$2,895$2,500
Townhomes$1,265$1,975$2,700$2,595$2,200
Apartments and Condos—$1,995—$2,695$1,995
Houses—$2,350$2,600$2,995$2,875

Frequently Asked Questions about Apartments and Condos for rent in 98516

  • What is the average rent of an apartment in 98516?
    The average rent of an apartment in 98516 is $1,747 per month. This is about 11% lower than the national average.
  • When is the average rent for an apartment cheapest in 98516?
    In the last year, the average rent in 98516 was lowest in Jul 2025 when it was $1,539 per month.
  • When is the average rent for an apartment most expensive in 98516?
    In the last year, the average rent in 98516 was highest in Dec 2025 when it was $2,043 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 98516?
    The average rent of a 1 bedroom apartment in 98516 is $1,484 per month. That is about $100 less than the cost of a studio apartment.
  • How many apartments or condos are available to rent in 98516?
    There are 22 available apartments or condos to rent in 98516.
  • What are some cities near 98516?
    Some nearby cities include: Lacey, Dupont, Longbranch, Olympia, Nisqually Indian Community, Steilacoom. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 98516 - 462 Apartamentos | Trulia