Townhomes For Rent in 98516

4 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 increased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
MonthAverage rent
Jun 2025$2,269
Jul 2025$2,695
Aug 2025$2,550
Sep 2025$2,475
Oct 2025$2,195
Nov 2025$2,350
Dec 2025$2,195
Jan 2026$2,495
Feb 2026$2,450
Mar 2026$2,550
Apr 2026$1,850
May 2026$2,100
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,722$2,120$2,625$2,995$2,237
Townhomes$1,248$1,680$2,100$2,500$2,100
Apartments and Condos$2,211$3,000—$2,500$2,500
Houses$2,200$2,325$2,700$2,995$2,899

Frequently Asked Questions about Townhomes for rent in 98516

  • What is the average rent of a townhome in 98516?
    The average rent of a townhome in 98516 is $2,100 per month. This is about 9% higher than the national average.
  • When is the average rent cheapest in 98516?
    In the last year, the average rent in 98516 was lowest in Oct 2025 when it was $2,195 per month.
  • When is the average rent most expensive in 98516?
    In the last year, the average rent in 98516 was highest in Jul 2025 when it was $2,695 per month.
  • How many townhomes are available to rent in 98516?
    There are 6 available townhomes 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.