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Rent by ZIP · Thurston County

Rent in Olympia, WA 98512

HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $1,980 (-0.5% vs FY2026). Renters in this ZIP code pay a median $1,765 a month, including utilities.

Rent by number of bedrooms

SizeSAFMR FY2027FY2026ChangeTypical voucher rangeCensus median rent
Studio$1,610$1,560+3.2%$1,449–1,771$1,456 ±$642
1 bedroom$1,690$1,710-1.2%$1,521–1,859$1,586 ±$141
2 bedrooms$1,980$1,990-0.5%$1,782–2,178$1,861 ±$110
3 bedrooms$2,590$2,650-2.3%$2,331–2,849$1,854 ±$259
4 bedrooms$3,200$3,340-4.2%$2,880–3,520$2,609 ±$757

Small Area FMRs for the Olympia-Lacey-Tumwater, WA MSA. Fair Market Rents include utilities. The voucher range is the typical 90–110% band; your housing authority sets the actual payment standard.

Area-wide FMR for Olympia-Lacey-Tumwater, WA MSA, 2 bedrooms: $1,946.

What renters pay in 98512

Median gross rent$1,765±$71 · all sizes
Renter households3,51228% of occupied homes
No cash rent125households

How rents are spread

Under $1,00014%
$1,000–1,49916%
$1,500–1,99937%
$2,000–2,49921%
$2,500–2,9997%
$3,000–3,4991%
$3,500+2%

Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).

Nearby ZIP codes

ZIPPlace2-bedroom FMRCensus median, 2 bedrooms
98513Olympia$2,200$1,823
98516Olympia$2,280$2,021
98506Olympia$1,780$1,466
98520Aberdeen$1,330$1,112
98503Lacey$1,960$1,722
98502Olympia$1,880$1,671

Fair Market Rents across Thurston County, WA · All WA counties · What is Fair Market Rent?

Sources: HUD Small Area and county Fair Market Rents, FY2027 (effective October 1, 2026); U.S. Census Bureau, 2020–2024 ACS 5-year estimates. Census figures are survey estimates (±90% margin of error) and trail today's market. Place name from GeoNames. About the data.