Rent by ZIP · Thurston County
Rent in Olympia, WA 98516
HUD's FY2027 Small Area Fair Market Rent for a 2-bedroom here is $2,280 (-1.7% vs FY2026). Renters in this ZIP code pay a median $2,068 a month, including utilities.
Rent by number of bedrooms
| Size | SAFMR FY2027 | FY2026 | Change | Typical voucher range | Census median rent |
|---|---|---|---|---|---|
| Studio | $1,860 | $1,820 | +2.2% | $1,674–2,046 | $1,778 ±$69 |
| 1 bedroom | $1,940 | $1,990 | -2.5% | $1,746–2,134 | $2,062 ±$209 |
| 2 bedrooms | $2,280 | $2,320 | -1.7% | $2,052–2,508 | $2,021 ±$170 |
| 3 bedrooms | $2,980 | $3,090 | -3.6% | $2,682–3,278 | $1,872 ±$368 |
| 4 bedrooms | $3,680 | $3,890 | -5.4% | $3,312–4,048 | $2,713 ±$216 |
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 98516
How rents are spread
Share of renter households paying cash rent, by monthly gross rent (rent plus utilities).
Nearby ZIP codes
| ZIP | Place | 2-bedroom FMR | Census median, 2 bedrooms |
|---|---|---|---|
| 98513 | Olympia | $2,200 | $1,823 |
| 98512 | Olympia | $1,980 | $1,861 |
| 98520 | Aberdeen | $1,330 | $1,112 |
| 98524 | Allyn | $1,510 | – |
| 98506 | Olympia | $1,780 | $1,466 |
| 98526 | Amanda Park | $1,290 | – |
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.