The average rent for an apartment in Thurston County in 2021 was $1,162 - less than the peak rent seen in 2018 and 2019 when adjusted for inflation. The average rent for a one-bedroom apartment in 2021 was $1,210 while a two-bedroom apartment was $1,28.
After converging in 2018, the vacancy rate for apartments in Pierce, Thurston, and King diverged once more. Of the three counties, Thurston County had the lowest apartment vacancy rate in 2021 (3.4%). This indicates a limited supply of housing continues to exist.
NOTE: Because of a change of methodology, 2018-2020 data is not directly comparable to data from previous years. For more information, read the "Data and Methods" section on the original report
University of Washington: Runstad Center for Real Estate Studies