In March of 2016, the average rent of an apartment was $958 in Thurston County. This average was less than King and Kitsap Counties and comparable with Pierce County ($990).
One bedroom apartments in Thurston County rented out for an average of $836 in March of 2016. At the same time, two-bedroom apartments in Thurston County rented out for an average of $911. Rents are at historically high levels, which likely corresponds to recovery from the recession and low vacancy rates.
The vacancy rate for apartments in Thurston County was 3.3%, tied with King County and slightly higher than Pierce County. Over the years, Thurston County has tended to have one of the lower apartment vacancy rates when compared with adjacent metropolitan counties. Since 2010, however, vacancy rates have been slightly lower than or equal to King County (as a result of the strong economy in the Seattle metropolitan region).
Apartment vacancy rates vary from year to year, but have been in overall decline since 2010. In 2015 single-bedroom apartments had a 2.6% vacancy rate (down from 2.9% in 2014), and two-bedroom apartments had a 3.8% vacancy rate (down from 4.1% in 2014).