Data Tables
Explanation
The average rent for an apartment in Thurston County in 2023 was $1,595. The average rent for a one-bedroom apartment in 2023 was $1,423 while a two-bedroom apartment was $1,667. After adjusting for inflation, average apartment rent in 2022 was 52% higher than average apartment rent in 2001.
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 2023 (5.2%). This indicates a limited supply of housing continues to exist.
NOTE: Because of changes of methodology, 2018-2022 data is not directly comparable to data from previous years, and 2023 data and later are not comparable to past years. For more information, read the "Data and Methods" section on each report.
Source
University of Washington: Runstad Center for Real Estate Studies