Cheap Apartments for Rent in the Olympia Neighborhood of Columbia, SC from $500 (84 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Olympia area of Columbia.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Palms on Main
Rent Specials
$1,242 - $2,371
Total Monthly Price

Total Monthly Price

Base Rent
$1,242 - $2,371
Total Monthly Price
$1,242 - $2,371
1 to 2 Bedroom Apartments Available Now

The Palms on Main

1155 Lady StColumbia, SC 29201
Furnished
  • Verified
  • Customer Reviewed
  • 3D Tour

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 1100 Wheat St

$1,450 - $2,250

1 To 2 Bedroom Rentals

Available Now

1100 Wheat St

ColumbiaSC29201
property at 1600 Park Cir

$850 - $1,850

Studio To 2 Bedroom Rentals

Available Now

1600 Park Cir

ColumbiaSC29201

Local Expert's Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Moving to Columbia, SC? Explore 8 affordable neighborhoods to rent that are known for strong schools, convenient shopping, and easy access to local natural highlights like Lake Murray.

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Berry Building
Studio to 3 Bedroom Apartments

Berry Building

1600-1608 Main StColumbia, SC 29201
property at 2002 Greene St

$1,100 - $1,400

1 To 2 Bedroom Rentals

Available Now

2002 Greene St

ColumbiaSC29205
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Kress Building
Studio to 2 Bedroom Apartments

Kress Building

1502 Main StColumbia, SC 29201
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Olympia Mills
1 to 4 Bedroom Apartments

Olympia Mills

600 Heyward StColumbia, SC 29201
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801 King St
2 Bedroom Apartments

801 King St

801 King StColumbia, SC 29205
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2411 Blossom St
Studio to 3 Bedroom Apartments

2411 Blossom St

2411 Blossom StColumbia, SC 29205
Student Housing
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-50, Page 1 of 2

Olympia, Columbia, SC Local Guide

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in the Olympia area of Columbia, SC is a 4 Beds unit found at 21 Oaks priced from $705. Lofts at Lourie's has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,032. Here are the most affordable Olympia apartments for rent in Columbia, SC:

Apartment ListingModel NameBed/BathPriced From
21 OaksD1 - Premium4BR,2BA$705
Lofts at Lourie's1 bedroom 1 bath1BR,1BA$1,032
Berry BuildingBarringer: StudioStudio,1BA$1,039
Main Street LivingBarringer: StudioStudio,1BA$1,039
Hub Columbia4x34BR,3BA$1,070
1321 Lofts1 Bedroom 1 Bath1BR,1BA$1,113
505 B Ave2 Bedroom2BR,1BA$1,150
Cornell Arms ApartmentsStudio One BedroomStudio,1BA$1,150
The Palms 1101Foxtail1BR,1BA$1,247

Best Value Apartments for Rent in Olympia, SC

As of April 12, 2026 the best value apartment in the Olympia area is the $0.90 price per square foot 4x4 Oasis Model at Hub Columbia in the in the Waverly neighborhood starting from $1,260. The second greatest value Olympia apartment is the C1 - Premium Model at 21 Oaks starting at $865 with a $0.78 price per square foot in the Arthurtown neighborhood. Here is today’s list of the best values for Olympia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Hub Columbia4x4 Oasis4BR,4BA$0.90
21 OaksC1 - Premium3BR,3BA$0.78
Granby Crossing2 Bedroom 2 Bathroom2BR,2BA$1.62
Granby Oaks Apartments2 bed / 2 bath2BR,2BA$1.45
323 Sortwell St, Unit 323 sortwell Street323 Sortwell St2BR,1BA$1.20
Kress BuildingKress: 1 Bedroom1BR,1BA$1.66
The Radley2 BEDROOM, 2 BATH2BR,2BA$1.08
505 B Ave2 Bedroom2BR,1BA$1.53
The Carolinian2 Bedroom 1 Bath2BR,1BA$1.67
Cayce Cove2x12BR,1BA$1.18

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Olympia, Columbia, SC

Ranked #16

Among cities in South Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Olympia, Columbia, SC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, including Columbia. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for the best proximity to parks and outdoor amenities, luxury amenities, features that make it easier to raise kids, raising pets, transit options, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Olympia Apartments

What is a cheap apartment in Olympia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Olympia is under $1,247.

What is the price of a cheap apartment in Olympia?

The cheapest apartment in Olympia is Lofts at Lourie's which is listed at $1,032, while the average apartment in Olympia costs $3,797.

What types of apartments are the cheapest in Olympia?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 57 regular apartments in Olympia that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Olympia?

Cheap apartments in Olympia have an average cost of $410 which is $3,387 cheaper than the average rent for all rentals in Olympia.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Local Experts Top 8: Affordable Columbia, SC Neighborhoods for Quality Living

Written by: Kama Offenberger

I'm Kama, the ApartmentHomeLiving.com Local Expert for Columbia, South Carolina.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.