
Cheap Homes for Rent in East Olympia Neighborhood of Lacey, WA from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the East Olympia area of Lacey.


1546 Reservation Rd SE

8024 N Bicentennial Loop SE, Unit 2
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.

9734 62nd Ave SE

660 Malibu Dr SE

9133 Tolo Ct NE
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.

183 Veranda Ln SE
East Olympia, Lacey, WA Local Guide

How much does it cost to rent a home in East Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Olympia 2 Bedroom Homes for Rent | $1,900 | $1,900 | $1,900 |
| East Olympia 3 Bedroom Homes for Rent | $2,707 | $2,100 | $3,250 |
| East Olympia 4 Bedroom Homes for Rent | $3,111 | $2,800 | $3,300 |
| East Olympia 5 Bedroom Homes for Rent | $3,250 | $3,200 | $3,280 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the East Olympia Neighborhood of Lacey, WA.
Explore Lacey
East Olympia, Lacey, WA Local Guide
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Cheapest Available East Olympia Apartments for Rent
 The cheapest available apartment rental in the East Olympia area of Lacey, WA is a 1 Bed unit found at Emerald Greens priced from $1,275. The Timbers Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,295. Here are the most affordable East Olympia apartments for rent in Lacey, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Emerald Greens | 1x1S | 1BR,1BA | $1,275 |
| The Timbers Apartments | 1 Bedroom | 1BR,1BA | $1,295 |
| Capitol Club Apartments | One Bedroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in East Olympia, WA
As of June 17, 2026 the best value apartment in the East Olympia area is the $1.60 price per square foot 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes in the in the Avonlea neighborhood starting from $2,545. The second greatest value East Olympia apartment is the Spruce B Model at Copper Wood starting at $1,520 with a $1.57 price per square foot in the Hawks Prairie neighborhood. Here is today’s list of the best values for East Olympia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chambers Reserve Townhomes | 3 Bd / 3 Ba + 1-Car Garage | 3BR,3BA | $1.60 |
| Copper Wood | Spruce B | 2BR,2BA | $1.57 |
| The Tilden | Sapling | 1BR,1BA | $1.94 |
| Chambers Crest | 2x2 | 2BR,2BA | $2.05 |
| Forest Grove Apartments | Cascade | 2BR,2BA | $1.67 |
| Talisman | 289 2X1 T | 2BR,1BA | $2.01 |
| The Madison | Adams | 1BR,1BA | $2.04 |
| Ensign I & II | 204 2x1 renovated | 2BR,1BA | $2.07 |
| College Pointe Apartments | 1x1 A | 1BR,1BA | $2.04 |
| Hawks Prairie Apartments | 1 BR/ 1 BA | 1BR,1BA | $2.00 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Best Local Schools in East Olympia, Lacey, WA
School data provided by Great Schools
Frequently Asked Questions about East Olympia
What type of rentals are currently available in East Olympia?
There are currently 116 Apartments for Rent in East Olympia, WA with pricing that ranges from $1,275 to $3,514. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in East Olympia ranging from $1,500 to $3,300.
What is the current price range for Rental Homes in East Olympia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in East Olympia ranges from $1,500 to $3,300 with an average monthly rent of $2,428.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.