Cheap Apartments for Rent in Olympia, WA from $600 (152 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Read Article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Read Article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Read Article
close
View Me
Smyth
Rent Specials
$1,619 - $2,766
Total Monthly Price

Total Monthly Price

Base Rent
$1,619 - $2,766
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

Read Article
property at 9101 Boulder Ln SE

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 2 Bath Home for Rent

Available Now

9101 Boulder Ln SE

OlympiaWA98501
close
View Me
The Goat
Rent Specials
$1,817 - $2,472
Total Monthly Price

Total Monthly Price

Base Rent
$1,817 - $2,472
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
  • Verified

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.

Read Article
Showing Results 1-50, Page 1 of 4

Olympia, WA Local Guide

Photo of Staff Writer - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 07/30/2026

Current apartment rentals in the Olympia, WA area range in price from $1,100 to $5,150 with an overall median price of $2,389. The three Olympia neighborhoods with the lowest median rent pricing are East Bay Drive at $1,100, Mapleview at $1,325, and Newport at $1,345. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
East Bay Drive$2,011$1,100127
Mapleview$2,011$1,32548
Newport$2,011$1,34534
North Olympia$2,011$1,100234
Springwood$2,011$1,34534
Upper Eastside$2,011$1,100225
Woodard Glen$2,011$1,32545
Lexington$2,050$1,32598
North East$2,050$1,100132
Burbank$2,067$1,100147

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at Stuart Place in the Wellington West neighborhood priced from $1,076. Brentwood 509 Apartments in the Wellington West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR,1BA$1,076
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Westwater VillageThe DeschutesStudio,1BA$1,183
Boardwalk Senior Affordable ApartmentsA41BR,1BA$1,199
123-4thA9Studio,1BA$1,200
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Heritage Park Apartments1 Bedroom1BR,1BA$1,235
Suncrest1/11BR,1BA$1,250
Capitol House ApartmentsUnit #1231BR,1BA$1,295

Best Value Apartments for Rent in Olympia, WA

As of July 30, 2026 the best value apartment in the Olympia area is the $1.58 price per square foot 3x2 Town House (Shorter Garage) Model at The Vicara Apartments & Townhomes in the in the Avonlea neighborhood starting from $2,925. The second greatest value Olympia apartment is the Strafford Model at Breckenridge Heights starting at $2,070 with a $1.81 price per square foot in the Wellington West 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.
The Vicara Apartments & Townhomes3x2 Town House (Shorter Garage)3BR,2BA$1.58
Breckenridge HeightsStrafford3BR,2BA$1.81
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.79
TribecaUnit B2BR,1BA$1.81
Stonebrook Apartments and Townhomes2 Bedroom 1 Bath Large2BR,1BA$1.93
Copper TrailSpruce A2BR,1BA$1.62
Forest Grove ApartmentsCascade2BR,2BA$1.67
Breckenridge ApartmentsDanbury1BR,1BA$1.91
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71

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 Article
Decorative image

Real 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 Article
Decorative image

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.

decorative image of people with a giant lease agreement

Olympia Overview

Olympia is the capital city and the largest town in Washington. With many local attractions and safe communities, many people find the city an ideal place to live. Many government agencies located within the city also offer residents an easy way to professional employment.

Why live in Olympia, WA?

Unlike other cities, Washington’s capital is a vibrant economy with a low population, especially for first-time residents. Despite the heavy presence of industries towards the north, it is a clean, mid-sized capital city with abundant recreational facilities. The Washington’s coasts are within a day’s drive with excellent services and amenities. It is an attractive capital city with a well-kept appearance featuring waterfronts and neighborhoods. The population within Olympia is educated and very friendly. Although finding employment is a bit challenging, current projections and trends are still promising.

Olympia, WA
Population: 52,555

Ranked #744

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

Best Local Schools in
Olympia, WA

School data provided by Great Schools

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Olympia, WA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Olympia, WA

View Map
Olympia, WA Apartments Map
View Map
Olympia, WA Rental Homes Map

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 $1,295.

What is the price of a cheap apartment in Olympia?

The cheapest apartment in Olympia is Stuart Place which is listed at $1,076, while the average apartment in Olympia costs $2,389.

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 547 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 $539 which is $1,850 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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.