Cheap Apartments for Rent in Olympia, WA from $600 (105 Rentals)

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

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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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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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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property at 615 Division St NW

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

615 Division St NW

OlympiaWA98502
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7602 SE 3rd Ave
2 to 3 Bedroom Apartments

7602 SE 3rd Ave

7602 SE 3rd AveOlympia, WA 98503
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Olympia, WA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 04/30/2026

Current apartment rentals in the Olympia, WA area range in price from $999 to $5,150 with an overall median price of $2,537. The three Olympia neighborhoods with the lowest median rent pricing are North East at $999, Upper Eastside at $999, and East Bay Drive at $999. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North East$1,975$999122
Upper Eastside$1,987$999180
East Bay Drive$2,100$999117
Burbank$2,128$999147
Eastside$2,195$999195
Northwest Olympia$2,222$999200
West Bay Drive$2,222$999196
North Olympia$2,250$999183
Mapleview$2,275$1,30035
Newport$2,275$1,40025

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
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Westwater VillageThe DeschutesStudio,1BA$1,150
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Crowne Pointe ApartmentsThe Saxon1BR,1BA$1,198
Boardwalk Senior Affordable ApartmentsA41BR,1BA$1,199
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
123-4thA5Studio,1BA$1,205

Best Value Apartments for Rent in Olympia, WA

As of May 01, 2026 the best value apartment in the Olympia area is the $1.61 price per square foot Townhome Model at Copper Leaf Residences in the in the Wellington West neighborhood starting from $2,750. The second greatest value Olympia apartment is the 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes starting at $2,495 with a $1.57 price per square foot in the Avonlea 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.
Copper Leaf ResidencesTownhome3BR,2.5BA$1.61
Chambers Reserve Townhomes3 Bd / 3 Ba + 1-Car Garage3BR,3BA$1.57
Forest Park Townhomes3BR/2.5BA3BR,2.5BA$1.80
Copper TrailThree Bedroom Two Bath3BR,2BA$1.53
Pacific Place Apartmentsone bedroom w/ den1BR,1BA$1.75
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
6111 Glen Mary Ln SE, Unit D6111 Glen Mary Ln SE2BR,1BA$1.60
Breckenridge ApartmentsChelsea2BR,1BA$1.78
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.74
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71

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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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

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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

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See the most popular apartments and homes in Olympia, WA

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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 $1,205.

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 $2,537.

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 412 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 $499 which is $2,038 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.