Cheap Apartments for Rent in Olympia, WA from $1,076 (147 Rentals)

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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.

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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.

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property at 719 Division St NW
$1,510 - $1,711

Total Monthly Price

Base Rent$1,510 - $1,711
Total Monthly Price$1,510 - $1,711
1 Bedroom, 1 Bath Townhome for Rent
Available Oct 1
Affordability

719 Division St NW

OlympiaWA98502
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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.

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Smyth
$1,650 - $2,766

Total Monthly Price

Base Rent$1,650 - $2,766
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
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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 Goat
Rent Specials
$1,701 - $2,137

Total Monthly Price

Base Rent$1,701 - $2,137
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
Pet Friendly
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property at 833 Steele St NE
$1,795
2 Bedroom Rentals
Available Oct 1
Affordability

833 Steele St NE

OlympiaWA98506

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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Olympia, WA Local Guide

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Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 09/14/2026

Current apartment rentals in the Olympia, WA area range in price from $1,100 to $3,999 with an overall median price of $2,512. The three Olympia neighborhoods with the lowest median rent pricing are Goldcrest at $2,095, West Bay Drive at $2,095, and Outer West Olympia at $2,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Goldcrest$2,095$1,5109
West Bay Drive$2,095$1,10014
Outer West Olympia$2,100$1,10023
Burbank$2,192$1,10014
Northwest Olympia$2,192$1,10015
Walnut Park$2,284$1,10015
South Capitol$2,300$1,10023
South Westside$2,350$1,10020
Wildwood$2,350$1,10023
Carlyon-North$2,400$1,10021

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at 123-4th in the South Westside neighborhood priced from $63. Stuart Place in the South Westside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,076. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
123-4thB2-Plaza Alt1BR,1BA$63
Stuart Places.4401BR,1BA$1,076
Boardwalk Senior Affordable ApartmentsA51BR,1BA$1,099
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Annie's Studio's0BR/1.0BAStudio,1BA$1,190
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Westwater VillageThe Deschutes - No BalconyStudio,1BA$1,205
Heritage Park ApartmentsStudioStudio,1BA$1,205
Suncrest1/11BR,1BA$1,250

Best Value Apartments for Rent in Olympia, WA

As of September 14, 2026 the best value apartment in the Olympia area is the $1.76 price per square foot 3BR/2.5BA Model at Forest Park Townhomes in the in the South Westside neighborhood starting from $2,750. The second greatest value Olympia apartment is the Georgia Model at Ward Lake Apartments starting at $2,345 with a $1.88 price per square foot in the Ridge at Suncrest 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.
Forest Park Townhomes3BR/2.5BA3BR,2.5BA$1.76
Ward Lake ApartmentsGeorgia3BR,2BA$1.88
Pacific Place Apartmentstwo bedroom2BR,1BA$1.87
Breckenridge HeightsStrafford3BR,2BA$1.81
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
Landis Pointe2X22BR,2BA$1.89
Crowne Pointe ApartmentsThe Canterbury2BR,2BA$1.60
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.75
Abalon Pointe1x11BR,1BA$1.79
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.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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.

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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 the Cheapest Studio apartment in Olympia?

Currently the most affordable Cheap Studio Apartment in Olympia is at Annie's Studio's listed at $1,190.

How much is rent for a Cheap One Bedroom Olympia Apartment?

The lowest price for a Cheap One Bedroom Olympia Apartment is $63 at 123-4th.

What is the lowest price for a Cheap Two Bedroom Olympia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Olympia is starting from $1,300 at Brentwood 509 Apartments.

What is the most affordable Olympia Three Bedroom Apartment?

The best deal on a cheap Olympia Three Bedroom Apartment rental is at Evergreen Rock Maple Apartments and starts from $1,450.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.