Cheap Apartments for Rent in Olympia, WA from $600 (26 Rentals)

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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
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7602 SE 3rd Ave
2 Bedroom Apartments

7602 SE 3rd Ave

7602 SE 3rd AveOlympia, WA 98503
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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
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The Lurana
Studio to 2 Bedroom Apartments

The Lurana

215 Columbia St NWOlympia, WA 98501
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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
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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: 06/28/2025

Current apartment rentals in the Olympia, WA area range in price from $1,099 to $4,807 with an overall median price of $2,316. The three Olympia neighborhoods with the lowest median rent pricing are Downtown at $1,099, Bigelow at $1,099, and Bigelow Highlands at $1,099. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown$1,470$1,09954
Bigelow$1,487$1,09949
Bigelow Highlands$1,487$1,09949
Downtown Olympia$1,487$1,09949
Burbank$1,895$1,09977
East Bay Drive$1,914$1,09965
North East$1,914$1,09966
Upper Eastside$1,914$1,09971
Newport$1,935$1,42517
Springwood$1,935$1,42517

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. Heritage Park Apartments in the Wellington West neighborhood has the second lowest priced unit, which is a Studio 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
Heritage Park ApartmentsStudioStudio,1BA$1,100
Market FlatsStudioStudio,1BA$1,200
The Timbers Apartments1 Bedroom1BR,1BA$1,215
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,225
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,225
Alpine VillageStudioStudio,1BA$1,240
Westman MillsStudioStudio,1BA$1,250
123-4thA9Studio,1BA$1,250
The Lurana0BR/1.0BAStudio,1BA$1,300

Best Value Apartments for Rent in Olympia, WA

As of June 28, 2025 the best value apartment in the Olympia area is the $1.46 price per square foot 3 Story Townhouse Model at Parkside Executive Townhomes at Briggs in the in the Wellington West neighborhood starting from $2,760. The second greatest value Olympia apartment is the 3x3 Small Model at Chambers Reserve Townhomes starting at $2,695 with a $1.69 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.
Parkside Executive Townhomes at Briggs3 Story Townhouse4BR,2.5BA$1.46
Chambers Reserve Townhomes3x3 Small3BR,3BA$1.69
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
Copper Leaf Residences3BR/2.0BA3BR,2BA$1.67
Hawks PrairieChehalis2BR,1.5BA$1.58
Lansdale PointeThe Ridgewood (3x2)3BR,2BA$1.71
Firwood ManorTraditional Model2BR,1BA$1.41
Firwood Grove Apartment LLC2BR/2.0BA2BR,2BA$1.59
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Northwood2 Bed 1 Bath2BR,1BA$1.62

Quick Rent Budget Calculator

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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.

Pet Friendly Lifestyle
Olympia, WA

Ranked #15

Among cities in Washington for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Olympia, WA Rentals by Map

View MapOlympia, WA Apartments MapView MapOlympia, WA Rental Homes Map

Getting Around Olympia, WA

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

33 / 100

Some Transit

A few nearby public transportation options

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 $1,300.

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 $2,316.

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 309 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 $491 which is $1,825 cheaper than the average rent for all rentals in Olympia.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.