Cheap Apartments for Rent in Olympia, WA from $600 (19 Rentals)

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Views on Fifth
$899 - $4,990
Total Monthly Price

Total Monthly Price

Base Rent
$519 - $4,610
Required Monthly Fees
$380

Total Monthly Price
$899 - $4,990
Studio to 2 Bedroom Apartments Available Now

Views on Fifth

410 5th AveOlympia, WA 98501
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Cedar Pointe Apartments
Rent Specials
$1,100 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,495

Total Monthly Price
$1,100 - $1,495
1 Bedroom Apartments Available Now

Cedar Pointe Apartments

711 13th Ave SEOlympia, WA 98501
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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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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included
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7602 SE 3rd Ave
2 to 3 Bedroom Apartments

7602 SE 3rd Ave

7602 SE 3rd AveOlympia, WA 98503
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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • Utilities Included

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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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
  • Utilities Included
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The Elks Apartments
Studio to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
  • Utilities Included
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Evergreen Villages
1 to 4 Bedroom Apartments

Evergreen Villages

505 Division St NWOlympia, WA 98502
  • Utilities Included
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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
  • Utilities Included

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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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
  • Utilities Included

Olympia, WA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 01/29/2026

Current apartment rentals in the Olympia, WA area range in price from $899 to $4,990 with an overall median price of $2,389. The three Olympia neighborhoods with the lowest median rent pricing are Mapleview at $1,150, Newport at $1,150, and North East at $899. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mapleview$1,905$1,15041
Newport$1,905$1,15028
North East$1,905$899112
North Olympia$1,905$899130
Springwood$1,905$1,15028
Woodard Glen$1,905$1,15036
Upper Eastside$1,925$899121
Eastside$1,995$899138
Northwest Olympia$2,061$899127
West Bay Drive$2,061$899127

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a Studio unit found at Views on Fifth in the Wellington West neighborhood priced from $899. Stuart Place in the Wellington West 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
Views on Fifth0BR/1.0BAStudio,1BA$899
Stuart Places.4401BR,1BA$1,076
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Brentwood Apartmentsone bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Olympia, WA

As of January 30, 2026 the best value apartment in the Olympia area is the $1.57 price per square foot 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes in the in the Avonlea neighborhood starting from $2,495. The second greatest value Olympia apartment is the 3 Beds / 2.5 Baths Model at Forest Park Townhomes starting at $2,550 with a $1.64 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.
Chambers Reserve Townhomes3 Bd / 3 Ba + 1-Car Garage3BR,3BA$1.57
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
Crowne Pointe ApartmentsThe Westminster3BR,2BA$1.28
Olympia Townhouses 325 Pattison2BR/1.5BA2BR,1.5BA$1.36
Abbey Rowe ApartmentsTate2BR,2BA$1.69
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
Firwood Grove Apartment LLC2BR/2.0BA2BR,2BA$1.59
WoodlandBirch1BR,1BA$1.86
Forest Grove ApartmentsCascade2BR,2BA$1.58

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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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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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.

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

Explore Olympia, WA Rentals by Map

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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 $1,299.

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 484 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 $463 which is $1,926 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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.