Cheap Apartments for Rent in Olympia, WA from $600 (30 Rentals)

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

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

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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7602 SE 3rd Ave
2 to 3 Bedroom Apartments

7602 SE 3rd Ave

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

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • Utilities Included
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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

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.

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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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
  • Utilities Included
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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

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

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 03/16/2026

Current apartment rentals in the Olympia, WA area range in price from $915 to $4,990 with an overall median price of $2,635. The three Olympia neighborhoods with the lowest median rent pricing are North East at $1,100, Upper Eastside at $1,100, and East Bay Drive at $1,100. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North East$1,905$1,100113
Upper Eastside$1,905$1,100129
East Bay Drive$1,995$1,100118
Mapleview$2,010$1,20031
Woodard Glen$2,010$1,20026
Eastside$2,026$1,100151
Newport$2,095$1,32520
Springwood$2,095$1,32520
North Olympia$2,100$1,100134
Northwest Olympia$2,110$1,100146

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. Cedar Pointe 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
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
123-4thA6 WestStudio,1BA$1,185
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Heritage Park Apartments1 Bedroom1BR,1BA$1,225
Evergreen Rock Maple ApartmentsOne Bedroom (EG)1BR,1BA$1,230
LARC at Olympia (Senior Housing 62+)Skylark1BR,1BA$1,237
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,275

Best Value Apartments for Rent in Olympia, WA

As of March 16, 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
Olympia Townhouses 325 Pattison2BR/1.5BA2BR,1.5BA$1.37
Copper TrailThree Bedroom Two Bath3BR,2BA$1.53
The Dakota2 Bed 2 Baths2BR,2BA$1.66
Capitol City Apartments2 x 12BR,1BA$1.82
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
6111 Glen Mary Ln SE, Unit D6111 Glen Mary Ln SE2BR,1BA$1.70
TribecaUnit B2BR,1BA$1.81
Talisman289 2X1 B2BR,1BA$1.84

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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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 $1,275.

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 $2,635.

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 357 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 $444 which is $2,191 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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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.

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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.