Cheap New Apartments for Rent in Olympia, WA from $600 (38 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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The Goat
Rent Specials
$1,817 - $2,472
Total Monthly Price

Total Monthly Price

Base Rent
$1,817 - $2,472
Total Monthly Price
Varies
Built in 20231 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
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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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Market Flats
Built in 2024Studio to 2 Bedroom Apartments

Market Flats

310 Capitol WayOlympia, WA 98501
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Mulberry Place
Built in 2021Studio to 2 Bedroom Apartments

Mulberry Place

501 Franz Anderson Rd SEOlympia, WA 98501
Corporate Housing
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Campus Lofts
Built in 2016Studio to 3 Bedroom Apartments

Campus Lofts

510-512 12th Ave SEOlympia, WA 98501
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Merritt Manor
Built in 20202 to 3 Bedroom Apartments

Merritt Manor

3335 Martin Way EOlympia, WA 98506
  • Utilities Included
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Trestlewood Townhomes
Built in 20261 to 3 Bedroom Apartments

Trestlewood Townhomes

109 Veranda Ln SEOlympia, WA 98513
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The Madrone
Built in 2023Studio to 2 Bedroom Apartments

The Madrone

120 Water St NWOlympia, WA 98501

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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Harbor Heights 55+ Community
Built in 2020Studio to 3 Bedroom Apartments

Harbor Heights 55+ Community

500 Columbia St NWOlympia, WA 98501
Senior Living
  • Utilities Included
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The Hub
Built in 2022Studio to 2 Bedroom Apartments

The Hub

4444 6th Ave SELacey, WA 98503
Military
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Modera Lacey
Built in 20231 to 3 Bedroom Apartments

Modera Lacey

5499 15th Ave NELacey, WA 98516
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The Lodge
Built in 2025Studio to 3 Bedroom Apartments

The Lodge

456 Carpenter Rd SELacey, WA 98503

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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Crossroads on Crosby
Built in 2020Studio to 2 Bedroom Apartments

Crossroads on Crosby

2121 Barnes Ct SWTumwater, WA 98512
Student Housing
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Serenity Apartments
Built in 2022Studio to 3 Bedroom Apartments

Serenity Apartments

444 Carpenter Rd SELacey, WA 98503
Showing Results 1-38, Page 1 of 1

Olympia, WA Local Guide

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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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, 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 Westwater Village listed at $1,183.

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

The lowest price for a Cheap One Bedroom Olympia Apartment is $1,076 at Stuart Place.

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 Cambridge Court and starts from $1,875.

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.