721 Adams St SE
OlympiaWA98501
Cheap Homes for Rent in Downtown Olympia Neighborhood of Olympia, WA from $1,600 (1 Rental)
Search the lowest-cost Homes available for rent right now in the Downtown Olympia area of 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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Downtown Olympia, Olympia, WA Local Guide
How much does it cost to rent a home in Downtown Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Olympia 2 Bedroom Homes for Rent | $2,012 | $1,675 | $2,350 |
| Downtown Olympia 4 Bedroom Homes for Rent | $3,075 | $3,075 | $3,075 |
| Downtown Olympia 5 Bedroom Homes for Rent | $3,155 | $3,155 | $3,155 |
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Best Value Apartments for Rent in Downtown Olympia, WA
As of January 25, 2026 the best value apartment in the Downtown Olympia area is the $3.28 price per square foot 1BR/1.5BA Model at Views on Fifth in the in the Wellington West neighborhood starting from $3,150. The second greatest value Downtown Olympia apartment is the 2x1.5 Model at Capitol Crossing starting at $1,975 with a $2.24 price per square foot in the Wellington West neighborhood. Here is today’s list of the best values for Downtown Olympia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Views on Fifth | 1BR/1.5BA | 1BR,1.5BA | $3.28 |
| Capitol Crossing | 2x1.5 | 2BR,1.5BA | $2.24 |
| Brentwood Apartments | one bedroom | 1BR,1BA | $1.94 |
| 401 Union | 0BR/1.0BA | Studio ,1BA | $2.51 |
| Boardwalk Senior Affordable Apartments | A3 | 1BR,1BA | $2.75 |
| Stuart Place | s.440 | 1BR,1BA | $2.45 |
| Cedar Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $2.59 |
| 123-4th | A9 | Studio ,1BA | $3.24 |
| Cunningham Building | 0BR/1.0BA | Studio ,1BA | $3.40 |
Frequently Asked Questions about Downtown Olympia
What type of rentals are currently available in Downtown Olympia?
There are currently 55 Apartments for Rent in Downtown Olympia, WA with pricing that ranges from $899 to $4,990. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Olympia ranging from $1,675 to $3,155.
What is the current price range for Rental Homes in Downtown Olympia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Olympia ranges from $1,675 to $3,155 with an average monthly rent of $2,747.
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
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.
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.
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.
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.