605 1/2 Capitol Way S
OlympiaWA98501
Cheap Homes for Rent in the Downtown Olympia Neighborhood of Olympia, WA from $1,100 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Olympia area of Olympia.
605 1/2 Capitol Way S
OlympiaWA98501
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.
605 1/2 Capitol Way S
OlympiaWA98501
5406 Washington St SE
OlympiaWA98501
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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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 3 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
| Downtown Olympia 4 Bedroom Homes for Rent | $3,193 | $3,125 | $3,265 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 2 mile radius of the Downtown Olympia Neighborhood of Olympia, WA.
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Best Value Apartments for Rent in Downtown Olympia, WA
As of August 19, 2026 the best value apartment in the Downtown Olympia area is the $2.22 price per square foot 1x1 Model at Capitol Crossing in the in the South Westside neighborhood starting from $1,575. The second greatest value Downtown Olympia apartment is the 1BR / 1 BA Model at Dawcrest Apartments starting at $1,200 with a $1.71 price per square foot in the South Westside 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. |
|---|---|---|---|
| Capitol Crossing | 1x1 | 1BR,1BA | $2.22 |
| Dawcrest Apartments | 1BR / 1 BA | 1BR,1BA | $1.71 |
| Westman Mill | 1BR/1.0BA | 1BR,1BA | $2.46 |
| Brentwood Apartments | one bedroom | 1BR,1BA | $1.94 |
| 401 Union | 0BR/1.0BA | Studio ,1BA | $2.51 |
| Brentwood 509 Apartments | 1 BR/ 1 BA | 1BR,1BA | $2.20 |
| Annie's Studio's | 0BR/1.0BA | Studio ,1BA | $2.47 |
| Boardwalk Senior Affordable Apartments | A3 | 1BR,1BA | $2.90 |
| Stuart Place | s.440 | 1BR,1BA | $2.45 |
| The Malt House Apartment Homes | 0BR/1.0BA | Studio ,1BA | $3.01 |
Frequently Asked Questions about Downtown Olympia
What type of rentals are currently available in Downtown Olympia?
There are currently 58 Apartments for Rent in Downtown Olympia, WA with pricing that ranges from $1,100 to $5,150. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Olympia ranging from $1,100 to $3,265.
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 $1,100 to $3,265 with an average monthly rent of $2,268.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.