Cheap Homes for Rent in Downtown Olympia Neighborhood of Olympia, WA from $1,100 (4 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Olympia area of Olympia.

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.

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.

Best Value Apartments for Rent in Downtown Olympia, WA

As of June 09, 2026 the best value apartment in the Downtown Olympia area is the $2.22 price per square foot 2x2 Model at Capitol Crossing in the in the Wellington West neighborhood starting from $1,950. 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 Wellington West neighborhood. Here is today’s list of the best values for Downtown Olympia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Capitol Crossing2x22BR,2BA$2.22
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Elks Apartments1 Bed 1 Bath Large1BR,1BA$1.95
Westman Mills1x11BR,1BA$2.41
Stuart Place1.6211BR,1BA$1.86
Brentwood Apartmentsone bedroom1BR,1BA$1.94
401 Union0BR/1.0BAStudio ,1BA$2.51
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$2.20
The Malt House Apartment Homes0BR/1.0BAStudio ,1BA$2.95
Cunningham Building0BR/1.0BAStudio ,1BA$2.93

Frequently Asked Questions about Downtown Olympia

What type of rentals are currently available in Downtown Olympia?

There are currently 56 Apartments for Rent in Downtown Olympia, WA with pricing that ranges from $1,100 to $5,150. There are also 4 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Olympia ranging from $1,175 to $2,400.

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 $1,175 to $2,400 with an average monthly rent of $1,581.

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

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.