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$999 - $1,5761 to 2 Bedroom Apartments Available Now
Boardwalk Senior Affordable Apartments
510 Capitol Way NOlympia, WA 98501
Cheap Apartments for Rent in the Downtown Neighborhood of Olympia, WA from $900 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Olympia.
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Rent Specials
$1,000 - $4,950Studio to 2 Bedroom Apartments Available Now
Views on Fifth
410 5th AveOlympia, WA 98501
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$1,175 - $1,750Studio to 3 Bedroom Apartments Available Now
Heritage Park Apartments
1818 Evergreen Park Dr SWOlympia, WA 98502
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$1,200 - $1,300Studio to 1 Bedroom Apartments Contact Us For Availability
Brentwood Apartments
514 11th AveOlympia, WA 98501
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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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$1,300 - $1,5001 to 2 Bedroom Apartments Contact Us For Availability
Brentwood 509 Apartments
509 12th Ave SEOlympia, WA 98501
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$1,3751 Bedroom Apartments Contact Us For Availability
Dawcrest Apartments
1205 Chestnut St SEOlympia, WA 98501
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$1,400 - $2,300Studio to 2 Bedroom Apartments Available Now
401 Union
401 Union Ave SEOlympia, WA 98501
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$1,475 - $1,675Studio to 1 Bedroom Apartments Available Nov 14
Capitol Steps
623 Eastside St SEOlympia, WA 98501
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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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204 4th Ave W
OlympiaWA98501
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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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Showing Results 1-20, Page 1 of 1
Downtown, Olympia, WA Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,459 | $1,000 | $1,795 |
| Downtown 1 Bedroom Apartments | $1,739 | $999 | $3,150 |
| Downtown 2 Bedroom Apartments | $2,129 | $1,299 | $4,950 |
| Downtown 3 Bedroom Apartments | $1,722 | $1,695 | $1,750 |
Browse Apartments in this Neighborhood
There are currently 20 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Olympia, WA.
See all Apartments in OlympiaExplore Olympia
Downtown, Olympia, WA Local Guide
- Nearby Olympia neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Olympia, WA is a 1 Bed unit found at Boardwalk Senior Affordable Apartments priced from $999. Views on Fifth has the second lowest priced unit, which is a Studio apartment currently listed from $1,000. Here are the most affordable Downtown apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Boardwalk Senior Affordable Apartments | A1 | 1BR,1BA | $999 |
| Views on Fifth | 0BR/1.0BA | Studio,1BA | $1,000 |
| Stuart Place | s.440 | 1BR,1BA | $1,076 |
| Heritage Park Apartments | Studio- Large | Studio,1BA | $1,175 |
| Cunningham Building | 0BR/1.0BA | Studio,1BA | $1,190 |
Best Value Apartments for Rent in Downtown, WA
As of November 01, 2025 the best value apartment in the Downtown area is the $3.96 price per square foot 2BR/1.0BA Model at Views on Fifth in the in the Wellington West neighborhood starting from $4,150. The second greatest value Downtown apartment is the 124 Rogers St NW Model at 124 Rogers St NW, Unit 124 Rogers St NW starting at $1,650 with a $1.65 price per square foot in the Wellington West neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Views on Fifth | 2BR/1.0BA | 2BR,1BA | $3.96 |
| 124 Rogers St NW, Unit 124 Rogers St NW | 124 Rogers St NW | 2BR,1BA | $1.65 |
| Capitol Crossing | 1x1 Loft | 1BR,1BA | $2.17 |
| 401 Union | 0BR/1.0BA | Studio ,1BA | $2.51 |
| The Lurana | 1BR/1.0BA | 1BR,1BA | $2.86 |
| Boardwalk Senior Affordable Apartments | A3 | 1BR,1BA | $2.75 |
| Stuart Place | s.440 | 1BR,1BA | $2.45 |
| 123-4th | A9 | Studio ,1BA | $3.19 |
| Cunningham Building | 0BR/1.0BA | Studio ,1BA | $3.40 |
| Heritage Park Apartments | Studio- Large | Studio ,1BA | $3.92 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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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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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If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Olympia, WA
Ranked #38
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,695.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Boardwalk Senior Affordable Apartments which is listed at $999, while the average apartment in Downtown costs $2,150.
What types of apartments are the cheapest in Downtown?
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 10 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.