Cheap Apartments for Rent in the Governor Stevens Neighborhood of Olympia, WA from $685 (58 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Governor Stevens area of 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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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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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included

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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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
  • Utilities Included
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Evergreen Villages
1 to 4 Bedroom Apartments

Evergreen Villages

505 Division St NWOlympia, WA 98502
  • Utilities Included
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Elks Apartments
Studio to 2 Bedroom Apartments

Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
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Westman Mill
Studio to 3 Bedroom Apartments

Westman Mill

510 State Ave NEOlympia, WA 98501
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Stateside Flats
1 to 2 Bedroom Apartments

Stateside Flats

210 Bethel St NEOlympia, WA 98506
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Fern Ridge
1 to 3 Bedroom Apartments

Fern Ridge

1309 Fern St SWOlympia, WA 98502

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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The Ridge Apartments
1 to 2 Bedroom Apartments

The Ridge Apartments

2008 Evergreen Park Dr SWOlympia, WA 98502
  • Utilities Included
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Campus Lofts
Studio to 3 Bedroom Apartments

Campus Lofts

510-512 12th Ave SEOlympia, WA 98501
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Olympia Village
1 Bedroom Apartments

Olympia Village

900 Fairview St SEOlympia, WA 98501
Senior Living
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The Madrone
Studio to 2 Bedroom Apartments

The Madrone

120 Water St NWOlympia, WA 98501
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Firwood Manor
Studio to 2 Bedroom Apartments

Firwood Manor

1400 Evergreen Park Dr SWOlympia, WA 98502
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Governor Stevens, Olympia, WA Local Guide

Cheapest Available Governor Stevens Apartments for Rent

 

The cheapest available apartment rental in the Governor Stevens area of Olympia, WA is a 1 Bed unit found at 123-4th priced from $63. Stuart Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,076. Here are the most affordable Governor Stevens apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
123-4thB2-Plaza Alt1BR,1BA$63
Stuart Places.4401BR,1BA$1,076
Boardwalk Senior Affordable ApartmentsA51BR,1BA$1,099
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Annie's Studio's0BR/1.0BAStudio,1BA$1,190
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Westwater VillageThe Deschutes - No BalconyStudio,1BA$1,205
Heritage Park ApartmentsStudioStudio,1BA$1,205
Market FlatsStudioStudio,1BA$1,250

Best Value Apartments for Rent in Governor Stevens, WA

As of September 13, 2026 the best value apartment in the Governor Stevens area is the $1.76 price per square foot 3BR/2.5BA Model at Forest Park Townhomes in the in the South Westside neighborhood starting from $2,750. The second greatest value Governor Stevens apartment is the Georgia Model at Ward Lake Apartments starting at $2,345 with a $1.88 price per square foot in the Ridge at Suncrest neighborhood. Here is today’s list of the best values for Governor Stevens apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Park Townhomes3BR/2.5BA3BR,2.5BA$1.76
Ward Lake ApartmentsGeorgia3BR,2BA$1.88
Breckenridge HeightsStrafford3BR,2BA$1.81
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
Stonebrook Apartments and Townhomes2 Bedroom 1 Bath Large2BR,1BA$1.93
Twin Peaks Apartments2BR/2.0BA2BR,2BA$1.92
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.75
Abalon Pointe1x11BR,1BA$1.79
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Brentwood Apartmentsone bedroom1BR,1BA$1.94

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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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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Best Local Schools in
Governor Stevens, Olympia, WA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Olympia, WA. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Governor Stevens Apartments

What is a cheap apartment in Governor Stevens?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Governor Stevens is under $1,250.

What is the price of a cheap apartment in Governor Stevens?

The cheapest apartment in Governor Stevens is 123-4th which is listed at $63, while the average apartment in Governor Stevens costs $1,575.

What types of apartments are the cheapest in Governor Stevens?

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 14 regular apartments in Governor Stevens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Governor Stevens?

Cheap apartments in Governor Stevens have an average cost of $377 which is $1,198 cheaper than the average rent for all rentals in Governor Stevens.

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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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.

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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.