Cheap Apartments for Rent in the Governor Stevens Neighborhood of Olympia, WA from $600 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Governor Stevens 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.

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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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property at 1609 7th Ave SE

$1,532

Total Monthly Price

Total Monthly Price

Base Rent
$1,532
Total Monthly Price
$1,532

Studio, 1 Bath Home for Rent

Available Jun 15

1609 7th Ave SE, Unit B

1609 7th Ave SE
OlympiaWA98501

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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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included

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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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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Fern Ridge
1 to 3 Bedroom Apartments

Fern Ridge

1309 Fern St SWOlympia, WA 98502
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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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Olympia Village
1 Bedroom Apartments

Olympia Village

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

The Madrone

120 Water St NWOlympia, WA 98501

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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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 Studio unit found at Cunningham Building priced from $1,025. Boardwalk Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable Governor Stevens apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Cunningham Building0BR/1.0BAStudio,1BA$1,025
Boardwalk Senior Affordable ApartmentsA41BR,1BA$1,099
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Stuart Place1.6451BR,1BA$1,153
Westwater VillageThe DeschutesStudio,1BA$1,187
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
123-4thA5Studio,1BA$1,205
Market FlatsStudioStudio,1BA$1,250
Alpine VillageStandard StudioStudio,1BA$1,250

Best Value Apartments for Rent in Governor Stevens, WA

As of June 14, 2026 the best value apartment in the Governor Stevens area is the $1.67 price per square foot 3 Bed 2.5 Bath Townhome Model at Parkside Executive Townhomes at Briggs in the in the Wellington West neighborhood starting from $2,845. The second greatest value Governor Stevens apartment is the 3BR/2.5BA Model at Forest Park Townhomes starting at $2,700 with a $1.73 price per square foot in the Wellington West 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.
Parkside Executive Townhomes at Briggs3 Bed 2.5 Bath Townhome3BR,2.5BA$1.67
Forest Park Townhomes3BR/2.5BA3BR,2.5BA$1.73
Copper Leaf Residences1BR/1.0BA1BR,1BA$1.68
Breckenridge HeightsCoventry2BR,2BA$1.50
Breckenridge ApartmentsWestbury2BR,2BA$1.67
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.79
TribecaUnit B2BR,1BA$1.81
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.90
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Stuart Place1.6211BR,1BA$1.86

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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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 Boardwalk Senior Affordable Apartments which is listed at $1,099, while the average apartment in Governor Stevens costs $2,655.

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 21 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 $391 which is $2,264 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

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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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.

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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.