
Cheap Homes for Rent in Governor Stevens Neighborhood of Olympia, WA from $1,400 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Governor Stevens area of Olympia.


4811 Rural Rd SW

520 17th Ave SE, Unit Basement, Unit Basement

429 Thomas St NW
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.

908 4th Ave E, Unit Downstairs, Unit Downstairs

1018 Capitol Way S

1500 Lake Park Dr SW

2821 60th Ln SE
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.
Governor Stevens, Olympia, WA Local Guide

How much does it cost to rent a home in Governor Stevens?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Governor Stevens 2 Bedroom Homes for Rent | $2,090 | $1,445 | $2,500 |
| Governor Stevens 3 Bedroom Homes for Rent | $2,250 | $2,250 | $2,250 |
| Governor Stevens 4 Bedroom Homes for Rent | $3,064 | $2,400 | $3,975 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 2 mile radius of the Governor Stevens Neighborhood of Olympia, WA.
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Governor Stevens, Olympia, WA Local Guide
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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 Stuart Place priced from $1,076. Brentwood 509 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Governor Stevens apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stuart Place | s.440 | 1BR,1BA | $1,076 |
| Brentwood 509 Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,100 |
| Cedar Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Governor Stevens, WA
As of May 08, 2026 the best value apartment in the Governor Stevens area is the $1.61 price per square foot Townhome Model at Copper Leaf Residences in the in the Wellington West neighborhood starting from $2,750. The second greatest value Governor Stevens apartment is the 3BR/2.5BA Model at Forest Park Townhomes starting at $2,800 with a $1.80 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Copper Leaf Residences | Townhome | 3BR,2.5BA | $1.61 |
| Forest Park Townhomes | 3BR/2.5BA | 3BR,2.5BA | $1.80 |
| 350 North Apartments | 2-Bed/2-Bath North with Storage Unit | 2BR,2BA | $1.88 |
| Lansdale Pointe Apartments | The Ridgewood | 3BR,2BA | $1.70 |
| Overlander | Explorer | 2BR,1BA | $1.86 |
| Tribeca | Unit B | 2BR,1BA | $1.81 |
| Breckenridge Apartments | Chelsea | 2BR,1BA | $1.78 |
| Olympia Townhouses - 211 Pattison | 2BR/1.0BA | 2BR,1BA | $1.58 |
| Cambridge Court | 1 Bed 1 Bath A | 1BR,1BA | $1.89 |
| Dawcrest Apartments | 1BR / 1 BA | 1BR,1BA | $1.71 |
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 ArticleReal 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.
Read ArticleQuick Rent Budget Calculator
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.
Best Local Schools in Governor Stevens, Olympia, WA
School data provided by Great Schools
Frequently Asked Questions about Governor Stevens
What type of rentals are currently available in Governor Stevens?
There are currently 137 Apartments for Rent in Governor Stevens, WA with pricing that ranges from $1,100 to $3,299. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Governor Stevens ranging from $1,445 to $3,975.
What is the current price range for Rental Homes in Governor Stevens?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Governor Stevens ranges from $1,445 to $3,975 with an average monthly rent of $2,269.
How much are larger Three and Four Bedroom Rentals in Governor Stevens?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Governor Stevens range from $1,711 to $2,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $2,250. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $1,905.
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

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.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.