Cheap Homes for Rent in Olympia, WA from $1,200 (7 Rentals)

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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.

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.

Olympia, WA Local Guide

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 11/06/2025

Current apartment rentals in the Olympia, WA area range in price from $999 to $4,950 with an overall median price of $2,289. The three Olympia neighborhoods with the lowest median rent pricing are Mapleview at $1,200, Newport at $1,200, and North East at $999. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Mapleview$1,914$1,20053
Newport$1,914$1,20043
North East$1,914$999129
North Olympia$1,914$999149
Springwood$1,914$1,20043
Upper Eastside$1,914$999132
Woodard Glen$1,914$1,20046
East Bay Drive$1,950$999123
Eastside$2,037$999153
Northwest Olympia$2,125$999122

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at Boardwalk Senior Affordable Apartments in the Wellington West neighborhood priced from $999. Stuart Place in the Wellington West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,076. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Boardwalk Senior Affordable ApartmentsA11BR,1BA$999
Stuart Places.4401BR,1BA$1,076
Cunningham Building0BR/1.0BAStudio,1BA$1,190

Best Value Apartments for Rent in Olympia, WA

As of November 06, 2025 the best value apartment in the Olympia area is the $1.48 price per square foot 4 Bd / 3 Ba + 2-Car Garage Model at Chambers Reserve Townhomes in the in the Avonlea neighborhood starting from $2,899. The second greatest value Olympia apartment is the 3 Bedroom 2.5 Bath Townhome Model at Parkside Executive Townhomes at Briggs starting at $2,406 with a $1.42 price per square foot in the Wellington West neighborhood. Here is today’s list of the best values for Olympia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Chambers Reserve Townhomes4 Bd / 3 Ba + 2-Car Garage4BR,3BA$1.48
Parkside Executive Townhomes at Briggs3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.42
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
Cambridge Court2 Bed 2 Bath B2BR,2BA$1.56
Breckenridge ApartmentsWestbury2BR,2BA$1.75
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.71
124 Rogers St NW, Unit 124 Rogers St NW124 Rogers St NW2BR,1BA$1.65
Firwood Grove Apartment LLC2BR/2.0BA2BR,2BA$1.59
Forest Grove ApartmentsCascade2BR,2BA$1.58
Northwood2 Bed 1 Bath2BR,1BA$1.74

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.

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The 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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Quick 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.

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Pet Friendly Lifestyle
Olympia, WA

Ranked #11

Among cities in Washington for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Olympia

What type of rentals are currently available in Olympia?

There are currently 292 Apartments for Rent in Olympia, WA with pricing that ranges from $999 to $4,950. There are also 109 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia ranging from $1,276 to $3,395.

What is the current price range for Rental Homes in Olympia?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Olympia ranges from $1,276 to $3,395 with an average monthly rent of $2,294.

How much are larger Three and Four Bedroom Rentals in Olympia?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Olympia range from $1,629 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $2,999. Four Bedroom Single-Family rentals are also available starting from $2,475 and Four Bedroom Apartments start at $1,914.

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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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.