Cheap Homes for Rent in Olympia, WA from $800 (11 Rentals)

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Search the lowest-cost Homes available for rent right now in Olympia.

property at 1716 11th Ave SE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio, 1 Bath Home for Rent

Available Now

1716 11th Ave SE

OlympiaWA98501

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.

property at 515 16th Ave SE

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Mar 6

515 16th Ave SE

OlympiaWA98501

Olympia, WA Local Guide

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 02/17/2026

Current apartment rentals in the Olympia, WA area range in price from $915 to $4,990 with an overall median price of $2,285. The three Olympia neighborhoods with the lowest median rent pricing are Mapleview at $1,150, Newport at $1,150, and North East at $1,150. 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$1,905$1,15042
Newport$1,905$1,15034
North East$1,905$1,150111
Springwood$1,905$1,15034
Woodard Glen$1,905$1,15038
North Olympia$1,952$1,150127
Upper Eastside$1,952$1,150119
East Bay Drive$1,995$1,150122
Eastside$1,997$1,150145
South Westside$2,110$1,198178

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at Stuart Place in the Wellington West neighborhood priced from $1,076. Cedar Pointe Apartments in the Wellington West neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR,1BA$1,076
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Boardwalk Senior Affordable ApartmentsA51BR,1BA$1,199
Brentwood Apartmentsone bedroom1BR,1BA$1,200

Best Value Apartments for Rent in Olympia, WA

As of February 17, 2026 the best value apartment in the Olympia area is the $0.92 price per square foot 2B 2B small Model at Regency Apartments in the in the Lexington neighborhood starting from $1,805. The second greatest value Olympia apartment is the 4 Bd / 3 Ba + 2-Car Garage Model at Chambers Reserve Townhomes starting at $2,899 with a $1.48 price per square foot in the Avonlea 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.
Regency Apartments2B 2B small2BR,2BA$0.92
Chambers Reserve Townhomes4 Bd / 3 Ba + 2-Car Garage4BR,3BA$1.48
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
WoodlandConifer2BR,2BA$1.70
Olympia Townhouses 325 Pattison2BR/1.5BA2BR,1.5BA$1.37
Copper TrailThree Bedroom Two Bath3BR,2BA$1.51
Capitol City Apartments2 x 12BR,1BA$1.82
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
OverlanderExplorer2BR,1BA$1.79
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.74

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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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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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 290 Apartments for Rent in Olympia, WA with pricing that ranges from $1,150 to $4,990. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia ranging from $895 to $3,400.

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 $895 to $3,400 with an average monthly rent of $2,485.

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 $1,995 to $2,925. Four Bedroom Single-Family rentals are also available starting from $2,495 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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.