Cheap Apartments for Rent in the Lexington Neighborhood of Olympia, WA from $600 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Lexington 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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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • Utilities Included
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Mulberry Place
Studio to 2 Bedroom Apartments

Mulberry Place

501 Franz Anderson Rd SEOlympia, WA 98501
Corporate Housing
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Abbey Lane
1 to 2 Bedroom Apartments

Abbey Lane

522 Lilly Rd NEOlympia, WA 98506
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Northwood
2 Bedroom Apartments

Northwood

4120 6th Ave NEOlympia, WA 98516
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Red Leaf Townhomes
2 to 3 Bedroom Apartments

Red Leaf Townhomes

1330-1344 Fones RdOlympia, WA 98501

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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Merritt Manor
2 to 3 Bedroom Apartments

Merritt Manor

3335 Martin Way EOlympia, WA 98506
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The Abbey
2 to 3 Bedroom Apartments

The Abbey

122 Lilly Rd NEOlympia, WA 98506
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Arbol Grande
2 Bedroom Apartments

Arbol Grande

1420 Fones Rd SEOlympia, WA 98501
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Britton Place
Rent Specials
$1,466 - $3,502
Total Monthly Price

Total Monthly Price

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$1,466 - $3,502

Total Monthly Price
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Studio to 3 Bedroom Apartments Available Now

Britton Place

6655 Britton Pky NELacey, WA 98516
Military
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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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The Elowen
Rent Specials
$1,675 - $2,620
Total Monthly Price

Total Monthly Price

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$1,675 - $2,620

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1 to 3 Bedroom Apartments Available Now

The Elowen

5224 15th Ave NELacey, WA 98516
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The Dakota
$1,714 - $2,024
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Total Monthly Price

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$1,714 - $2,024

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1 to 2 Bedroom Apartments Available Now

The Dakota

6205 Pacific Ave SELacey, WA 98503
Corporate Housing
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property at 935 College Ln NE

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

3 Bedroom, 2.5 Bath Townhome for Rent

Available Now

935 College Ln NE

LaceyWA98516

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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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
  • Utilities Included
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The Ashton
1 to 2 Bedroom Apartments

The Ashton

1025 Neil St NELacey, WA 98516
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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
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The Hub
Studio to 2 Bedroom Apartments

The Hub

4444 6th Ave SELacey, WA 98503
Military
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Regency Apartments
Studio to 2 Bedroom Apartments

Regency Apartments

1255 McDaniel Ln SELacey, WA 98503
Corporate Housing
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Serenity Apartments
Studio to 3 Bedroom Apartments

Serenity Apartments

444 Carpenter Rd SELacey, WA 98503
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Modera Lacey
1 to 3 Bedroom Apartments

Modera Lacey

5499 15th Ave NELacey, WA 98516

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Lodge
Studio to 3 Bedroom Apartments

The Lodge

456 Carpenter Rd SELacey, WA 98503

Lexington, Olympia, WA Local Guide

Cheapest Available Lexington Apartments for Rent

 

The cheapest available apartment rental in the Lexington area of Olympia, WA is a Studio unit found at The Hub priced from $1,375. Olympia Townhouses - 211 Pattison has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,425. Here are the most affordable Lexington apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
The HubStudio A.7Studio,1BA$1,375
Olympia Townhouses - 211 Pattison2BR/1.0BA2BR,1BA$1,425
Abbey Lane1 Bed 1 Bath1BR,1BA$1,450
Britton PlacePLAN A - STUDIOStudio,1BA$1,466
Hearthstone PlaceStudioStudio,1BA$1,475
Bellwether ApartmentsSmall 1B 1B1BR,1BA$1,495
Ensign I & II902 1x1 reno1BR,1BA$1,575
Emerald Pointe ApartmentsOne Bedroom One Bath1BR,1BA$1,595
Toscana Apartment HomesJunior One Bedroom One Bath1BR,1BA$1,645

Best Value Apartments for Rent in Lexington, WA

As of May 07, 2026 the best value apartment in the Lexington area is the $2.08 price per square foot The Adams - Top / Bottom Corner Units Model at Switchback in the in the Lexington neighborhood starting from $2,132. The second greatest value Lexington apartment is the The Ridgewood Model at Lansdale Pointe Apartments starting at $1,711 with a $1.70 price per square foot in the Lexington neighborhood. Here is today’s list of the best values for Lexington apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
SwitchbackThe Adams - Top / Bottom Corner Units2BR,2BA$2.08
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
6111 Glen Mary Ln SE, Unit D6111 Glen Mary Ln SE2BR,1BA$1.60
Serenity Apartments2 Bed 2 Bath (A)2BR,2BA$1.99
TribecaUnit B2BR,1BA$1.81
Olympia Townhouses - 211 Pattison2BR/1.0BA2BR,1BA$1.58
Talisman289 2X1 T2BR,1BA$2.01
Sunset Gardens2BR/1.0BA2BR,1BA$2.16
Emerald Pointe ApartmentsOne Bedroom One Bath1BR,1BA$2.16
Abbey Lane1 Bed 1 Bath1BR,1BA$2.07

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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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
Lexington, Olympia, WA

Ranked #30

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Olympia. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, transit availability, pet-friendly communities, places to raise kids, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Lexington Apartments

What is the Cheapest Studio apartment in Lexington?

Currently the most affordable Cheap Studio Apartment in Lexington is at The Hub listed at $1,375.

How much is rent for a Cheap One Bedroom Lexington Apartment?

The lowest price for a Cheap One Bedroom Lexington Apartment is $1,450 at Abbey Lane.

What is the lowest price for a Cheap Two Bedroom Lexington Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Lexington is starting from $1,425 at Olympia Townhouses - 211 Pattison.

What is the most affordable Lexington Three Bedroom Apartment?

The best deal on a cheap Lexington Three Bedroom Apartment rental is at Lansdale Pointe Apartments and starts from $1,711.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

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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.

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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.

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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.