Cheap Apartments for Rent in the Newport Neighborhood of Olympia, WA from $662 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Newport area of Olympia.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 1058 Central St SE
$2,300
2 Bedroom, 1 Bath Home for Rent
Available Now
Furnished

1058 Central St SE

OlympiaWA98501
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Stateside Flats
1 to 2 Bedroom Apartments

Stateside Flats

210 Bethel St NEOlympia, WA 98506
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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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Northwood
2 Bedroom Apartments

Northwood

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

Red Leaf Townhomes

1330-1344 Fones RdOlympia, WA 98501

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Abbey
2 to 3 Bedroom Apartments

The Abbey

122 Lilly Rd NEOlympia, WA 98506
  • Utilities Included

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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The Elowen
Rent Specials
$1,750 - $2,640

Total Monthly Price

Base Rent$1,750 - $2,640

Total Monthly Price$1,750 - $2,640
1 to 3 Bedroom Apartments Available Now

The Elowen

5224 15th Ave NELacey, WA 98516
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6Wood Flats
Rent Specials
$1,795 - $2,415

Total Monthly Price

Base Rent$1,795 - $2,415

Total Monthly Price$1,795 - $2,415
Studio to 3 Bedroom Apartments Available Now

6Wood Flats

4410 6th Ave SELacey, WA 98503
Pet Friendly
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property at 919 College Ln NE
$2,500

Total Monthly Price

Base Rent$2,500

Total Monthly Price$2,500
3 Bedroom, 2.5 Bath Townhome for Rent
Available Now

919 College Ln NE

LaceyWA98516
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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

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

The Hub

4444 6th Ave SELacey, WA 98503
Military
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Modera Lacey
1 to 3 Bedroom Apartments

Modera Lacey

5499 15th Ave NELacey, WA 98516

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.

Newport, Olympia, WA Local Guide

Cheapest Available Newport Apartments for Rent

 

The cheapest available apartment rental in the Newport area of Olympia, WA is a Studio unit found at Hearthstone Place priced from $1,450. 629 Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,499. Here are the most affordable Newport apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Hearthstone PlaceStudio W/DenStudio,1BA$1,450
629 Apartments629b11BR,1BA$1,499
Merritt ManorTwo Bedroom, One Bath - 2x12BR,1BA$1,550
Trailside340 1X1 T1BR,1BA$1,575
The Huntington ApartmentsRenovated 1 bed 1 bath1BR,1BA$1,600
The HubStudio A.21BR,1BA$1,699
Ensign I & II204 2x1 renovated2BR,1BA$1,699
The AbbeyTwo Bedroom2BR,1BA$1,700
1126 Sleater Kinney Rd SE2 BR/ 1 BA2BR,1BA$1,725
The Elowen1x1 C1BR,1BA$1,750

Best Value Apartments for Rent in Newport, WA

As of September 06, 2026 the best value apartment in the Newport area is the $2.01 price per square foot 289 2X2 B Model at Talisman in the in the Lexington neighborhood starting from $1,899. The second greatest value Newport apartment is the 2X1 Model at Landis Pointe starting at $1,800 with a $2.09 price per square foot in the Lexington neighborhood. Here is today’s list of the best values for Newport apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Talisman289 2X2 B2BR,2BA$2.01
Landis Pointe2X12BR,1BA$2.09
Ensign I & II204 2x1 renovated2BR,1BA$2.07
Merritt ManorTwo Bedroom, One Bath - 2x12BR,1BA$1.89
6Wood Flats1x1 B1BR,1BA$2.19
The Huntington ApartmentsRenovated 1 bed 1 bath1BR,1BA$2.08
The AbbeyTwo Bedroom2BR,1BA$2.27
Modera LaceyA031BR,1BA$2.63
Trailside340 1X1 T1BR,1BA$2.25
1126 Sleater Kinney Rd SE2 BR/ 1 BA2BR,1BA$2.48

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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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Pet Friendly Lifestyle
Newport, Olympia, WA

Ranked #35

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Newport Apartments

What is the price of a cheap apartment in Newport?

The cheapest apartment in Newport is 629 Apartments which is listed at $1,499, while the average apartment in Newport costs $1,827.

What types of apartments are the cheapest in Newport?

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 2 regular apartments in Newport that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.