Cheap Apartments for Rent in the South Capitol Neighborhood of Olympia, WA from $900 (25 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included
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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
  • Utilities Included

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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The Lurana
Studio to 1 Bedroom Apartments

The Lurana

215 Columbia St NWOlympia, WA 98501
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Lakeridge Regency
1 to 2 Bedroom Apartments

Lakeridge Regency

2008 Evergreen Park Dr SWOlympia, WA 98502
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Firwood Manor
2 Bedroom Apartments

Firwood Manor

1400 Evergreen Park Dr SWOlympia, WA 98502
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Olympia Village
1 Bedroom Apartments

Olympia Village

900 Fairview St SEOlympia, WA 98501
Senior Living
  • Utilities Included

South Capitol, Olympia, WA Local Guide

Cheapest Available South Capitol Apartments for Rent

 

The cheapest available apartment rental in the South Capitol area of Olympia, WA is a Studio unit found at Heritage Park Apartments priced from $1,150. Stuart Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,153. Here are the most affordable South Capitol apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Heritage Park ApartmentsStudioStudio,1BA$1,150
Stuart Place1.6291BR,1BA$1,153
Market FlatsStudioStudio,1BA$1,200
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,225
Westman MillsStudioStudio,1BA$1,250

Best Value Apartments for Rent in South Capitol, WA

As of June 06, 2025 the best value apartment in the South Capitol area is the $1.64 price per square foot 3 Beds / 2.5 Baths Model at Forest Park Townhomes in the in the South Westside neighborhood starting from $2,550. The second greatest value South Capitol apartment is the 3BR/2.0BA Model at Copper Leaf Residences starting at $2,375 with a $1.67 price per square foot in the Downtown Olympia neighborhood. Here is today’s list of the best values for South Capitol apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
Copper Leaf Residences3BR/2.0BA3BR,2BA$1.67
Parkview Apartments2 Bed 2 Bath2BR,2BA$1.89
Firwood ManorTraditional Model2BR,1BA$1.41
Little Tuscany Apartments & TownhomesBella A2BR,2BA$2.00
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.98
OverlanderPathfinder1BR,1BA$2.02
Capitol Crossing1x11BR,1BA$2.04
Wilderness West Apartments1B 1B1BR,1BA$2.20

Quick Rent Budget Calculator

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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
South Capitol, Olympia, WA

Ranked #8

Among neighborhoods in Olympia, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

Our team of engineers and researchers is happy to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Olympia. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for outdoor amenities like tennis courts, luxury amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the South Capitol Neighborhood in Olympia, WA

Walk Score®

60 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

76 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap South Capitol Apartments

What is a cheap apartment in South Capitol?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Capitol is under $1,450.

What is the price of a cheap apartment in South Capitol?

The cheapest apartment in South Capitol is Stuart Place which is listed at $1,153, while the average apartment in South Capitol costs $3,190.

What types of apartments are the cheapest in South Capitol?

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

How do the prices of cheap apartments compare to the average apartment in South Capitol?

Cheap apartments in South Capitol have an average cost of $220 which is $2,970 cheaper than the average rent for all rentals in South Capitol.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.