Cheap Apartments for Rent in the South Capitol Neighborhood of Olympia, WA from $1,000 (57 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Capitol 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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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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property at 1609 7th Ave SE

$1,547

Total Monthly Price

Total Monthly Price

Base Rent
$1,547
Total Monthly Price
$1,547

Studio, 1 Bath Home for Rent

Available Now

1609 7th Ave SE, Unit B, Unit B

1609 7th Ave SE
OlympiaWA98501

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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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

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

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
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Evergreen Villages
1 to 4 Bedroom Apartments

Evergreen Villages

505 Division St NWOlympia, WA 98502
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Elks Apartments
Studio to 2 Bedroom Apartments

Elks Apartments

609-613 Capitol Way SOlympia, WA 98501

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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Fern Ridge
1 to 3 Bedroom Apartments

Fern Ridge

1309 Fern St SWOlympia, WA 98502
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The Ridge Apartments
1 to 2 Bedroom Apartments

The Ridge Apartments

2008 Evergreen Park Dr SWOlympia, WA 98502
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Capital Park
Studio to 2 Bedroom Apartments

Capital Park

2900 Limited Ln NWOlympia, WA 98502
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Olympia Village
1 Bedroom Apartments

Olympia Village

900 Fairview St SEOlympia, WA 98501
Senior Living
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The Madrone
Studio to 2 Bedroom Apartments

The Madrone

120 Water St NWOlympia, WA 98501

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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Showing Results 1-50, Page 1 of 2

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 Cunningham Building priced from $1,025. Cedar Pointe Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable South Capitol apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Cunningham Building0BR/1.0BAStudio,1BA$1,025
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Stuart Place1.6451BR,1BA$1,153
Westwater VillageThe DeschutesStudio,1BA$1,187
Crowne Pointe ApartmentsThe Saxon1BR,1BA$1,198
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
123-4thA5Studio,1BA$1,205
Westman MillsStudioStudio,1BA$1,250

Best Value Apartments for Rent in South Capitol, WA

As of May 22, 2026 the best value apartment in the South Capitol area is the $1.80 price per square foot 3BR/2.5BA Model at Forest Park Townhomes in the in the Wellington West neighborhood starting from $2,800. The second greatest value South Capitol apartment is the 2BR/1.5BA Model at Updated Townhouse Style Apartments starting at $1,595 with a $1.40 price per square foot in the Lexington 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 Townhomes3BR/2.5BA3BR,2.5BA$1.80
Updated Townhouse Style Apartments2BR/1.5BA2BR,1.5BA$1.40
350 North Apartments2-Bed/2-Bath North with Storage Unit2BR,2BA$1.88
Cambridge Court2 Bed 2 Bath B2BR,2BA$1.63
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.79
Stonebrook Apartments and Townhomes2 Bedroom 1 Bath Large2BR,1BA$1.93
Abalon Pointe1 Bed 1 Bath1BR,1BA$1.92
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71
Stuart Place1.6211BR,1BA$1.86
Brentwood Apartmentsone bedroom1BR,1BA$1.94

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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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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Best Local Schools in
South Capitol, Olympia, WA

School data provided by Great Schools

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!

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 $1,250.

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

The cheapest apartment in South Capitol is Cedar Pointe Apartments which is listed at $1,100, while the average apartment in South Capitol costs $2,500.

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 15 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 $306 which is $2,194 cheaper than the average rent for all rentals in South Capitol.

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.