Cheap Apartments for Rent in the South Capitol Neighborhood of Olympia, WA from $900 (33 Rentals)

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

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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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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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
  • Utilities Included

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 Elks Apartments
Studio to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
  • Utilities Included
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Evergreen Villages
1 to 4 Bedroom Apartments

Evergreen Villages

505 Division St NWOlympia, WA 98502
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Fern Ridge
1 to 3 Bedroom Apartments

Fern Ridge

1309 Fern St SWOlympia, WA 98502
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Lakeridge Regency
1 to 2 Bedroom Apartments

Lakeridge Regency

2008 Evergreen Park Dr SWOlympia, WA 98502
  • Utilities Included
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Olympia Village
1 Bedroom Apartments

Olympia Village

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

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 Lurana
Studio to 2 Bedroom Apartments

The Lurana

215 Columbia St NWOlympia, WA 98501
Showing Results 1-33, Page 1 of 1

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 1 Bed unit found at Stuart Place priced from $1,076. Cunningham Building has the second lowest priced unit, which is a Studio apartment currently listed from $1,190. Here are the most affordable South Capitol apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR,1BA$1,076
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Heritage Park Apartments1 Bedroom1BR,1BA$1,200
123-4thA9Studio,1BA$1,255
Views on Fifth0BR/1.0BAStudio,1BA$1,299
Boardwalk Senior Affordable ApartmentsA51BR,1BA$1,313
401 Union0BR/1.0BAStudio,1BA$1,400
Silver Leaf ResidencesStudioStudio,1BA$1,425
Wilderness West Apartments1B Loft 1B1BR,1BA$1,450
Lansdale Pointe ApartmentsThe Meadow2BR,2BA$1,485

Best Value Apartments for Rent in South Capitol, WA

As of November 10, 2025 the best value apartment in the South Capitol area is the $1.42 price per square foot 3 Bedroom 2.5 Bath Townhome Model at Parkside Executive Townhomes at Briggs in the in the Wellington West neighborhood starting from $2,406. The second greatest value South Capitol apartment is the 3 Beds / 2.5 Baths Model at Forest Park Townhomes starting at $2,550 with a $1.64 price per square foot in the Wellington West 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.
Parkside Executive Townhomes at Briggs3 Bedroom 2.5 Bath Townhome3BR,2.5BA$1.42
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
350 North Apartments2-Bed/2-Bath Ground Floor2BR,2BA$1.90
Cambridge Court2 Bed 2 Bath B2BR,2BA$1.56
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.77
Breckenridge ApartmentsWestbury2BR,2BA$1.75
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.71
124 Rogers St NW, Unit 124 Rogers St NW124 Rogers St NW2BR,1BA$1.65
Abalon Pointe2 Bed 1 Bath2BR,1BA$1.74
Breckenridge HeightsWindsor1BR,1BA$1.94

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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
South Capitol, Olympia, WA

Ranked #9

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,485.

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

The cheapest apartment in South Capitol is Stuart Place which is listed at $1,076, while the average apartment in South Capitol costs $2,166.

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 20 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 $386 which is $1,780 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.