
Cheap Apartments for Rent in the South Capitol Neighborhood of Olympia, WA from $1,000 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Capitol area of Olympia.


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Cedar Pointe Apartments

612 S Bay Rd NE

Crowne Pointe Apartments

Boardwalk Senior Affordable Apartments

Brentwood 509 Apartments

Brentwood Apartments

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Heritage Park Apartments
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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123-4th

Dawcrest Apartments

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Stateside Flats

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Westwater Village

401 Union

119 20th Ave SE

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Capital Park

Capitol Steps
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.

Lansdale Pointe Apartments

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Sherwood Glen

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Abalon Pointe

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Cambridge Court

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Little Tuscany Apartments & Townhomes

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Silver Leaf Residences - A 55+ Community

Black Lake Apartments

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Capitol Crossing
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.

Capitol Terrace

Evergreen Park Apartments

Timbers West

Cunningham Building

The Elks Apartments

Evergreen Villages

Westman Mills Townhome & Apartments

Fern Ridge
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.

Lakeridge Regency

Evergreen Vista I & II Apartments

Olympia Village

Olympia Townhouses 325 Pattison

Westman Mills

The Madrone

Montair at Somerset Hill

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Breckenridge Apartments
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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Breckenridge Heights

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Overlander
South Capitol, Olympia, WA Local Guide

How much does it cost to rent an apartment in South Capitol?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Capitol Studio Apartments | $1,445 | $1,150 | $2,009 |
| South Capitol 1 Bedroom Apartments | $1,688 | $1,198 | $3,399 |
| South Capitol 2 Bedroom Apartments | $1,969 | $1,400 | $4,990 |
| South Capitol 3 Bedroom Apartments | $2,252 | $1,629 | $2,695 |
| South Capitol 4 Bedroom Apartments | $2,440 | $1,905 | $3,299 |
Browse Apartments in this Neighborhood
There are currently 42 rentals with your search options within a 2 mile radius of the South Capitol Neighborhood of Olympia, WA.
See all Apartments in OlympiaExplore Olympia
South Capitol, Olympia, WA Local Guide
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Stuart Place | s.440 | 1BR,1BA | $1,076 |
| Cedar Pointe Apartments | 1 Bed / 1 Bath | 1BR,1BA | $1,100 |
| Cunningham Building | 0BR/1.0BA | Studio,1BA | $1,190 |
| Boardwalk Senior Affordable Apartments | A5 | 1BR,1BA | $1,199 |
| Brentwood Apartments | one bedroom | 1BR,1BA | $1,200 |
| 123-4th | A9 | Studio,1BA | $1,275 |
| 401 Union | 0BR/1.0BA | Studio,1BA | $1,400 |
| Crowne Pointe Apartments | The Shire | 2BR,1BA | $1,420 |
| Stateside Flats | 1 Bed M | 1BR,1BA | $1,450 |
| Montair at Somerset Hill | A2 | 1BR,1BA | $1,477 |
Best Value Apartments for Rent in South Capitol, WA
As of February 20, 2026 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 Wellington West neighborhood starting from $2,550. The second greatest value South Capitol apartment is the 3 Bed 2 Bath Model at Parkview Apartments starting at $2,343 with a $1.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Forest Park Townhomes | 3 Beds / 2.5 Baths | 3BR,2.5BA | $1.64 |
| Parkview Apartments | 3 Bed 2 Bath | 3BR,2BA | $1.88 |
| Olympia Townhouses 325 Pattison | 2BR/1.5BA | 2BR,1.5BA | $1.37 |
| Lansdale Pointe Apartments | The Ridgewood | 3BR,2BA | $1.70 |
| Overlander | Explorer | 2BR,1BA | $1.79 |
| Sherwood Glen | 2X1 CLASSIC | 2BR,1BA | $1.93 |
| Cambridge Court | 1 Bed 1 Bath B | 1BR,1BA | $1.74 |
| Crowne Pointe Apartments | The Shire | 2BR,1BA | $1.68 |
| Abalon Pointe | 1 Bed 1 Bath | 1BR,1BA | $1.92 |
| Brentwood Apartments | one bedroom | 1BR,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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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 $1,477.
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 $2,260.
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 22 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 $460 which is $1,800 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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.