
Cheap Homes for Rent in South Capitol Neighborhood of Olympia, WA from $1,100 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the South Capitol area of Olympia.


302 Fir St NE

2633 Wilderness Dr SE
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.

4811 Rural Rd SW

1609 7th Ave SE, Unit B

715 Adams St SE
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.
South Capitol, Olympia, WA Local Guide

How much does it cost to rent a home in South Capitol?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Capitol 2 Bedroom Homes for Rent | $1,946 | $1,445 | $2,400 |
| South Capitol 3 Bedroom Homes for Rent | $2,483 | $2,250 | $2,800 |
| South Capitol 4 Bedroom Homes for Rent | $3,258 | $2,700 | $3,975 |
| South Capitol 5 Bedroom Homes for Rent | $3,100 | $3,100 | $3,100 |
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the South Capitol Neighborhood of Olympia, WA.
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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 Studio unit found at Cunningham Building priced from $1,025. Brentwood 509 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 |
|---|---|---|---|
| Cunningham Building | 0BR/1.0BA | Studio,1BA | $1,025 |
| Brentwood 509 Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,100 |
| Stuart Place | 1.645 | 1BR,1BA | $1,153 |
Best Value Apartments for Rent in South Capitol, WA
As of June 06, 2026 the best value apartment in the South Capitol area is the $1.67 price per square foot 3 Bed 2.5 Bath Townhome Model at Parkside Executive Townhomes at Briggs in the in the Wellington West neighborhood starting from $2,845. The second greatest value South Capitol apartment is the 3BR/2.5BA Model at Forest Park Townhomes starting at $2,800 with a $1.80 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. |
|---|---|---|---|
| Parkside Executive Townhomes at Briggs | 3 Bed 2.5 Bath Townhome | 3BR,2.5BA | $1.67 |
| Forest Park Townhomes | 3BR/2.5BA | 3BR,2.5BA | $1.80 |
| Updated Townhouse Style Apartments | 2BR/1.5BA | 2BR,1.5BA | $1.37 |
| Copper Leaf Residences | 2BR/2.0BA | 2BR,2BA | $1.79 |
| Breckenridge Apartments | Westbury | 2BR,2BA | $1.67 |
| Lansdale Pointe Apartments | The Meadow | 2BR,2BA | $1.63 |
| Cambridge Court | 1 Bed 1 Bath B | 1BR,1BA | $1.75 |
| Crowne Pointe Apartments | The Shire | 2BR,1BA | $1.77 |
| Dawcrest Apartments | 1BR / 1 BA | 1BR,1BA | $1.71 |
| Heritage Park Apartments | 1 Bedroom | 1BR,1BA | $1.85 |
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 ArticleReal 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.
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
Frequently Asked Questions about South Capitol
What type of rentals are currently available in South Capitol?
There are currently 135 Apartments for Rent in South Capitol, WA with pricing that ranges from $1,100 to $5,150. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Capitol ranging from $1,175 to $3,975.
What is the current price range for Rental Homes in South Capitol?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Capitol ranges from $1,175 to $3,975 with an average monthly rent of $2,278.
How much are larger Three and Four Bedroom Rentals in South Capitol?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Capitol range from $1,724 to $2,899, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $2,800. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,011.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.