
Cheap Homes for Rent in the South Capitol Neighborhood of Olympia, WA from $1,400 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the South Capitol area of Olympia.

Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

4434 Governor Ln SE
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

123 Fir St NE
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 | $2,398 | $1,800 | $2,795 |
| South Capitol 3 Bedroom Homes for Rent | $2,550 | $2,450 | $2,650 |
| South Capitol 4 Bedroom Homes for Rent | $3,236 | $2,995 | $3,675 |
Browse Homes for Rent in this Neighborhood
There are currently 3 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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Best Value Apartments for Rent in South Capitol, WA
As of July 22, 2026 the best value apartment in the South Capitol area is the $1.76 price per square foot 2BR/2.0BA Model at Copper Leaf Residences in the in the Wellington West neighborhood starting from $1,940. The second greatest value South Capitol apartment is the The Ridgewood Model at Lansdale Pointe Apartments starting at $1,806 with a $1.79 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Copper Leaf Residences | 2BR/2.0BA | 2BR,2BA | $1.76 |
| Lansdale Pointe Apartments | The Ridgewood | 3BR,2BA | $1.79 |
| Stonebrook Apartments and Townhomes | 2 Bedroom 1 Bath Large | 2BR,1BA | $1.93 |
| Wilderness West Apartments | 2B 1.5B LTH | 2BR,1.5BA | $2.00 |
| Cambridge Court | 1 Bed 1 Bath B | 1BR,1BA | $1.90 |
| Crowne Pointe Apartments | The Shire | 2BR,1BA | $1.77 |
| Overlander | Pathfinder | 1BR,1BA | $2.09 |
| Abalon Pointe | 1x1 | 1BR,1BA | $1.92 |
| Dawcrest Apartments | 1BR / 1 BA | 1BR,1BA | $1.71 |
| 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 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 136 Apartments for Rent in South Capitol, WA with pricing that ranges from $1,100 to $3,299. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Capitol ranging from $1,470 to $3,675.
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 $1,470 to $3,675 with an average monthly rent of $2,452.
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 $2,990, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $2,650. Four Bedroom Single-Family rentals are also available starting from $2,995 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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.