Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (131 Rentals)

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

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.

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.

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.

property at 615 Division St NW

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

1 Bedroom, 1 Bath Home for Rent

Available Now

615 Division St NW

OlympiaWA98502
property at 429 Thomas St NW

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Townhome for Rent

Available May 15

429 Thomas St NW

OlympiaWA98502
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Smyth
$1,750 - $2,766
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$1,750 - $2,766

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1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
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Briggs Village
Rent Specials
$1,795 - $3,771
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$1,795 - $3,771

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1 to 3 Bedroom Apartments Available Now

Briggs Village

4225 Briggs Dr SEOlympia, WA 98501
Luxury
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The Goat
Rent Specials
$1,817 - $2,447
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$1,817 - $2,447

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1 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
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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.

South Olympia, Olympia, WA Local Guide

Cheapest Available South Olympia Apartments for Rent

 

The cheapest available apartment rental in the South Olympia area of Olympia, WA is a 1 Bed unit found at Stuart Place priced from $1,076. 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 Olympia apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR,1BA$1,076
Brentwood 509 Apartments1 BR/ 1 BA1BR,1BA$1,100
Cedar Pointe Apartments1 Bed / 1 Bath1BR,1BA$1,100
Westwater VillageThe DeschutesStudio,1BA$1,151
Cunningham Building0BR/1.0BAStudio,1BA$1,190
Boardwalk Senior Affordable ApartmentsA41BR,1BA$1,199
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
123-4thA5Studio,1BA$1,205
Capital ParkStudioStudio,1BA$1,250

Best Value Apartments for Rent in South Olympia, WA

As of April 27, 2026 the best value apartment in the South Olympia area is the $1.61 price per square foot Townhome Model at Copper Leaf Residences in the in the Wellington West neighborhood starting from $2,750. The second greatest value South Olympia apartment is the 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes starting at $2,495 with a $1.57 price per square foot in the Avonlea neighborhood. Here is today’s list of the best values for South Olympia apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Copper Leaf ResidencesTownhome3BR,2.5BA$1.61
Chambers Reserve Townhomes3 Bd / 3 Ba + 1-Car Garage3BR,3BA$1.57
Copper TrailThree Bedroom Two Bath3BR,2BA$1.53
Pacific Place Apartmentsone bedroom w/ den1BR,1BA$1.75
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.70
6111 Glen Mary Ln SE, Unit D6111 Glen Mary Ln SE2BR,1BA$1.60
Regency Apartments1B 1B1BR,1BA$1.75
Cambridge Court1 Bed 1 Bath B1BR,1BA$1.74
Capitol City Apartments1 x 11BR,1BA$1.78
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Washington, including Olympia. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, family-friendly amenities, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap South Olympia Apartments

What is the Cheapest Studio apartment in South Olympia?

Currently the most affordable Cheap Studio Apartment in South Olympia is at Westwater Village listed at $1,151.

How much is rent for a Cheap One Bedroom South Olympia Apartment?

The lowest price for a Cheap One Bedroom South Olympia Apartment is $1,076 at Stuart Place.

What is the lowest price for a Cheap Two Bedroom South Olympia Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in South Olympia is starting from $1,300 at Brentwood 509 Apartments.

What is the most affordable South Olympia Three Bedroom Apartment?

The best deal on a cheap South Olympia Three Bedroom Apartment rental is at Copper Trail and starts from $1,685.

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

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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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.