Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (127 Rentals)

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

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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.

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Smyth
Rent Specials
$1,619 - $2,766
Total Monthly Price

Total Monthly Price

Base Rent
$1,619 - $2,766
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
Active Lifestyle
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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property at 9101 Boulder Ln SE

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800

2 Bedroom, 2 Bath Home for Rent

Available Now

9101 Boulder Ln SE

OlympiaWA98501

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.

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The Goat
Rent Specials
$1,817 - $2,472
Total Monthly Price

Total Monthly Price

Base Rent
$1,817 - $2,472
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included

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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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
Westwater VillageThe DeschutesStudio,1BA$1,183
Boardwalk Senior Affordable ApartmentsA41BR,1BA$1,199
123-4thA9Studio,1BA$1,200
Dawcrest Apartments1BR / 1 BA1BR,1BA$1,200
Brentwood Apartmentsone bedroom1BR,1BA$1,200
Heritage Park Apartments1 Bedroom1BR,1BA$1,235
Suncrest1/11BR,1BA$1,250
Capitol House ApartmentsUnit #1231BR,1BA$1,295

Best Value Apartments for Rent in South Olympia, WA

As of July 30, 2026 the best value apartment in the South Olympia area is the $1.58 price per square foot 3x2 Town House (Shorter Garage) Model at The Vicara Apartments & Townhomes in the in the Avonlea neighborhood starting from $2,925. The second greatest value South Olympia apartment is the Strafford Model at Breckenridge Heights starting at $2,070 with a $1.81 price per square foot in the Wellington West 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.
The Vicara Apartments & Townhomes3x2 Town House (Shorter Garage)3BR,2BA$1.58
Breckenridge HeightsStrafford3BR,2BA$1.81
Copper Leaf Residences2BR/2.0BA2BR,2BA$1.74
Lansdale Pointe ApartmentsThe Ridgewood3BR,2BA$1.79
TribecaUnit B2BR,1BA$1.81
Stonebrook Apartments and Townhomes2 Bedroom 1 Bath Large2BR,1BA$1.93
Copper TrailSpruce A2BR,1BA$1.62
Forest Grove ApartmentsCascade2BR,2BA$1.67
Breckenridge ApartmentsDanbury1BR,1BA$1.91
Dawcrest Apartments1BR / 1 BA1BR,1BA$1.71

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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Real 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.

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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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Best Local Schools in
South Olympia, Olympia, WA

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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 a cheap apartment in South Olympia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Olympia is under $1,295.

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

The cheapest apartment in South Olympia is Stuart Place which is listed at $1,076, while the average apartment in South Olympia costs $2,379.

What types of apartments are the cheapest in South Olympia?

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 23 regular apartments in South Olympia 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 Olympia?

Cheap apartments in South Olympia have an average cost of $493 which is $1,886 cheaper than the average rent for all rentals in South Olympia.

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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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.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.

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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.