
Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Olympia area of Olympia.


Stuart Place

Cedar Pointe Apartments

612 S Bay Rd NE

Crowne Pointe Apartments

Brentwood 509 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.

Brentwood Apartments

Tumwater Apartments - Senior Community

Ashwood Downs Apartments

Capitol Terrace

Evergreen Park Apartments

Timbers West
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.

Cunningham Building

The Elks Apartments

Evergreen Villages

South Sound Villa Apartments

Silverwood

The Ashton
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.

Golf Club Apartments
South Olympia, Olympia, WA Local Guide

How much does it cost to rent an apartment in South Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Olympia Studio Apartments | $1,546 | $899 | $2,009 |
| South Olympia 1 Bedroom Apartments | $1,711 | $1,198 | $3,150 |
| South Olympia 2 Bedroom Apartments | $1,968 | $1,350 | $4,990 |
| South Olympia 3 Bedroom Apartments | $2,574 | $1,595 | $3,600 |
| South Olympia 4 Bedroom Apartments | $2,484 | $1,905 | $3,190 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the South Olympia Neighborhood of Olympia, WA.
See all Apartments in OlympiaExplore Olympia
South Olympia, Olympia, WA Local Guide
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Cheapest Available South Olympia Apartments for Rent
 The cheapest available apartment rental in the South Olympia area of Olympia, WA is a Studio unit found at Views on Fifth priced from $899. Stuart Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,076. Here are the most affordable South Olympia apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Views on Fifth | 0BR/1.0BA | Studio,1BA | $899 |
| 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 |
| Brentwood Apartments | one bedroom | 1BR,1BA | $1,200 |
Best Value Apartments for Rent in South Olympia, WA
As of January 24, 2026 the best value apartment in the South Olympia 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 Olympia apartment is the Large 2-Bed/2-Bath Ground Floor Model at 350 North Apartments starting at $2,125 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Forest Park Townhomes | 3 Beds / 2.5 Baths | 3BR,2.5BA | $1.64 |
| 350 North Apartments | Large 2-Bed/2-Bath Ground Floor | 2BR,2BA | $1.81 |
| Regency Apartments | 2B 2B large | 2BR,2BA | $1.75 |
| Breckenridge Heights | Strafford | 3BR,2BA | $1.81 |
| Olympia Townhouses 325 Pattison | 2BR/1.5BA | 2BR,1.5BA | $1.38 |
| Copper Leaf Residences | 2BR/2.0BA | 2BR,2BA | $1.74 |
| Lansdale Pointe Apartments | The Ridgewood | 3BR,2BA | $1.70 |
| Sunset Gardens | 2x1 | 2BR,1BA | $1.88 |
| Cambridge Court | 1 Bed 1 Bath B | 1BR,1BA | $1.74 |
| Crowne Pointe Apartments | The Shire | 2BR,1BA | $1.68 |
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 Olympia, Olympia, WA
George Washington Bush Middle School
School data provided by Great Schools
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 $1,399.
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 28 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 $349 which is $2,030 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.