Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (25 Rentals)

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

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.

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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
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The Lurana
Studio to 1 Bedroom Apartments

The Lurana

215 Columbia St NWOlympia, WA 98501

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.

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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
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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. Heritage Park Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,150. Here are the most affordable South Olympia apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR,1BA$1,076
Heritage Park ApartmentsStudioStudio,1BA$1,150
Market FlatsStudioStudio,1BA$1,200
The Timbers Apartments1 Bedroom1BR,1BA$1,220
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,225

Best Value Apartments for Rent in South Olympia, WA

As of June 03, 2025 the best value apartment in the South Olympia area is the $1.69 price per square foot 3x3 Small Model at Chambers Reserve Townhomes in the in the Lexington neighborhood starting from $2,695. The second greatest value South Olympia apartment is the 3 Beds / 2.5 Baths Model at Forest Park Townhomes starting at $2,550 with a $1.64 price per square foot in the South Westside 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.
Chambers Reserve Townhomes3x3 Small3BR,3BA$1.69
Forest Park Townhomes3 Beds / 2.5 Baths3BR,2.5BA$1.64
Copper Leaf Residences3BR/2.0BA3BR,2BA$1.67
WoodlandConifer2BR,2BA$1.57
TribecaUnit C2BR,2BA$1.79
Firwood ManorTraditional Model2BR,1BA$1.41
The Huntington ApartmentsRenovated 2 bed 2 bath2BR,2BA$1.80
Firwood Grove Apartment LLC2 Bed 2 Bath2BR,2BA$1.85
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Northwood2 Bed 1 Bath2BR,1BA$1.62

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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Pet Friendly Lifestyle
South Olympia, Olympia, WA

Ranked #1

Among neighborhoods in Olympia, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

Getting Around the South Olympia Neighborhood in Olympia, WA

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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 $1,300.

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 $3,375.

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 6 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 $125 which is $3,250 cheaper than the average rent for all rentals in South Olympia.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.