Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $662 (130 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

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property at 719 Division St NW
$1,510 - $1,711

Total Monthly Price

Base Rent$1,510 - $1,711
Total Monthly Price$1,510 - $1,711
1 Bedroom, 1 Bath Townhome for Rent
Available Oct 1
Affordability

719 Division St NW

OlympiaWA98502
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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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Smyth
Rent Specials
$1,634 - $2,766

Total Monthly Price

Base Rent$1,634 - $2,766
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

Smyth

3425 Polo Club Ln SEOlympia, WA 98501
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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
$1,701 - $2,137

Total Monthly Price

Base Rent$1,701 - $2,137
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Goat

3311 6th Ave SWOlympia, WA 98502
Pet Friendly
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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. Boardwalk Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,099. Here are the most affordable South Olympia apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Stuart Places.4401BR, 1BA$1,076
Boardwalk Senior Affordable ApartmentsA51BR, 1BA$1,099
Brentwood 509 Apartments1 BR/ 1 BA1BR, 1BA$1,100
Dawcrest Apartments1BR / 1 BA1BR, 1BA$1,200
Brentwood Apartmentsone bedroom1BR, 1BA$1,200
Heritage Park ApartmentsStudioStudio, 1BA$1,205
Westwater VillageThe Deschutes - No BalconyStudio, 1BA$1,219
123-4thA5-PlazaStudio, 1BA$1,225
Market FlatsStudioStudio, 1BA$1,250
Abalon Pointe1x11BR, 1BA$1,279

Best Value Apartments for Rent in South Olympia, WA

As of September 19, 2026 the best value apartment in the South Olympia area is the $1.76 price per square foot 3BR/2.5BA Model at Forest Park Townhomes in the Wellington West neighborhood starting from $2,750. The second greatest value South Olympia apartment is the 3BR/2.5BA Model at Kensington Townhomes in the Wellington West neighborhood starting at $2,395 with a $1.85 price per square foot. 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.
Forest Park Townhomes3BR/2.5BA3BR, 2.5BA$1.76
Kensington Townhomes3BR/2.5BA3BR, 2.5BA$1.85
Pacific Place Apartmentstwo bedroom2BR, 1BA$1.87
Breckenridge HeightsStrafford3BR, 2BA$1.81
Copper Leaf Residences2BR/2.0BA2BR, 2BA$1.74
TribecaUnit C2BR, 2BA$1.84
Crowne Pointe ApartmentsThe Canterbury2BR, 2BA$1.60
Cambridge Court1 Bed 1 Bath B1BR, 1BA$1.75
Abalon Pointe1x11BR, 1BA$1.64
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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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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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 $1,279.

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 $1,750.

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 17 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 $379 which is $1,371 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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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.