2103 Karen Frazier Rd SE
OlympiaWA98501
Cheap Homes for Rent in South Olympia Neighborhood of Olympia, WA from $1,400 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the South Olympia area of Olympia.
717 Adams St SE
OlympiaWA98501
4811 Rural Rd SW
TumwaterWA98512
1609 7th Ave SE, Unit B
1609 7th Ave SE
OlympiaWA98501
715 Adams St SE
OlympiaWA98501
6317 Barstow Ln SE, Unit 8
6317 Barstow Ln SE
LaceyWA98513
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.
close
View Me
$1,8652 Bedroom Apartments Available Now
2400 20th Ave NW
2400 20th Ave NWOlympia, WA 98502
125 Decatur St NW
OlympiaWA98502
660 Malibu Dr SE
OlympiaWA98503
2016 Porta Ct NW
OlympiaWA98502
2111 State Ave NE
OlympiaWA98506
2005 Porta Ct NW
OlympiaWA98502
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.
Showing Results 1-12, Page 1 of 1
South Olympia, Olympia, WA Local Guide
How much does it cost to rent a home in South Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Olympia 2 Bedroom Homes for Rent | $2,198 | $1,590 | $3,500 |
| South Olympia 3 Bedroom Homes for Rent | $2,698 | $2,200 | $3,125 |
| South Olympia 4 Bedroom Homes for Rent | $3,166 | $2,700 | $3,975 |
| South Olympia 5 Bedroom Homes for Rent | $3,275 | $3,275 | $3,275 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the South Olympia Neighborhood of Olympia, WA.
Explore Olympia
South Olympia, Olympia, WA Local Guide
- Nearby Olympia neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 The Cunningham Apartments priced from $1,025. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Cunningham Apartments | 0BR/1.0BA | Studio,1BA | $1,025 |
| Boardwalk Senior Affordable Apartments | A4 | 1BR,1BA | $1,099 |
| Brentwood 509 Apartments | 1 BR/ 1 BA | 1BR,1BA | $1,100 |
| Stuart Place | 1.645 | 1BR,1BA | $1,153 |
| Westwater Village | The Deschutes | Studio,1BA | $1,187 |
Best Value Apartments for Rent in South Olympia, WA
As of June 11, 2026 the best value apartment in the South Olympia area is the $1.67 price per square foot 3 Bed 2.5 Bath Townhome Model at Parkside Executive Townhomes at Briggs in the in the Wellington West neighborhood starting from $2,845. The second greatest value South Olympia apartment is the 3 Bd / 3 Ba + 1-Car Garage Model at Chambers Reserve Townhomes starting at $2,545 with a $1.60 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Parkside Executive Townhomes at Briggs | 3 Bed 2.5 Bath Townhome | 3BR,2.5BA | $1.67 |
| Chambers Reserve Townhomes | 3 Bd / 3 Ba + 1-Car Garage | 3BR,3BA | $1.60 |
| Copper Leaf Residences | 1BR/1.0BA | 1BR,1BA | $1.68 |
| Breckenridge Apartments | Westbury | 2BR,2BA | $1.67 |
| Breckenridge Heights | Coventry | 2BR,2BA | $1.50 |
| Firwood Grove | 2BR/2.0BA | 2BR,2BA | $1.69 |
| Lansdale Pointe Apartments | The Meadow | 2BR,2BA | $1.63 |
| Forest Grove Apartments | Cascade | 2BR,2BA | $1.67 |
| Copper Trail | Rainier | 2BR,1BA | $1.74 |
| Dawcrest Apartments | 1BR / 1 BA | 1BR,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.
Read Article
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.
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.
Let everyone know!
Do you know the South Olympia area?
If you’re an expert on all things South Olympia, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in South Olympia, Olympia, WA
George Washington Bush Middle School
Tumwater School District
Public School - Grades 6-8 (747)
6 out of 10
School data provided by Great Schools
Frequently Asked Questions about South Olympia
What type of rentals are currently available in South Olympia?
There are currently 263 Apartments for Rent in South Olympia, WA with pricing that ranges from $1,100 to $5,150. There are also 67 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Olympia ranging from $1,470 to $3,975.
What is the current price range for Rental Homes in South Olympia?
Today's rental pricing for Homes for Rent, Condos and Townhomes in South Olympia ranges from $1,470 to $3,975 with an average monthly rent of $2,409.
How much are larger Three and Four Bedroom Rentals in South Olympia?
For those who are looking for larger living arrangements, Three Bedroom Apartments in South Olympia range from $1,700 to $3,035, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $3,125. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,011.
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
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.