
Cheap Apartments for Rent in the Springwood Neighborhood of Olympia, WA from $600 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Springwood area of Olympia.


Hearthstone Place

1609 7th Ave SE, Unit B

Lansdale Pointe Apartments

Capitol Steps

The Huntington Apartments

The Easterly Apartment Homes
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.

Ensign I & II

Talisman

Landis Pointe

Mulberry Place

211 Pattison St NE

Northwood

Olympia Village
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.

Merritt Manor

Red Leaf Townhomes

New Englander Townhouses

The Abbey

2111 State Ave NE

1223 Puget St NE

629 Apartments
Cash 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.

Trailside

Total Monthly Price
The Elowen

Total Monthly Price
6Wood Flats

Total Monthly Price
1126 Sleater Kinney Rd SE

South Sound Villa Apartments

Golf Club Apartments

The Hub
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.

Modera Lacey
Springwood, Olympia, WA Local Guide

How much does it cost to rent an apartment in Springwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Springwood Studio Apartments | $1,485 | $1,399 | $1,625 |
| Springwood 1 Bedroom Apartments | $1,761 | $1,375 | $1,975 |
| Springwood 2 Bedroom Apartments | $2,124 | $1,561 | $2,563 |
| Springwood 3 Bedroom Apartments | $2,375 | $1,806 | $2,630 |
| Springwood 4 Bedroom Apartments | $2,011 | $2,011 | $2,011 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Springwood Neighborhood of Olympia, WA.
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Springwood, Olympia, WA Local Guide
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Cheapest Available Springwood Apartments for Rent
 The cheapest available apartment rental in the Springwood area of Olympia, WA is a Studio unit found at The Hub priced from $1,399. Hearthstone Place has the second lowest priced unit, which is a Studio apartment currently listed from $1,475. Here are the most affordable Springwood apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Hub | Studio A.1 | Studio,1BA | $1,399 |
| Hearthstone Place | Studio | Studio,1BA | $1,475 |
| Lansdale Pointe Apartments | The Meadow | 2BR,2BA | $1,561 |
| Trailside Apartments | 340 1X1 T | 1BR,1BA | $1,575 |
| 629 Apartments | 629a2 | Studio,1BA | $1,599 |
| Modera Lacey | A03 | 1BR,1BA | $1,688 |
| Abbey West Apartments | Two Bedroom | 2BR,1BA | $1,689 |
| Ensign I & II | 204 2x1 renovated | 2BR,1BA | $1,699 |
| 6Wood Flats | 1x1 A | 1BR,1BA | $1,740 |
| The Elowen | 1x1 C | 1BR,1BA | $1,745 |
Best Value Apartments for Rent in Springwood, WA
As of June 12, 2026 the best value apartment in the Springwood area is the $1.63 price per square foot The Meadow Model at Lansdale Pointe Apartments in the in the Lexington neighborhood starting from $1,561. The second greatest value Springwood apartment is the 289 2X1 T Model at Talisman starting at $1,799 with a $2.01 price per square foot in the Lexington neighborhood. Here is today’s list of the best values for Springwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lansdale Pointe Apartments | The Meadow | 2BR,2BA | $1.63 |
| Talisman | 289 2X1 T | 2BR,1BA | $2.01 |
| 6Wood Flats | 2x2 A | 2BR,2BA | $2.44 |
| Ensign I & II | 204 2x1 renovated | 2BR,1BA | $2.07 |
| The Abbey | Three Bedroom 1 Bath | 3BR,1BA | $2.38 |
| Trailside | 340 1X1 T | 1BR,1BA | $2.25 |
| The Elowen | 1x1 C | 1BR,1BA | $2.65 |
| 1126 Sleater Kinney Rd SE | 2 BR/ 1 BA | 2BR,1BA | $2.74 |
| Modera Lacey | A01 | 1BR,1BA | $2.98 |
| Hearthstone Place | 1 x 1 w/Deck | 1BR,1BA | $2.95 |
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 ArticleReal 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.
Pet Friendly LifestyleSpringwood, Olympia, WA
Ranked #36
Among cities in Washington for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Best Local Schools in Springwood, Olympia, WA
North Thurston High School
School data provided by Great Schools
Frequently Asked Questions about Cheap Springwood Apartments
What is a cheap apartment in Springwood?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Springwood is under $1,745.
What is the price of a cheap apartment in Springwood?
The cheapest apartment in Springwood is Trailside which is listed at $1,575, while the average apartment in Springwood costs $2,590.
What types of apartments are the cheapest in Springwood?
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 3 regular apartments in Springwood that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.