Cheap Apartments for Rent in Olympia, WA from $600 (25 Rentals)

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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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Suncrest Apartments
1 to 3 Bedroom Apartments

Suncrest Apartments

320 Israel Rd SWOlympia, WA 98501
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7602 SE 3rd Ave
2 Bedroom Apartments

7602 SE 3rd Ave

7602 SE 3rd AveOlympia, WA 98503
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
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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
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Silverwood
Studio to 2 Bedroom Apartments

Silverwood

1617 Judd St SELacey, WA 98503
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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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Olympia, WA Local Guide

Photo of Staff Writer  - Local Guide Expert
Written By:
Staff Writer
Local Guide Expert

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 04/07/2025

Current apartment rentals in the Olympia, WA area range in price from $957 to $5,089 with an overall median price of $3,658. The three Olympia neighborhoods with the lowest median rent pricing are Wellington West at $1,199, Goldcrest at $1,199, and Outer West Olympia at $1,199. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Wellington West$2,146$1,199121
Goldcrest$2,595$1,199126
Outer West Olympia$2,745$1,199108
Walnut Park$2,745$1,199145
Bigelow$2,895$1,19974
Bigelow Highlands$2,895$1,19976
Burbank$2,895$1,19997
Downtown$2,895$1,19999
Downtown Olympia$2,895$1,19999
East Bay Drive$2,895$1,199120

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at The Elks Apartments in the South Westside neighborhood priced from $1,195. Cunningham Building in the South Westside neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Elks Apartments1 bed1BR,1BA$1,195
Cunningham Building1BR/1.0BA1BR,1BA$1,195
Boardwalk Senior Affordable ApartmentsA11BR,1BA$1,199
The Timbers Apartments1 Bedroom1BR,1BA$1,200
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,225

Best Value Apartments for Rent in Olympia, WA

As of April 08, 2025 the best value apartment in the 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 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 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 Residences Building A3BR/2.0BA3BR,2BA$1.69
Hawks PrairieChehalis2BR,1.5BA$1.66
The Dakota2 Bed 2 Baths2BR,2BA$1.77
Firwood ManorTraditional Model2BR,1BA$1.41
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Olympia Townhouses - 211 Pattison2BR/1.0BA2BR,1BA$1.42
Northwood2 Bed 1 Bath2BR,1BA$1.62
The Elks Apartments1 bed1BR,1BA$1.53

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Olympia Overview

Olympia is the capital city and the largest town in Washington. With many local attractions and safe communities, many people find the city an ideal place to live. Many government agencies located within the city also offer residents an easy way to professional employment.

Why live in Olympia, WA?

Unlike other cities, Washington’s capital is a vibrant economy with a low population, especially for first-time residents. Despite the heavy presence of industries towards the north, it is a clean, mid-sized capital city with abundant recreational facilities. The Washington’s coasts are within a day’s drive with excellent services and amenities. It is an attractive capital city with a well-kept appearance featuring waterfronts and neighborhoods. The population within Olympia is educated and very friendly. Although finding employment is a bit challenging, current projections and trends are still promising.

Pet Friendly Lifestyle
Olympia, WA

Ranked #14

Among cities in Washington for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Olympia, WA Rentals by Map

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Getting Around Olympia, WA

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

62 / 100

Bikeable

Some bike infrastructure

Transit Score®

33 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Olympia Apartments

What is a cheap apartment in Olympia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Olympia is under $1,345.

What is the price of a cheap apartment in Olympia?

The cheapest apartment in Olympia is The Elks Apartments which is listed at $1,195, while the average apartment in Olympia costs $3,658.

What types of apartments are the cheapest in 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 58 regular apartments in 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 Olympia?

Cheap apartments in Olympia have an average cost of $150 which is $3,508 cheaper than the average rent for all rentals in 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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.