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from $1,225Studio to 1 Bedroom Apartments Available Now
The Malt House Apartment Homes
505 Legion Way SEOlympia, WA 98501
Cheap Apartments for Rent in the Downtown Olympia Neighborhood of Olympia, WA from $900 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Olympia area of Olympia.
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from $1,250Studio to 3 Bedroom Apartments Available Now
Westman Mills
510 State Ave NEOlympia, WA 98501
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504 4th Ave E
OlympiaWA98501
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Downtown Olympia, Olympia, WA Local Guide
How much does it cost to rent an apartment in Downtown Olympia?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Olympia Studio Apartments | $1,306 | $1,225 | $1,736 |
| Downtown Olympia 1 Bedroom Apartments | $1,687 | $1,199 | $3,278 |
| Downtown Olympia 2 Bedroom Apartments | $2,134 | $1,356 | $3,921 |
| Downtown Olympia 3 Bedroom Apartments | $2,563 | $1,920 | $3,650 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 2 mile radius of the Downtown Olympia Neighborhood of Olympia, WA.
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Cheapest Available Downtown Olympia Apartments for Rent
The cheapest available apartment rental in the Downtown Olympia area of Olympia, WA is a 1 Bed unit found at The Elks Apartments priced from $1,195. Boardwalk Senior Affordable Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable Downtown Olympia apartments for rent in Olympia, WA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Elks Apartments | 1 bed | 1BR,1BA | $1,195 |
| Boardwalk Senior Affordable Apartments | A1 | 1BR,1BA | $1,199 |
| The Malt House Apartment Homes | 0BR/1.0BA | Studio,1BA | $1,225 |
Best Value Apartments for Rent in Downtown Olympia, WA
As of April 12, 2025 the best value apartment in the Downtown Olympia area is the $1.69 price per square foot 3BR/2.0BA Model at Copper Leaf Residences Building A in the in the South Westside neighborhood starting from $2,400. The second greatest value Downtown Olympia apartment is the Pathfinder Model at Overlander starting at $1,684 with a $2.10 price per square foot in the Wellington West neighborhood. Here is today’s list of the best values for Downtown Olympia apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Copper Leaf Residences Building A | 3BR/2.0BA | 3BR,2BA | $1.69 |
| Overlander | Pathfinder | 1BR,1BA | $2.10 |
| Breckenridge Heights | Windsor | 1BR,1BA | $1.88 |
| The Elks Apartments | 1 bed | 1BR,1BA | $1.53 |
| Capitol Crossing | 1x1 | 1BR,1BA | $2.04 |
| Silver Leaf Residences Building A | 1BR/1.0BA | 1BR,1BA | $2.49 |
| Woodland | Elm | Studio ,1BA | $2.35 |
| Montair at Somerset Hill | Adams | 1BR,1BA | $2.47 |
| The Malt House Apartment Homes | 0BR/1.0BA | Studio ,1BA | $2.84 |
| Boardwalk Senior Affordable Apartments | A1 | 1BR,1BA | $2.78 |
Getting Around the Downtown Olympia Neighborhood in Olympia, WA
Walk Score®
87 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
93 / 100
Biker's Paradise
Daily errands can be accomplished on a bike
Transit Score®
54 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Downtown Olympia Apartments
What is a cheap apartment in Downtown Olympia?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Olympia is under $1,595.
What is the price of a cheap apartment in Downtown Olympia?
The cheapest apartment in Downtown Olympia is The Elks Apartments which is listed at $1,195, while the average apartment in Downtown Olympia costs $2,150.
What types of apartments are the cheapest in Downtown 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 2 regular apartments in Downtown 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 Downtown Olympia?
Cheap apartments in Downtown Olympia have an average cost of $178 which is $1,972 cheaper than the average rent for all rentals in Downtown 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.
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.
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.
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.
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.