
Cheap Apartments for Rent in the Downtown Olympia Neighborhood of Olympia, WA from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Olympia area of Olympia.


The Malt House Apartment Homes

The Lurana

504 4th Ave E
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 | $1,307 | $1,225 | $1,719 |
Downtown Olympia 1 Bedroom Apartments | $1,663 | $1,199 | $3,232 |
Downtown Olympia 2 Bedroom Apartments | $2,177 | $1,356 | $4,084 |
Downtown Olympia 3 Bedroom Apartments | $2,639 | $1,975 | $3,896 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Downtown Olympia Neighborhood of Olympia, WA.
See all Apartments in OlympiaExplore Olympia
Cheapest Available Downtown Olympia Apartments for Rent
 The cheapest available apartment rental in the Downtown Olympia area of Olympia, WA is a Studio unit found at Cunningham Building priced from $1,095. 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 |
---|---|---|---|
Cunningham Building | 0BR/1.0BA | Studio,1BA | $1,095 |
Boardwalk Senior Affordable Apartments | A1 | 1BR,1BA | $1,199 |
The Malt House Apartment Homes | 0BR/1.0BA | Studio,1BA | $1,225 |
The Lurana | 0BR/1.0BA | Studio,1BA | $1,300 |
Capitol Crossing | 1x1 | 1BR,1BA | $1,450 |
Best Value Apartments for Rent in Downtown Olympia, WA
As of March 13, 2025 the best value apartment in the Downtown Olympia area is the $1.44 price per square foot 7915 Verona Loop Model at 7915 Verona Loop in the in the South Westside neighborhood starting from $2,895. The second greatest value Downtown Olympia apartment is the 7817 Verona Loop Model at 7817 Verona Loop starting at $2,895 with a $1.44 price per square foot in the South Westside 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. |
---|---|---|---|
7915 Verona Loop | 7915 Verona Loop | 4BR,2.5BA | $1.44 |
7817 Verona Loop | 7817 Verona Loop | 4BR,2.5BA | $1.44 |
Copper Leaf Residences Building A | 3BR/2.0BA | 3BR,2BA | $1.69 |
The Goat | D1 | 3BR,2BA | $2.24 |
123-4th | C3 | 2BR,2BA | $2.31 |
Woodland | Birch | 1BR,1BA | $1.94 |
Breckenridge Heights | Windsor | 1BR,1BA | $1.88 |
Capitol Crossing | 1x1 | 1BR,1BA | $2.04 |
Silver Leaf Residences Building A | 1BR/1.0BA | 1BR,1BA | $2.49 |
Montair at Somerset Hill | Adams | 1BR,1BA | $2.47 |
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 the Cheapest Studio apartment in Downtown Olympia?
Currently the most affordable Cheap Studio Apartment in Downtown Olympia is at Cunningham Building listed at $1,095.
How much is rent for a Cheap One Bedroom Downtown Olympia Apartment?
The lowest price for a Cheap One Bedroom Downtown Olympia Apartment is $1,195 at Cunningham Building.
What is the lowest price for a Cheap Two Bedroom Downtown Olympia Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Olympia is starting from $1,399 at Boardwalk Senior Affordable Apartments.
What is the most affordable Downtown Olympia Three Bedroom Apartment?
The best deal on a cheap Downtown Olympia Three Bedroom Apartment rental is at Montair at Somerset Hill and starts from $2,226.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.