Cheap Apartments for Rent in the Downtown Neighborhood of Olympia, WA from $900 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown area of Olympia.

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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
  • Utilities Inc.
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Inc.
property at 504 4th Ave E

504 4th Ave E

OlympiaWA98501
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Westman Mills
Studio to 3 Bedroom Apartments

Westman Mills

510 State Ave NEOlympia, WA 98501
  • Utilities Inc.

Downtown, Olympia, WA Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown 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 apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Cunningham Building0BR/1.0BAStudio,1BA$1,095
Boardwalk Senior Affordable ApartmentsA11BR,1BA$1,199
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,225
The Lurana0BR/1.0BAStudio,1BA$1,300
Capitol Crossing1x11BR,1BA$1,450

Best Value Apartments for Rent in Downtown, WA

As of March 13, 2025 the best value apartment in the Downtown 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 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 apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
7915 Verona Loop7915 Verona Loop4BR,2.5BA$1.44
7817 Verona Loop7817 Verona Loop4BR,2.5BA$1.44
Copper Leaf Residences Building A3BR/2.0BA3BR,2BA$1.69
The GoatD13BR,2BA$2.24
123-4thC32BR,2BA$2.31
WoodlandBirch1BR,1BA$1.94
Breckenridge HeightsWindsor1BR,1BA$1.88
Capitol Crossing1x11BR,1BA$2.04
Heritage Park Apartments1 Bedroom1BR,1BA$2.00
Montair at Somerset HillAdams1BR,1BA$2.47

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Pet Friendly Lifestyle
Downtown, Olympia, WA

Ranked #36

Among neighborhoods in Olympia, WA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

Currently the most affordable Cheap Studio Apartment in Downtown is at Cunningham Building listed at $1,095.

How much is rent for a Cheap One Bedroom Downtown Apartment?

The lowest price for a Cheap One Bedroom Downtown Apartment is $1,195 at Cunningham Building.

What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $1,399 at Boardwalk Senior Affordable Apartments.

What is the most affordable Downtown Three Bedroom Apartment?

The best deal on a cheap Downtown 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.

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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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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.

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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.