Cheap Homes for Rent in Olympia, WA from $1,100 (8 Rentals)

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Cheap Homes in Olympia.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Olympia, WA Local Guide

Cheapest Neighborhoods for Apartments in Olympia, WA

Pricing Updated: 05/02/2025

Current apartment rentals in the Olympia, WA area range in price from $957 to $4,179 with an overall median price of $3,040. The three Olympia neighborhoods with the lowest median rent pricing are North East at $1,099, Bigelow at $1,099, and Downtown at $1,099. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Olympia Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North East$2,037$1,09981
Bigelow$2,225$1,09966
Downtown$2,253$1,09995
Downtown Olympia$2,253$1,09994
Bigelow Highlands$2,260$1,09973
Burbank$2,325$1,09985
Ridge at Suncrest$2,410$1,39566
Westbrook Park$2,995$1,099126
Goldcrest$2,997$1,099109
Outer West Olympia$2,997$1,09985

Cheapest Available Olympia Apartments for Rent

 

The cheapest available apartment rental in Olympia, WA is a 1 Bed unit found at Boardwalk Senior Affordable Apartments in the Wellington West neighborhood priced from $1,099. Cunningham Building in the South Westside neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,100. Here is today’s list of the most affordable Olympia apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Boardwalk Senior Affordable ApartmentsA11BR,1BA$1,099
Cunningham Building0BR/1.0BAStudio,1BA$1,100
Reserve at Lacey 55+ Affordable Living1 Bed 1 Bath (A11A)1BR,1BA$1,191

Best Value Apartments for Rent in Olympia, WA

As of May 02, 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
Emerald Pointe ApartmentsThree Bedroom Two Bath3BR,2BA$1.68
Hawks PrairieChehalis2BR,1.5BA$1.58
Capitol City Apartments2 x 12BR,1BA$1.53
Firwood ManorTraditional Model2BR,1BA$1.41
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
College Pointe Apartments2x1 E2BR,1BA$1.72
Northwood2 Bed 1 Bath2BR,1BA$1.62

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Frequently Asked Questions about Olympia

What type of rentals are currently available in Olympia?

There are currently 267 Apartments for Rent in Olympia, WA with pricing that ranges from $1,099 to $4,179. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olympia ranging from $1,100 to $3,975.

What is the current price range for Rental Homes in Olympia?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Olympia ranges from $1,100 to $3,975 with an average monthly rent of $2,278.

How much are larger Three and Four Bedroom Rentals in Olympia?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Olympia range from $1,646 to $4,179, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,000. Four Bedroom Single-Family rentals are also available starting from $2,300 and Four Bedroom Apartments start at $2,970.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.