Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (26 Rentals)

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

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Ashwood Downs Apartments
2 to 3 Bedroom Apartments

Ashwood Downs Apartments

1900 Ashwood Downs Ln SEOlympia, WA 98501
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Suncrest Apartments
1 to 3 Bedroom Apartments

Suncrest Apartments

320 Israel Rd SWOlympia, WA 98501
  • Utilities Included
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Capitol Terrace
Studio to 2 Bedroom Apartments

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
  • Utilities Included
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Timbers West
1 to 2 Bedroom Apartments

Timbers West

1714 Evergreen Park Ct SWOlympia, WA 98502
  • Utilities Included
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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
  • Utilities Included

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.

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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
  • Utilities Included
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The Ashton
1 to 2 Bedroom Apartments

The Ashton

1025 Neil St NELacey, WA 98516

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.

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Golf Club Apartments
1 to 3 Bedroom Apartments

Golf Club Apartments

1130 Golf Club Rd SELacey, WA 98503
  • Utilities Included

South Olympia, Olympia, WA Local Guide

Cheapest Available South Olympia Apartments for Rent

 

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

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 (A1)1BR,1BA$1,191
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,225
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,225
Alpine VillageStudioStudio,1BA$1,240
The Timbers Apartments1 Bedroom1BR,1BA$1,245
Westman MillsStudioStudio,1BA$1,250
123-4thA5Studio,1BA$1,275
The Lurana0BR/1.0BAStudio,1BA$1,300

Best Value Apartments for Rent in South Olympia, WA

As of May 14, 2025 the best value apartment in the South 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 South 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 South 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$1.68
The Villas at Kennedy Creek ApartmentsGlacier3BR,2BA$1.85
Regency Apartments2B 2B small2BR,2BA$1.79
The Dakota2 Bed 2 Baths2BR,2BA$1.72
Parkview Apartments2 Bed 2 Bath2BR,2BA$1.84
TribecaUnit C2BR,2BA$1.79
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Northwood2 Bed 1 Bath2BR,1BA$1.62

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
South Olympia, Olympia, WA

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Washington, including Olympia. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, family-friendly amenities, raising pets, transit options, walking, and biking. These search options are in the site filters at the top of this page.

Getting Around the South Olympia Neighborhood in Olympia, WA

Walk Score®

40 / 100

Car-Dependent

Most errands require a car

Bike Score®

47 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

Frequently Asked Questions about Cheap South Olympia Apartments

What is a cheap apartment in South Olympia?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Olympia is under $1,300.

What is the price of a cheap apartment in South Olympia?

The cheapest apartment in South Olympia is Boardwalk Senior Affordable Apartments which is listed at $1,099, while the average apartment in South Olympia costs $3,444.

What types of apartments are the cheapest in South 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 South 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 South Olympia?

Cheap apartments in South Olympia have an average cost of $123 which is $3,321 cheaper than the average rent for all rentals in South 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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.