Cheap Apartments for Rent in the South Olympia Neighborhood of Olympia, WA from $600 (25 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
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Suncrest Apartments
1 to 3 Bedroom Apartments

Suncrest Apartments

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

Capitol Terrace

1517 Capitol Way SOlympia, WA 98501
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The Elks Apartments
1 to 2 Bedroom Apartments

The Elks Apartments

609-613 Capitol Way SOlympia, WA 98501
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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
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The Ashton
1 to 2 Bedroom Apartments

The Ashton

1025 Neil St NELacey, WA 98516
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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 Reserve at Lacey 55+ Affordable Living priced from $1,191. The Elks Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,195. Here are the most affordable South Olympia apartments for rent in Olympia, WA:

Apartment ListingModel NameBed/BathPriced From
Reserve at Lacey 55+ Affordable Living1 Bed 1 Bath (A6)1BR,1BA$1,191
The Elks Apartments1 bed1BR,1BA$1,195
Boardwalk Senior Affordable ApartmentsA11BR,1BA$1,199
Capitol Club ApartmentsOne Bedroom1BR,1BA$1,225
The Malt House Apartment Homes0BR/1.0BAStudio,1BA$1,225

Best Value Apartments for Rent in South Olympia, WA

As of April 16, 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$1.69
Regency Apartments2B 2B small2BR,2BA$1.79
The Dakota2 Bed 2 Baths2BR,2BA$1.79
Firwood ManorTraditional Model2BR,1BA$1.41
Abalon Pointe Apartments2 Bed 1 Bath2BR,1BA$1.74
Olympia Townhouses - 211 Pattison2BR/1.0BA2BR,1BA$1.39
Northwood2 Bed 1 Bath2BR,1BA$1.62
The Elks Apartments1 bed1BR,1BA$1.53

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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 the Cheapest Studio apartment in South Olympia?

Currently the most affordable Cheap Studio Apartment in South Olympia is at The Malt House Apartment Homes listed at $1,225.

How much is rent for a Cheap One Bedroom South Olympia Apartment?

The lowest price for a Cheap One Bedroom South Olympia Apartment is $1,191 at Reserve at Lacey 55+ Affordable Living.

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

Today's best deal for a Cheap Two Bedroom Apartment in South Olympia is starting from $1,255 at Olympia Townhouses - 211 Pattison.

What is the most affordable South Olympia Three Bedroom Apartment?

The best deal on a cheap South Olympia Three Bedroom Apartment rental is at The Abbey and starts from $1,800.

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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Know Your Rights - How Discrimination Laws Impact Landlords & 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.

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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.