Best Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Madera, North Olympia, and Tanglewilde East. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of December 16, 2025, the average rent in Olympia is $1,511, which is 1.9% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Madera
Average Rent
$1,534/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Madera might be the perfect place! It has an average rent price of $1,534, while the city’s average stands at $1,511. Madera is near Sunrise Park, Clover Park Technical College, and Grass Lake Nature Park.
North Olympia
Average Rent
$1,594/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
38/100
Units Available
10 Rentals
North Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Olympia is $1,594 while the city average is $1,511. This is a 0.3% difference from last year. Residents enjoy convenient access to Friendly Grove Park, Ralph's Thriftway, and Martin Way Station. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Tanglewilde East
Average Rent
$1,632/Month
TransitScore® Rating
0/100
Units Available
23 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Tanglewilde East. The average rent is $1,632, compared to the city average of $1,511. Tanglewilde East is convenient to Seattle-Tacoma International, Nisqually Reach Nature Center, and Tolmie State Park. The community is car-dependent with a WalkScore® of 31.
West Olympia
Average Rent
$1,676/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
31/100
Units Available
72 Rentals
West Olympia is an affordable neighborhood in Olympia with an average rent price of $1,676. Compare this to the city average of $1,511. In the past year, rent prices have increased by 1.9%. West Olympia provides easy access to Garfield Nature Trail, Sunrise Park, and Cooper Crest Open Space. It’s a car-dependent neighborhood with a WalkScore® of 49.
South Olympia
Average Rent
$1,689/Month
TransitScore® Rating
24/100
Units Available
132 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, South Olympia might be the perfect place! It has an average rent price of $1,689, while the city’s average stands at $1,511. In the last year, prices have increased by 0%. South Olympia is near Watershed Park, LBA Park, and Capitol Blvd SE Retail.
Meridian Acres
Average Rent
$1,711/Month
Units Available
11 Rentals
Meridian Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meridian Acres is $1,711 while the city average is $1,511. Residents enjoy convenient access to Chambers Lake Park, Pierce College Fort Steilacoom, and Sam's Plaza.
South Westside
Average Rent
$1,726/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
39/100
Units Available
16 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Westside. The average rent is $1,726, compared to the city average of $1,511. Rent prices have increased by 6.3%. South Westside is convenient to Woodruff Park, South Puget Sound Comm. Coll., and Sunrise Park. The community is somewhat walkable with a WalkScore® of 58.
Hawksridge
Average Rent
$1,738/Month
TransitScore® Rating
0/100
Units Available
16 Rentals
Hawksridge is an affordable neighborhood in Olympia with an average rent price of $1,738. Compare this to the city average of $1,511. Hawksridge provides easy access to Daleland Plaza, Hawks Prairie, and Nisqually National Wildlife Refuge. It’s a somewhat walkable neighborhood with a WalkScore® of 54.
Woodland Creek
Average Rent
$1,869/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Woodland Creek might be the perfect place! It has an average rent price of $1,869, while the city’s average stands at $1,511. Woodland Creek is near Friendly Grove Park, Mission Creek Park, and Pierce College Fort Steilacoom.
Downtown Olympia
Average Rent
$1,890/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
54/100
Units Available
57 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,890 while the city average is $1,511. This is a -0.2% difference from last year. Residents enjoy convenient access to Heritage Park Fountain Park, Bigelow Springs, and Clover Park Technical College. The neighborhood is considered walkable with a WalkScore® of 87.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.