Best Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Madera, Hawksridge, and West Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of March 17, 2026, the average rent in Olympia is $1,509, which is 1.2% 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
$1,508/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 $1,508, while the city’s average stands at $1,509. Madera is near Pierce College Fort Steilacoom, The Evergreen State College, and Cooper Point Village.
Hawksridge
Average Rent
$1,570/Month
TransitScore® Rating
0/100
Units Available
21 Rentals
Hawksridge is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hawksridge is $1,570 while the city average is $1,509. Residents enjoy convenient access to The Evergreen State College, Clover Park Technical College, and Daleland Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
West Olympia
Average Rent
$1,599/Month
TransitScore® Rating
31/100
Units Available
69 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out West Olympia. The average rent is $1,599, compared to the city average of $1,509. Rent prices have increased by 0%. West Olympia is convenient to Cooper Crest Open Space, Garfield Nature Trail, and Steamboat Square. The community is car-dependent with a WalkScore® of 49.
South Westside
Average Rent
$1,626/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
39/100
Units Available
10 Rentals
South Westside is an affordable neighborhood in Olympia with an average rent price of $1,626. Compare this to the city average of $1,509. In the past year, rent prices have increased by 4.4%. South Westside provides easy access to Evergreen Park, Pierce College Fort Steilacoom, and Decatur Woods Park. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Tanglewilde East
Average Rent
$1,664/Month
TransitScore® Rating
0/100
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Tanglewilde East might be the perfect place! It has an average rent price of $1,664, while the city’s average stands at $1,509. Tanglewilde East is near Nisqually Reach Nature Center, South Puget Sound Comm. Coll., and Margaret McKenny Park.
Meridian Acres
Average Rent
$1,675/Month
Units Available
14 Rentals
Meridian Acres is a top choice for budget-conscious renters for a variety of reasons. The average rent in Meridian Acres is $1,675 while the city average is $1,509. Residents enjoy convenient access to Seattle-Tacoma International, Sam's Plaza, and Pierce College Fort Steilacoom.
South Olympia
Average Rent
$1,681/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
24/100
Units Available
158 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Olympia. The average rent is $1,681, compared to the city average of $1,509. Rent prices have increased by 0.7%. South Olympia is convenient to Watershed Park, Quizno's Center, and Centralia College. The community is car-dependent with a WalkScore® of 40.
Woodland Creek
Average Rent
$1,794/Month
Units Available
16 Rentals
Woodland Creek is an affordable neighborhood in Olympia with an average rent price of $1,794. Compare this to the city average of $1,509. Woodland Creek provides easy access to Martin Way Station, Margaret McKenny Park, and The Evergreen State College.
Olympia Downtown Historic District
Average Rent
$1,834/Month
TransitScore® Rating
55/100
Units Available
42 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Olympia Downtown Historic District might be the perfect place! It has an average rent price of $1,834, while the city’s average stands at $1,509. Olympia Downtown Historic District is near The Evergreen State College, Heritage Park Fountain Park, and Yashiro Japanese Garden.
Downtown Olympia
Average Rent
$1,863/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
54/100
Units Available
65 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,863 while the city average is $1,509. This is a -0.4% difference from last year. Residents enjoy convenient access to Pierce College Fort Steilacoom, Bigelow Springs, and Percival Landing. 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.