Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Olympia Downtown Historic District, Madera, and Downtown Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of August 3, 2025, the average rent in Olympia is $1,507, which is 2.9% 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.
Olympia Downtown Historic District
Average Rent
$1,410/Month
TransitScore® Rating
55/100
Units Available
42 Rentals
Olympia Downtown Historic District is an affordable neighborhood in Olympia with an average rent price of $1,410. Compare this to the city average of $1,507. Olympia Downtown Historic District provides easy access to Heritage Park Fountain Park, Clover Park Technical College, and Ralph's Thriftway. It’s a walkable neighborhood with a WalkScore® of 89.
Madera
Average Rent
$1,486/Month
Units Available
14 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 $1,486, while the city’s average stands at $1,507. Madera is near Sunrise Park, Clover Park Technical College, and Cooper Crest Open Space.
Downtown Olympia
Average Rent
$1,598/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
54/100
Units Available
60 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,598 while the city average is $1,507. This is a 1% difference from last year. Residents enjoy convenient access to The Evergreen State College, East Bay Waterfront Park, and Pierce College Fort Steilacoom. The neighborhood is considered walkable with a WalkScore® of 87.
South Westside
Average Rent
$1,643/Month
Year-Over-Year Rent Change
4.4%
TransitScore® Rating
39/100
Units Available
10 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Westside. The average rent is $1,643, compared to the city average of $1,507. Rent prices have increased by 4.4%. South Westside is convenient to Pierce College Fort Steilacoom, Decatur Woods Park, and The Evergreen State College. The community is somewhat walkable with a WalkScore® of 58.
South Olympia
Average Rent
$1,698/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
24/100
Units Available
48 Rentals
South Olympia is an affordable neighborhood in Olympia with an average rent price of $1,698. Compare this to the city average of $1,507. In the past year, rent prices have increased by 0.9%. South Olympia provides easy access to Capitol Blvd SE Retail, Pierce College Fort Steilacoom, and Watershed Park. It’s a car-dependent neighborhood with a WalkScore® of 40.
Tanglewilde East
Average Rent
$1,834/Month
TransitScore® Rating
0/100
Units Available
14 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 $1,834, while the city’s average stands at $1,507. Tanglewilde East is near Nisqually Reach Nature Center, The Evergreen State College, and Nisqually National Wildlife Refuge.
West Olympia
Average Rent
$1,895/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
31/100
Units Available
61 Rentals
West Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Olympia is $1,895 while the city average is $1,507. This is a 2.6% difference from last year. Residents enjoy convenient access to Garfield Nature Trail, Steamboat Square, and Clover Park Technical College. The neighborhood is considered car-dependent with a WalkScore® of 49.
Woodland Creek
Average Rent
$2,526/Month
Units Available
12 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Woodland Creek. The average rent is $2,526, compared to the city average of $1,507. Woodland Creek is convenient to Chambers Lake Park, South Puget Sound Comm. Coll., and Friendly Grove Park.
Ready to make your move to Olympia? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.