Cheapest Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are South Westside, West Olympia, and Downtown Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of June 15, 2026, the average rent in Olympia is $1,531, which is 0.9% 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.
South Westside
Average Rent
$1,582/Month
Year-Over-Year Rent Change
4%
Units Available
25 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, South Westside might be the perfect place! It has an average rent price of $1,582, while the city’s average stands at $1,531. In the last year, prices have increased by 4%. South Westside is near Black Lake Village, Garfield Nature Trail, and Woodruff Park.
West Olympia
Average Rent
$1,601/Month
Year-Over-Year Rent Change
2.4%
Units Available
96 Rentals
West Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Olympia is $1,601 while the city average is $1,531. This is a 2.4% difference from last year. Residents enjoy convenient access to Cooper Crest Open Space, Yauger Park, and Steamboat Square.
Downtown Olympia
Average Rent
$1,672/Month
Year-Over-Year Rent Change
0.2%
Units Available
86 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,672, compared to the city average of $1,531. Rent prices have decreased by 0.2%. Downtown Olympia is convenient to Percival Landing, Ralph's Thriftway, and Market Centre.
South Olympia
Average Rent
$1,724/Month
Year-Over-Year Rent Change
0.2%
Units Available
137 Rentals
South Olympia is an affordable neighborhood in Olympia with an average rent price of $1,724. Compare this to the city average of $1,531. In the past year, rent prices have increased by 0.2%. South Olympia provides easy access to Quizno's Center, Centralia College, and Capitol Blvd SE Retail.
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.