Best Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Madera, West 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 January 31, 2026, the average rent in Olympia is $1,503, which is 0.8% 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
$1,558/Month
Units Available
13 Rentals
Madera is an affordable neighborhood in Olympia with an average rent price of $1,558. Compare this to the city average of $1,503. Madera provides easy access to Sunrise Park, Pierce College Fort Steilacoom, and South Puget Sound Comm. Coll..
West Olympia
Average Rent
$1,658/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
31/100
Units Available
79 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, West Olympia might be the perfect place! It has an average rent price of $1,658, while the city’s average stands at $1,503. In the last year, prices have decreased by 2.3%. West Olympia is near Grass Lake Nature Park, Pierce College Fort Steilacoom, and Garfield Nature Trail.
Tanglewilde East
Average Rent
$1,662/Month
TransitScore® Rating
0/100
Units Available
26 Rentals
Tanglewilde East is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tanglewilde East is $1,662 while the city average is $1,503. Residents enjoy convenient access to O Bee Center, Pierce College Fort Steilacoom, and Nisqually Reach Nature Center. The neighborhood is considered car-dependent with a WalkScore® of 31.
Hawksridge
Average Rent
$1,663/Month
TransitScore® Rating
0/100
Units Available
20 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Hawksridge. The average rent is $1,663, compared to the city average of $1,503. Hawksridge is convenient to Tolmie State Park, The Landing at Hawks Prairie, and Pierce College Fort Steilacoom. The community is somewhat walkable with a WalkScore® of 54.
Meridian Acres
Average Rent
$1,688/Month
Units Available
13 Rentals
Meridian Acres is an affordable neighborhood in Olympia with an average rent price of $1,688. Compare this to the city average of $1,503. Meridian Acres provides easy access to Hawks Rest, The Evergreen State College, and Sam's Plaza.
South Olympia
Average Rent
$1,701/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
24/100
Units Available
143 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 $1,701, while the city’s average stands at $1,503. In the last year, prices have increased by 0.6%. South Olympia is near Pierce College Fort Steilacoom, LBA Park, and The Evergreen State College.
South Westside
Average Rent
$1,714/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
39/100
Units Available
17 Rentals
South Westside is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Westside is $1,714 while the city average is $1,503. This is a 5% difference from last year. Residents enjoy convenient access to Garfield Nature Trail, Evergreen Park, and Sunrise Park. The neighborhood is considered somewhat walkable with a WalkScore® of 58.
North Olympia
Average Rent
$1,714/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
38/100
Units Available
11 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out North Olympia. The average rent is $1,714, compared to the city average of $1,503. Rent prices have increased by 2.7%. North Olympia is convenient to The Evergreen State College, South Puget Sound Comm. Coll., and Pierce College Fort Steilacoom. The community is somewhat walkable with a WalkScore® of 51.
Woodland Creek
Average Rent
$1,881/Month
Units Available
16 Rentals
Woodland Creek is an affordable neighborhood in Olympia with an average rent price of $1,881. Compare this to the city average of $1,503. Woodland Creek provides easy access to 6715 Martin Way E, Madison Scenic Park, and Pierce College Fort Steilacoom.
Downtown Olympia
Average Rent
$1,890/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
54/100
Units Available
66 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Downtown Olympia might be the perfect place! It has an average rent price of $1,890, while the city’s average stands at $1,503. In the last year, prices have decreased by 0.3%. Downtown Olympia is near Clover Park Technical College, The Evergreen State College, and Heritage Park Fountain Park.
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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.