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
Madera is an affordable neighborhood in Olympia with an average rent price of $1,508. Compare this to the city average of $1,509. Madera provides easy access to Cooper Crest Open Space, Capital Village Shopping Center, and Garfield Nature Trail.
Hawksridge
Average Rent
$1,570/Month
TransitScore® Rating
0/100
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Hawksridge might be the perfect place! It has an average rent price of $1,570, while the city’s average stands at $1,509. Hawksridge is near The Evergreen State College, Pierce College Fort Steilacoom, and Nisqually Reach Nature Center.
West Olympia
Average Rent
$1,599/Month
TransitScore® Rating
31/100
Units Available
69 Rentals
West Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Olympia is $1,599 while the city average is $1,509. This is a 0% difference from last year. Residents enjoy convenient access to Sunrise Park, Steamboat Square, and Cooper Point Village. The neighborhood is considered 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
When you’re looking for a great Olympia neighborhood on a budget, check out South Westside. The average rent is $1,626, compared to the city average of $1,509. Rent prices have increased by 4.4%. South Westside is convenient to Garfield Nature Trail, Pierce College Fort Steilacoom, and Decatur Woods Park. The community is somewhat walkable with a WalkScore® of 58.
Tanglewilde East
Average Rent
$1,664/Month
TransitScore® Rating
0/100
Units Available
25 Rentals
Tanglewilde East is an affordable neighborhood in Olympia with an average rent price of $1,664. Compare this to the city average of $1,509. Tanglewilde East provides easy access to Tolmie State Park, South Puget Sound Comm. Coll., and Clover Park Technical College. It’s a car-dependent neighborhood with a WalkScore® of 31.
Meridian Acres
Average Rent
$1,675/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Meridian Acres might be the perfect place! It has an average rent price of $1,675, while the city’s average stands at $1,509. Meridian Acres is near Sam's Plaza, Margaret McKenny Park, and Tolmie State Park.
South Olympia
Average Rent
$1,681/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
24/100
Units Available
158 Rentals
South Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Olympia is $1,681 while the city average is $1,509. This is a 0.7% difference from last year. Residents enjoy convenient access to Pierce College Fort Steilacoom, LBA Park, and Watershed Park. The neighborhood is considered car-dependent with a WalkScore® of 40.
Woodland Creek
Average Rent
$1,794/Month
Units Available
16 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Woodland Creek. The average rent is $1,794, compared to the city average of $1,509. Woodland Creek is convenient to Mission Creek Park, 6715 Martin Way E, and Martin Village.
Olympia Downtown Historic District
Average Rent
$1,834/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 $1,834. Compare this to the city average of $1,509. Olympia Downtown Historic District provides easy access to Heritage Park Fountain Park, Ralph's Thriftway, and Yashiro Japanese Garden. It’s a walkable neighborhood with a WalkScore® of 89.
Downtown Olympia
Average Rent
$1,863/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
54/100
Units Available
65 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 $1,863, while the city’s average stands at $1,509. In the last year, prices have decreased by 0.4%. Downtown Olympia is near Percival Landing, Market Centre, and Ralph's Thriftway.
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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.