Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Olympia Downtown Historic District, Madera, and South Westside. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of June 19, 2025, the average rent in Olympia is $1,488, which is 0.7% 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
$1,393/Month
TransitScore® Rating
55/100
Units Available
40 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Olympia Downtown Historic District. The average rent is $1,393, compared to the city average of $1,488. Olympia Downtown Historic District is convenient to Heritage Park Fountain Park, Yashiro Japanese Garden, and Percival Landing. The community is walkable with a WalkScore® of 89.
Madera
Average Rent
$1,559/Month
Units Available
14 Rentals
Madera is an affordable neighborhood in Olympia with an average rent price of $1,559. Compare this to the city average of $1,488. Madera provides easy access to Pierce College Fort Steilacoom, The Evergreen State College, and Sunrise Park.
South Westside
Average Rent
$1,568/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
39/100
Units Available
10 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 $1,568, while the city’s average stands at $1,488. In the last year, prices have increased by 4%. South Westside is near Lakemoor Commercial Park, Pierce College Fort Steilacoom, and Clover Park Technical College.
Downtown Olympia
Average Rent
$1,595/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
54/100
Units Available
57 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,595 while the city average is $1,488. This is a 0.9% difference from last year. Residents enjoy convenient access to Ralph's Thriftway, The Evergreen State College, and Hulbert Auto Park. The neighborhood is considered walkable with a WalkScore® of 87.
West Olympia
Average Rent
$1,600/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
48 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out West Olympia. The average rent is $1,600, compared to the city average of $1,488. Rent prices have increased by 0.1%. West Olympia is convenient to Cooper Point Landing, Garfield Nature Trail, and Cooper Crest Open Space. The community is car-dependent with a WalkScore® of 49.
South Olympia
Average Rent
$1,635/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
24/100
Units Available
49 Rentals
South Olympia is an affordable neighborhood in Olympia with an average rent price of $1,635. Compare this to the city average of $1,488. In the past year, rent prices have decreased by 2.6%. South Olympia provides easy access to South Puget Sound Comm. Coll., The Evergreen State College, and Quizno's Center. It’s a car-dependent neighborhood with a WalkScore® of 40.
Tanglewilde East
Average Rent
$1,764/Month
TransitScore® Rating
0/100
Units Available
19 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 $1,764, while the city’s average stands at $1,488. Tanglewilde East is near Nisqually Reach Nature Center, South Puget Sound Comm. Coll., and O Bee Center.
Woodland Creek
Average Rent
$1,863/Month
Units Available
11 Rentals
Woodland Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Woodland Creek is $1,863 while the city average is $1,488. Residents enjoy convenient access to Chambers Lake Park, Clover Park Technical College, and The Evergreen State College.
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.