Best Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are South Westside, North Olympia, and West Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of May 1, 2026, the average rent in Olympia is $1,547, which is 1.8% 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.
South Westside
Average Rent
$1,553/Month
Year-Over-Year Rent Change
3.3%
Units Available
10 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Westside. The average rent is $1,553, compared to the city average of $1,547. Rent prices have increased by 3.3%. South Westside is convenient to Capital Square, Garfield Nature Trail, and Sunrise Park.
North Olympia
Average Rent
$1,575/Month
Year-Over-Year Rent Change
5.2%
Units Available
12 Rentals
North Olympia is an affordable neighborhood in Olympia with an average rent price of $1,575. Compare this to the city average of $1,547. In the past year, rent prices have increased by 5.2%. North Olympia provides easy access to Pierce College Fort Steilacoom, Priest Point Park, and Burfoot Park.
West Olympia
Average Rent
$1,601/Month
Year-Over-Year Rent Change
4.3%
Units Available
67 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 $1,601, while the city’s average stands at $1,547. In the last year, prices have increased by 4.3%. West Olympia is near Clover Park Technical College, Cooper Crest Open Space, and Yauger Park.
Downtown Olympia
Average Rent
$1,695/Month
Year-Over-Year Rent Change
2.3%
Units Available
87 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,695 while the city average is $1,547. This is a 2.3% difference from last year. Residents enjoy convenient access to Hulbert Auto Park, Clover Park Technical College, and Percival Landing.
South Olympia
Average Rent
$1,707/Month
Year-Over-Year Rent Change
0.6%
Units Available
162 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Olympia. The average rent is $1,707, compared to the city average of $1,547. Rent prices have increased by 0.6%. South Olympia is convenient to Watershed Park, Trillium Park, and McGrath Woods 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.