Cheapest Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Colonial Estates, South Westside, and West Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of July 30, 2026, the average rent in Olympia is $1,554, which is 1.1% 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.
Colonial Estates
Average Rent
$1,523/Month
Units Available
14 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Colonial Estates. The average rent is $1,523, compared to the city average of $1,554.
South Westside
Average Rent
$1,648/Month
Year-Over-Year Rent Change
4.3%
Units Available
23 Rentals
South Westside is an affordable neighborhood in Olympia with an average rent price of $1,648. Compare this to the city average of $1,554. In the past year, rent prices have increased by 4.3%. South Westside provides easy access to Woodruff Park, Garfield Nature Trail, and The Evergreen State College.
West Olympia
Average Rent
$1,660/Month
Year-Over-Year Rent Change
3.6%
Units Available
96 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 $1,660, while the city’s average stands at $1,554. In the last year, prices have increased by 3.6%. West Olympia is near Cooper Point Village, Clover Park Technical College, and Steamboat Square.
Downtown Olympia
Average Rent
$1,665/Month
Year-Over-Year Rent Change
0.8%
Units Available
92 Rentals
Downtown Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Olympia is $1,665 while the city average is $1,554. This is a -0.8% difference from last year. Residents enjoy convenient access to Market Centre, Yashiro Japanese Garden, and Heritage Park Fountain Park.
Meridian Acres
Average Rent
$1,681/Month
Units Available
12 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Meridian Acres. The average rent is $1,681, compared to the city average of $1,554.
Tanglewilde East
Average Rent
$1,688/Month
Units Available
19 Rentals
Tanglewilde East is an affordable neighborhood in Olympia with an average rent price of $1,688. Compare this to the city average of $1,554.
South Olympia
Average Rent
$1,707/Month
Year-Over-Year Rent Change
1.5%
Units Available
144 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 $1,707, while the city’s average stands at $1,554. In the last year, prices have increased by 1.5%. South Olympia is near Old Town Plaza, Trillium Park, and McGrath Woods Park.
Woodbury Crossing
Average Rent
$2,152/Month
Units Available
10 Rentals
Woodbury Crossing is a top choice for budget-conscious renters for a variety of reasons. The average rent in Woodbury Crossing is $2,152 while the city average is $1,554.
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.