Cheapest Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Colonial Estates, Downtown Olympia, and South Westside. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of September 13, 2026, the average rent in Olympia is $1,542, which is 0.4% 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
$1,522/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 $1,522, compared to the city average of $1,542. Colonial Estates is convenient to LBA Park, Margaret McKenny Park, and The Evergreen State College.
Downtown Olympia
Average Rent
$1,579/Month
Year-Over-Year Rent Change
0.7%
Units Available
60 Rentals
Downtown Olympia is an affordable neighborhood in Olympia with an average rent price of $1,579. Compare this to the city average of $1,542. In the past year, rent prices have decreased by 0.7%. Downtown Olympia provides easy access to East Bay Waterfront Park, South Puget Sound Comm. Coll., and Percival Landing.
South Westside
Average Rent
$1,591/Month
Year-Over-Year Rent Change
2.2%
Units Available
19 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 $1,591, while the city’s average stands at $1,542. In the last year, prices have increased by 2.2%. South Westside is near Decatur Woods Park, Garfield Nature Trail, and South Puget Sound Comm. Coll..
West Olympia
Average Rent
$1,593/Month
Units Available
101 Rentals
West Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Olympia is $1,593 while the city average is $1,542. This is a 0% difference from last year. Residents enjoy convenient access to Clover Park Technical College, Sunrise Park, and Pierce College Fort Steilacoom.
South Olympia
Average Rent
$1,701/Month
Year-Over-Year Rent Change
2%
Units Available
145 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Olympia. The average rent is $1,701, compared to the city average of $1,542. Rent prices have increased by 2%. South Olympia is convenient to Trillium Park, LBA Park, and Watershed 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.