Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Meridian Acres, North Olympia, and Tanglewilde East. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of November 1, 2025, the average rent in Olympia is $1,502, which is 1.3% 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.
Meridian Acres
Average Rent
$1,578/Month
Units Available
11 Rentals
Meridian Acres is an affordable neighborhood in Olympia with an average rent price of $1,578. Compare this to the city average of $1,502. Meridian Acres provides easy access to Clover Park Technical College, Hawks Rest, and Pierce College Fort Steilacoom.
North Olympia
Average Rent
$1,610/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
38/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, North Olympia might be the perfect place! It has an average rent price of $1,610, while the city’s average stands at $1,502. In the last year, prices have decreased by 0.2%. North Olympia is near Martin Way Station, Burfoot Park, and Ralph's Thriftway.
Tanglewilde East
Average Rent
$1,637/Month
TransitScore® Rating
0/100
Units Available
27 Rentals
Tanglewilde East is a top choice for budget-conscious renters for a variety of reasons. The average rent in Tanglewilde East is $1,637 while the city average is $1,502. Residents enjoy convenient access to The Evergreen State College, Tallon Center, and Pierce College Fort Steilacoom. The neighborhood is considered car-dependent with a WalkScore® of 31.
South Olympia
Average Rent
$1,663/Month
TransitScore® Rating
24/100
Units Available
52 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Olympia. The average rent is $1,663, compared to the city average of $1,502. Rent prices have decreased by 0%. South Olympia is convenient to South Puget Sound Comm. Coll., Trillium Park, and Capitol Blvd SE Retail. The community is car-dependent with a WalkScore® of 40.
West Olympia
Average Rent
$1,690/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
31/100
Units Available
59 Rentals
West Olympia is an affordable neighborhood in Olympia with an average rent price of $1,690. Compare this to the city average of $1,502. In the past year, rent prices have increased by 0.1%. West Olympia provides easy access to Yauger Park, The Evergreen State College, and Garfield Nature Trail. It’s a car-dependent neighborhood with a WalkScore® of 49.
Olympia Downtown Historic District
Average Rent
$1,751/Month
TransitScore® Rating
55/100
Units Available
39 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Olympia Downtown Historic District might be the perfect place! It has an average rent price of $1,751, while the city’s average stands at $1,502. Olympia Downtown Historic District is near East Bay Waterfront Park, Market Centre, and Ralph's Thriftway.
Woodland Creek
Average Rent
$1,766/Month
Units Available
13 Rentals
Woodland Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Woodland Creek is $1,766 while the city average is $1,502. Residents enjoy convenient access to South Puget Sound Comm. Coll., Friendly Grove Park, and Mission Creek Park.
Downtown Olympia
Average Rent
$1,803/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
54/100
Units Available
68 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,803, compared to the city average of $1,502. Rent prices have decreased by 0.4%. Downtown Olympia is convenient to South Puget Sound Comm. Coll., Pierce College Fort Steilacoom, and Percival Landing. The community is walkable with a WalkScore® of 87.
Hawksridge
Average Rent
$1,806/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
Hawksridge is an affordable neighborhood in Olympia with an average rent price of $1,806. Compare this to the city average of $1,502. Hawksridge provides easy access to South Puget Sound Comm. Coll., Hawks Prairie, and Chambers Lake Park. It’s a somewhat walkable neighborhood with a WalkScore® of 54.
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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.