Best Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Madera, 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 December 16, 2025, the average rent in Olympia is $1,511, which is 1.9% 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.
Madera
Average Rent
$1,534/Month
Units Available
12 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Madera. The average rent is $1,534, compared to the city average of $1,511. Madera is convenient to Cooper Crest Open Space, Clover Park Technical College, and Yauger Park.
North Olympia
Average Rent
$1,594/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
38/100
Units Available
10 Rentals
North Olympia is an affordable neighborhood in Olympia with an average rent price of $1,594. Compare this to the city average of $1,511. In the past year, rent prices have increased by 0.3%. North Olympia provides easy access to Pierce College Fort Steilacoom, Clover Park Technical College, and Sunshine Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
Tanglewilde East
Average Rent
$1,632/Month
TransitScore® Rating
0/100
Units Available
23 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 $1,632, while the city’s average stands at $1,511. Tanglewilde East is near O Bee Center, Seattle-Tacoma International, and Chambers Lake Park.
West Olympia
Average Rent
$1,676/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
31/100
Units Available
72 Rentals
West Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Olympia is $1,676 while the city average is $1,511. This is a 1.9% difference from last year. Residents enjoy convenient access to Cooper Point Village, The Evergreen State College, and Garfield Nature Trail. The neighborhood is considered car-dependent with a WalkScore® of 49.
South Olympia
Average Rent
$1,689/Month
TransitScore® Rating
24/100
Units Available
132 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Olympia. The average rent is $1,689, compared to the city average of $1,511. Rent prices have increased by 0%. South Olympia is convenient to Chambers Lake Park, Capitol Blvd SE Retail, and McGrath Woods Park. The community is car-dependent with a WalkScore® of 40.
Meridian Acres
Average Rent
$1,711/Month
Units Available
11 Rentals
Meridian Acres is an affordable neighborhood in Olympia with an average rent price of $1,711. Compare this to the city average of $1,511. Meridian Acres provides easy access to Tolmie State Park, Arbor Center, and Seattle-Tacoma International.
South Westside
Average Rent
$1,726/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
39/100
Units Available
16 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 $1,726, while the city’s average stands at $1,511. In the last year, prices have increased by 6.3%. South Westside is near The Evergreen State College, Pierce College Fort Steilacoom, and Woodruff Park.
Hawksridge
Average Rent
$1,738/Month
TransitScore® Rating
0/100
Units Available
16 Rentals
Hawksridge is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hawksridge is $1,738 while the city average is $1,511. Residents enjoy convenient access to Nisqually National Wildlife Refuge, Clover Park Technical College, and Hawks Prairie. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
Woodland Creek
Average Rent
$1,869/Month
Units Available
11 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Woodland Creek. The average rent is $1,869, compared to the city average of $1,511. Woodland Creek is convenient to Martin Way Station, Mission Creek Park, and Clover Park Technical College.
Downtown Olympia
Average Rent
$1,890/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
54/100
Units Available
57 Rentals
Downtown Olympia is an affordable neighborhood in Olympia with an average rent price of $1,890. Compare this to the city average of $1,511. In the past year, rent prices have decreased by 0.2%. Downtown Olympia provides easy access to Hulbert Auto Park, The Evergreen State College, and Bigelow Springs. It’s a walkable neighborhood with a WalkScore® of 87.
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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.