Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Downtown Olympia, North Olympia, and South Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of May 4, 2025, the average rent in Olympia is $1,487, which is 0.8% 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.
Downtown Olympia
Average Rent
$1,490/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
54/100
Units Available
46 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,490, compared to the city average of $1,487. Rent prices have increased by 0.9%. Downtown Olympia is convenient to Bigelow Springs, Market Centre, and Ralph's Thriftway. The community is walkable with a WalkScore® of 87.
North Olympia
Average Rent
$1,540/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
38/100
Units Available
5 Rentals
North Olympia is an affordable neighborhood in Olympia with an average rent price of $1,540. Compare this to the city average of $1,487. In the past year, rent prices have decreased by 1.5%. North Olympia provides easy access to Priest Point Park, Sunshine Plaza, and Burfoot Park. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
South Olympia
Average Rent
$1,583/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
24/100
Units Available
35 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 $1,583, while the city’s average stands at $1,487. In the last year, prices have decreased by 1.8%. South Olympia is near Pierce College Fort Steilacoom, Centralia College, and LBA Park.
Eastside
Average Rent
$1,588/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
44/100
Units Available
2 Rentals
Eastside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Eastside is $1,588 while the city average is $1,487. This is a 7.7% difference from last year. Residents enjoy convenient access to Madison Scenic Park, Harry Fain's Legion Park, and Yashiro Japanese Garden. The neighborhood is considered walkable with a WalkScore® of 75.
South Westside
Average Rent
$1,690/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
39/100
Units Available
14 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out South Westside. The average rent is $1,690, compared to the city average of $1,487. Rent prices have increased by 3.4%. South Westside is convenient to Sunrise Park, Black Lake Village, and The Evergreen State College. The community is somewhat walkable with a WalkScore® of 58.
West Olympia
Average Rent
$1,754/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
31/100
Units Available
60 Rentals
West Olympia is an affordable neighborhood in Olympia with an average rent price of $1,754. Compare this to the city average of $1,487. In the past year, rent prices have increased by 1.2%. West Olympia provides easy access to Steamboat Square, Cooper Point Village, and Garfield Nature Trail. It’s a car-dependent neighborhood with a WalkScore® of 49.
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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.