Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Downtown Olympia, North Olympia, and Eastside. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of April 24, 2025, the average rent in Olympia is $1,497, which is 1.2% 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
$1,494/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
54/100
Units Available
49 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,494, compared to the city average of $1,497. Rent prices have increased by 1.4%. Downtown Olympia is convenient to The Evergreen State College, South Puget Sound Comm. Coll., and Tacoma General. The community is walkable with a WalkScore® of 87.
North Olympia
Average Rent
$1,517/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
38/100
Units Available
5 Rentals
North Olympia is an affordable neighborhood in Olympia with an average rent price of $1,517. Compare this to the city average of $1,497. In the past year, rent prices have decreased by 0.2%. North Olympia provides easy access to Clover Park Technical College, Martin Way Station, and Tacoma General. It’s a somewhat walkable neighborhood with a WalkScore® of 51.
Eastside
Average Rent
$1,588/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
44/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, Eastside might be the perfect place! It has an average rent price of $1,588, while the city’s average stands at $1,497. In the last year, prices have increased by 7.7%. Eastside is near Hilltop District, Olympia Woodland Trail, and Madison Scenic Park.
South Olympia
Average Rent
$1,591/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
24/100
Units Available
44 Rentals
South Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Olympia is $1,591 while the city average is $1,497. This is a -1.9% difference from last year. Residents enjoy convenient access to Union Station/South 19Th, The Evergreen State College, and 6Th Ave. The neighborhood is considered car-dependent with a WalkScore® of 40.
South Westside
Average Rent
$1,751/Month
Year-Over-Year Rent Change
3.5%
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 $1,751, compared to the city average of $1,497. Rent prices have increased by 3.5%. South Westside is convenient to South 25Th, Lakemoor Commercial Park, and Decatur Woods Park. The community is somewhat walkable with a WalkScore® of 58.
West Olympia
Average Rent
$1,764/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
31/100
Units Available
64 Rentals
West Olympia is an affordable neighborhood in Olympia with an average rent price of $1,764. Compare this to the city average of $1,497. In the past year, rent prices have increased by 1.6%. West Olympia provides easy access to Cooper Point Landing, Stadium District, and Tacoma General. 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.