Most Affordable Neighborhoods in Olympia, WA
Some of the cheapest neighborhoods in Olympia are Eastside, South Westside, and South Olympia. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of January 31, 2025, the average rent in Olympia is $1,463, which is 0.3% 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.
Eastside
Average Rent
$1,525/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
44/100
Units Available
1 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Eastside. The average rent is $1,525, compared to the city average of $1,463. Rent prices have increased by 2.3%. Eastside is convenient to Yashiro Japanese Garden, Hilltop District, and The Evergreen State College. The community is walkable with a WalkScore® of 75.
South Westside
Average Rent
$1,533/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
39/100
Units Available
11 Rentals
South Westside is an affordable neighborhood in Olympia with an average rent price of $1,533. Compare this to the city average of $1,463. In the past year, rent prices have increased by 3.1%. South Westside provides easy access to Evergreen Park, Sunrise Park, and Black Lake Village. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
South Olympia
Average Rent
$1,620/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
24/100
Units Available
57 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 $1,620, while the city’s average stands at $1,463. In the last year, prices have increased by 1.1%. South Olympia is near South Puget Sound Comm. Coll., Quizno's Center, and Hilltop District.
North Olympia
Average Rent
$1,665/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
38/100
Units Available
23 Rentals
North Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Olympia is $1,665 while the city average is $1,463. This is a 4.9% difference from last year. Residents enjoy convenient access to Friendly Grove Park, Tacoma General, and St Joseph. The neighborhood is considered somewhat walkable with a WalkScore® of 51.
Downtown Olympia
Average Rent
$1,784/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
54/100
Units Available
47 Rentals
When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,784, compared to the city average of $1,463. Rent prices have increased by 1.5%. Downtown Olympia is convenient to The Evergreen State College, Heritage Park Fountain Park, and South 25Th. The community is walkable with a WalkScore® of 87.
South Capitol
Average Rent
$1,800/Month
TransitScore® Rating
38/100
Units Available
1 Rentals
South Capitol is an affordable neighborhood in Olympia with an average rent price of $1,800. Compare this to the city average of $1,463. South Capitol provides easy access to Tumwater Square, Stevens Field Park, and South 25Th. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
West Olympia
Average Rent
$1,850/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
31/100
Units Available
66 Rentals
If you’re looking for a great, affordable neighborhood in Olympia, West Olympia might be the perfect place! It has an average rent price of $1,850, while the city’s average stands at $1,463. In the last year, prices have increased by 0.2%. West Olympia is near The Evergreen State College, Cooper Point Landing, and Steamboat Square.
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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.