Most Affordable Neighborhoods in Olympia, WA

Some of the cheapest neighborhoods in Olympia are North Olympia, Downtown Olympia, and South Westside. These neighborhoods offer some of the lowest rent prices in Olympia, making them ideal for renters on a budget. As of April 3, 2025, the average rent in Olympia is $1,471, 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.

North Olympia

Average Rent

$1,504/Month

Year-Over-Year Rent Change

0.6%

TransitScore® Rating

38/100

Units Available

5 Rentals

North Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in North Olympia is $1,504 while the city average is $1,471. This is a -0.6% difference from last year. Residents enjoy convenient access to Martin Way Station, 6Th Ave, and Ralph's Thriftway. The neighborhood is considered somewhat walkable with a WalkScore® of 51.

Downtown Olympia

Average Rent

$1,531/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

54/100

Units Available

45 Rentals

When you’re looking for a great Olympia neighborhood on a budget, check out Downtown Olympia. The average rent is $1,531, compared to the city average of $1,471. Rent prices have increased by 1.1%. Downtown Olympia is convenient to St Joseph, South 25Th, and Heritage Park Fountain Park. The community is walkable with a WalkScore® of 87.

South Westside

Average Rent

$1,584/Month

Year-Over-Year Rent Change

0.2%

TransitScore® Rating

39/100

Units Available

17 Rentals

South Westside is an affordable neighborhood in Olympia with an average rent price of $1,584. Compare this to the city average of $1,471. In the past year, rent prices have decreased by 0.2%. South Westside provides easy access to Sunrise Park, Capital Square, and Tacoma General. It’s a somewhat walkable neighborhood with a WalkScore® of 58.

Eastside

Average Rent

$1,616/Month

Year-Over-Year Rent Change

7.7%

TransitScore® Rating

44/100

Units Available

3 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 $1,616, while the city’s average stands at $1,471. In the last year, prices have increased by 7.7%. Eastside is near 6Th Ave, Clover Park Technical College, and Harry Fain's Legion Park.

South Olympia

Average Rent

$1,625/Month

Year-Over-Year Rent Change

1.4%

TransitScore® Rating

24/100

Units Available

29 Rentals

South Olympia is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Olympia is $1,625 while the city average is $1,471. This is a -1.4% difference from last year. Residents enjoy convenient access to Pierce College Fort Steilacoom, South Puget Sound Comm. Coll., and 6Th Ave. The neighborhood is considered car-dependent with a WalkScore® of 40.

West Olympia

Average Rent

$1,691/Month

Year-Over-Year Rent Change

0.2%

TransitScore® Rating

31/100

Units Available

76 Rentals

When you’re looking for a great Olympia neighborhood on a budget, check out West Olympia. The average rent is $1,691, compared to the city average of $1,471. Rent prices have decreased by 0.2%. West Olympia is convenient to Cooper Point Landing, Cooper Crest Open Space, and 6Th Ave. The community is car-dependent 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.