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.