Rentometer, Inc. | Data as of 10/22/2025
Olympia, the thriving capital of Washington, offers a diverse rental landscape that blends historic charm with modern amenities. From the vibrant downtown district, where walk‑to‑shop cafés line Capitol Street, to the family‑friendly neighborhoods of West Olympia and the scenic waterfront area of East Olympia, renters can choose from an array of housing styles. Apartment living is abundant, with studios, one‑bedroom and larger units spread across contemporary high‑rises, cozy lofts, and well‑maintained mid‑rise buildings, many within easy reach of the State Capitol, Tumwater Falls, and the popular Olympia Farmers Market.
For those seeking more space, single‑family homes are plentiful throughout neighborhoods such as the historic South Capitol Hill and the leafy outskirts near the Nisqually River. Rental options range from efficient one‑bedroom houses to spacious four‑plus bedroom residences perfect for growing families. Studio apartments typically fall in the $1300‑$1400 range, while larger three‑bedroom units often command rents in the $2000‑$2100 bracket, reflecting the city’s balanced mix of affordability and quality of life.
Olympia’s rental market benefits from strong demand driven by its robust public‑sector employment base, a thriving arts community, and abundant outdoor recreation opportunities—from hiking the nearby Capitol State Forest to kayaking on Budd Inlet. Whether you’re a young professional drawn to the city’s cultural scene, a family looking for a safe, community‑focused environment, or a student attending The Evergreen State College, Olympia’s rental inventory offers flexibility, convenience, and a welcoming atmosphere that make it an attractive place to call home.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,382 | $1,357 | $900 - $1,795 | $1,276 - $1,499 |
| Apartment | 1 Bedroom | $1,481 | $1,510 | $350 - $2,560 | $1,300 - $1,615 |
| Apartment | 2 Bedroom | $1,857 | $1,775 | $350 - $11,457 | $1,595 - $1,950 |
| Apartment | 3 Bedroom | $2,064 | $2,010 | $1,560 - $2,950 | $1,800 - $2,295 |
| Apartment | 4+ Bedroom | $2,578 | $2,595 | $1,914 - $3,190 | $1,914 - $3,190 |
| House | 1 Bedroom | $1,403 | $1,490 | $760 - $2,395 | $780 - $1,500 |
| House | 2 Bedroom | $1,842 | $1,892 | $900 - $2,995 | $1,595 - $2,100 |
| House | 3 Bedroom | $2,598 | $2,595 | $1,800 - $3,400 | $2,400 - $2,850 |
| House | 4+ Bedroom | $3,025 | $2,999 | $1,600 - $5,500 | $2,750 - $3,200 |
In the current period, the average rent in Olympia was $1,383 for Studio, $1,470 for 1 Bedroom, $1,854 for 2 Bedroom, $2,406 for 3 Bedroom, and $2,921 for 4+ Bedroom.
Data provided by Rentometer, Inc.