The Malt House Apartment Homes
505 Legion Way SE,
Olympia, WA 98501
Studio - 1 Bed | $1,225 - $1,600
$1,478/month
Average Rent
667 Sq Ft
Average Apartment Size
+1%
Increase in the Last Year
As of March 2025, the average rent in Olympia, WA is $1,478 per month. For comparison, the national average rent price in the US is currently $1,559/month, which means Olympia rent prices are 5% lower than the national average. When you rent an apartment in Olympia, you can expect to pay about $1,329 per month for a studio, $1,478 for a one-bedroom apartment, and around $1,794 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,099 or more.
In the past year, rent has increased by 1%, which averages out to $16 more per month.
Based on current rent prices, Downtown Olympia, North Olympia and Eastside are the most affordable neighborhoods in Olympia.
Based on current rent prices, West Olympia, South Westside and South Olympia are the most expensive neighborhoods in Olympia.
The neighborhoods in Olympia with the most apartments available are West Olympia, South Olympia and Downtown Olympia .
Because the average rent in Olympia is $1,478, you’ll want to make about $4,926 per month or $59,112 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
The cost of living in Olympia, WA is 14.6% higher than the national average. Generally, housing in Olympia is 21.1% more expensive than the national average, with rent falling between $1,329 - $2,099. You can expect to pay 7.4% more for groceries, 6.4% less for utilities, and 30.4% more for transportation.
Use the tool below to compare Olympia, WA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
49
Communities
4,031
Units
20
Cities
3,217
Communities
893,454
Units
827
Cities
19
Communities
1,544
Units
10
Cities
43
Communities
3,885
Units
30
Cities
22
Communities
2,865
Units
13
Cities
21
Communities
2,824
Units
13
Cities
18
Communities
1,465
Units
9
Cities
514
Communities
113,365
Units
206
Cities
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.
* Percentages may not total 100 due to rounding.