The Malt House Apartment Homes
505 Legion Way SE,
Olympia, WA 98501
Studio - 2 Beds | $1,225 - $2,200
Rental Market Trends in Olympia, WA
What is the average rent in Olympia, WA?
$1,473/month
Average Rent
669 Sq Ft
Average Apartment Size
+1.2%
Increase in the Last Year
As of January 2025, the average rent in Olympia, WA is $1,473 per month. For comparison, the national average rent price in the US is currently $1,554/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 $1,327 per month for a studio, $1,473 for a one-bedroom apartment, and around $1,780 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,100 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Olympia, WA?
In the past year, rent has increased by 1.2%, which averages out to $18 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated January 2025
Legend
2024
2025
Rent Ranges in Olympia, WA
Last Updated January 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
14%
$700 - $1,000/month
27%
$1,001 - $1,500/month
49%
$1,501 - $2,000/month
11%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Olympia?
Based on current rent prices, Eastside, Downtown Olympia and South Westside are the most affordable neighborhoods in Olympia.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Olympia?
Based on current rent prices, South Capitol, West Olympia and South Olympia are the most expensive neighborhoods in Olympia.
Neighborhood
Average Rent
Average Sq Ft
Which Olympia neighborhoods have the most rentals available?
The neighborhoods in Olympia with the most apartments available are South Olympia, West Olympia and Downtown Olympia .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Olympia, WA?
Because the average rent in Olympia is $1,473, you’ll want to make about $4,910 per month or $58,920 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.
How does Olympia, WA compare to other nearby cities and neighborhoods?
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.
Studio
-
-
One Bedroom
$1,298/month
-
Two Bedroom
$1,420/month
-
Three Bedroom
$882/month
-
Nearby City Rent Trends
Apartment communities in Olympia we think you'll love
Property Management Companies in Olympia, WA
Olympic Management Company
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66
Communities
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5,176
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24
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15 Communities in Olympia
Greystar
-
3,229
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892,662
Units
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828
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Grandview Management Services
-
19
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1,544
Units
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10
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11 Capital LLC
-
43
Communities
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3,944
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29
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3 Communities in Olympia
Edison47
-
22
Communities
-
2,884
Units
-
13
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3 Communities in Olympia
Woodspear Properties
-
19
Communities
-
2,598
Units
-
10
Cities
3 Communities in Olympia
Reeder Management Inc
-
17
Communities
-
1,433
Units
-
9
Cities
3 Communities in Olympia
Avenue5 Residential
-
519
Communities
-
114,112
Units
-
202
Cities
2 Communities in Olympia
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Methodology
† 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.
* Percentages may not total 100 due to rounding.