Olympia, WA Rental Market Trends
Last updated: April 06, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Olympia is $1,758, a 0.81% increase compared to the previous year, when the average rent was $1,744.
Studio Apartments at $1,406 offer the most budget-friendly option with 464 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 663 square feet for $1,565, balancing privacy and affordability.
Two-beedroom units at $1,882 offer 964 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,158 sq ft) for $2,117, suitable for larger households.
Average rent in Olympia, WA
Last updated: April 06, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,758 | 839 sq. ft. |
| Studio | $1,406 | 464 sq. ft. |
| 1 Bed | $1,565 | 663 sq. ft. |
| 2 Beds | $1,882 | 964 sq. ft. |
| 3 Beds | $2,117 | 1,158 sq. ft. |
Olympia, WA rent trends
Rental prices in Olympia, WA have increased by 0.81% over the past year. The average rent moved from $1,744 to $1,758.
What's the typical rent budget in Olympia, WA?
The largest share of rentals in Olympia, WA (55%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Olympia, WA?
12,766 or 50% of the households in Olympia, WA are renter-occupied while 12,685 or 50% are owner-occupied.
How Olympia Compares to Other Cities
| City | Average Rent |
|---|---|
| Olympia | $1,758 |
| Seattle | $2,235 |
| Tacoma | $1,767 |
| Pullman | $1,434 |
| Vancouver | $1,742 |
| Spokane | $1,414 |
| Everett | $1,845 |
| Bellevue | $2,724 |
| Kent | $1,912 |
| Renton | $2,130 |
| Kirkland | $2,505 |
| Federal Way | $1,849 |
| Puyallup | $2,044 |
| Lacey | $1,884 |
| Lakewood | $1,659 |
| Fife, WA | $1,815 |
| Spanaway, WA | $2,097 |
| Port Orchard, WA | $1,805 |
| Gig Harbor, WA | $2,332 |
| Milton, WA | $2,100 |
| Tumwater, WA | $1,754 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Olympia apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.