Downtown Olympia, Olympia, WA Rental Market Trends
Last updated: April 14, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Olympia is $1,842, a 2.52% decrease compared to the previous year, when the average rent was $1,890.
Studio Apartments at $1,435 offer the most budget-friendly option with 441 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 605 square feet for $1,759, balancing privacy and affordability.
Two-beedroom units at $2,609 offer 987 square feet, perfect for roommates or small families.
Average rent in Downtown Olympia, Olympia, WA
Last updated: April 14, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,842 | 634 sq. ft. |
| Studio | $1,435 | 441 sq. ft. |
| 1 Bed | $1,759 | 605 sq. ft. |
| 2 Beds | $2,609 | 987 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Olympia, Olympia, WA rent trends
Rental prices in Downtown Olympia, Olympia, WA have decreased by 2.52% over the past year. The average rent moved from $1,890 to $1,842.
What's the typical rent budget in Downtown Olympia, Olympia, WA?
The largest share of rentals in Downtown Olympia, Olympia, WA (36%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Olympia, Olympia, WA?
206 or 38% of the households in Downtown Olympia, Olympia, WA are renter-occupied while 331 or 62% are owner-occupied.
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 Downtown 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.