Silver Leaf Residences
4520 Henderson Blvd SE,
Olympia, WA 98501
$1,650 - $2,280 | 1-2 Beds
South Olympia
Olympia, WA
South Olympia - Olympia, WA
Area Guide
Vast collection of communities south of Olympia
Suburban
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Scenic
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Convenient
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Peaceful
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Active
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South Olympia refers to a sprawling region that stretches from Downtown Olympia to Offutt Lake. South Olympia includes an array of communities, including parts of Tumwater, South Union, East Olympia, and Lacy.
Apartments in this general area are convenient to major roadways like I-5 and Old Highway 99 Southeast, affording many residents straightforward commutes. South Olympia contains the expansive Millersylvania State Park, where opportunities for outdoor recreation abound. This area is also proximate to the popular Tumwater Falls Park, another well-regarded destination for outdoor activities.
Rent Trends
As of June 2025, the average apartment rent in South Olympia is $1,294 for a studio, $1,590 for one bedroom, $1,855 for two bedrooms, and $2,235 for three bedrooms. Apartment rent in South Olympia has decreased by -2.8% in the past year.
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Studio
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449 sq ft
Average Sq Ft
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$1,294/month
Average Rent
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1 BR
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717 sq ft
Average Sq Ft
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$1,590/month
Average Rent
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2 BR
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962 sq ft
Average Sq Ft
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$1,855/month
Average Rent
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3 BR
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1,256 sq ft
Average Sq Ft
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$2,235/month
Average Rent
Transportation
40
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
24
Some Transit
out of 100 TransitScore® Rating
You'll likely want a car when living in this area since it has few transit options.
47
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Trillium Park
- LBA Park
- McGrath Woods Park
- Watershed Park
- Chambers Lake Park
Military Bases
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Methodology
† 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 June 2025.