401 Union
401 Union Ave SE,
Olympia, WA 98501
$1,400 - $2,300
Studio - 2 Beds
Rental Market Trends in Olympia, WA
What is the average rent in Olympia, WA?
$1,509/month
Average Rent
669 Sq Ft
Average Apartment Size
+1.1%
Increase in the Last Year
As of March 2026, the average rent in Olympia, WA is $1,509 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Olympia rent prices are 7% lower than the national average. When you rent an apartment in Olympia, you can expect to pay about $1,246 per month for a studio, $1,509 for a one-bedroom apartment, and around $1,833 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,122 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 1.1%, 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 March 2026
Legend
2025
2026
Rent Ranges in Olympia, WA
Last Updated March 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
12%
$700 - $1,000/month
29%
$1,001 - $1,500/month
46%
$1,501 - $2,000/month
12%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Olympia?
Based on current rent prices, Madera, Hawksridge 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, Olympia Downtown Historic District, Downtown Olympia and Meridian Acres 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 $1,509, you’ll want to make about $5,030 per month or $60,360 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.
Cost of Living
The cost of living in Olympia, WA is 13.2% higher than the national average. Generally, housing in Olympia is 17.3% more expensive than the national average, with rent falling between $1,246 - $2,122. You can expect to pay 6.2% more for groceries, 2.6% less for utilities, and 28.4% more for transportation.
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
-
-
Two Bedroom
-
-
Three Bedroom
-
-
Nearby City Rent Trends
Apartment communities in Olympia we think you'll love
Property Management Companies in Olympia, WA
Olympic Management Company
-
57
Communities
-
4,928
Units
-
21
Cities
15 Communities in Olympia
Targa Real Estate Services
-
64
Communities
-
3,986
Units
-
20
Cities
6 Communities in Olympia
Greystar
-
3,472
Communities
-
956,050
Units
-
897
Cities
4 Communities in Olympia
Reeder Management Inc
-
25
Communities
-
2,084
Units
-
10
Cities
4 Communities in Olympia
Icon Real Estate Services Inc.
-
22
Communities
-
1,486
Units
-
14
Cities
3 Communities in Olympia
Woodspear Properties
-
23
Communities
-
2,901
Units
-
13
Cities
3 Communities in Olympia
Edison47
-
19
Communities
-
2,618
Units
-
11
Cities
3 Communities in Olympia
Grandview Management Services
-
20
Communities
-
1,847
Units
-
10
Cities
3 Communities in Olympia
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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 February 2026.
* Percentages may not total 100 due to rounding.