Hearthstone Place
512 Franz Anderson Rd SE,
Olympia, WA 98501
Studio - 2 Beds | $1,475 - $1,910
Rental Market Trends in Olympia, WA
Updated July 2026
The average rent in Olympia, WA is $1,537/month.
Rent in Olympia is roughly equal to the national average rent of of $1,663/month.
$1,537/month
Average Rent
674 Sq Ft
Average Size
+1.2%
Change / Year
1,299
Available Apartments
Olympia rent varies by unit size and layout:
- Studio apartments in Olympia average $1,290 per month.
- One-bedroom apartments in Olympia average $1,537 per month.
- Two-bedroom apartments in Olympia average $1,859 per month.
- Three-bedroom apartments in Olympia average $2,146 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
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 $19 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Olympia, WA
July 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
45%
$1,501 - $2,000/month
14%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Olympia?
Based on current rent prices, Downtown Olympia, South Westside and West Olympia 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 Olympia, West Olympia and South Westside 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 $1,537, you’ll want to make about $5,123 per month or $61,476 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 12.7% higher than the national average. Generally, housing in Olympia is 17.2% more expensive than the national average, with rent falling between $1,290 - $2,146. You can expect to pay 5.8% more for groceries, 1.2% less for utilities, and 28.3% 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.
View the Olympia Area GuideStudio
$1,286/month
$1,291/month
One Bedroom
$1,480/month
$1,622/month
Two Bedroom
$2,019/month
$1,896/month
Three Bedroom
$2,369/month
$2,280/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Olympia We Think You'll Love
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Frequently Asked Questions
What is the average rent in Olympia?
The average rent in Olympia is $1,537 per month, which is 7.6% lower than the national average of $1,663.
What is the average rent for a house in Olympia?
The average rent for a house in Olympia, WA is $2,664 per month.
Are rents going up or down in Olympia?
Rents in Olympia, WA are increasing, with prices up 1.2% year-over-year and $19 more per month.
What rent range is most common in Olympia?
In Olympia, WA, 45% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.