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?
$1,544/month
Average Rent
673 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of April 2026, the average rent in Olympia, WA is $1,544 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Olympia rent prices are 6% lower than the national average. When you rent an apartment in Olympia, you can expect to pay about $1,247 per month for a studio, $1,544 for a one-bedroom apartment, and around $1,847 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,191 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 1.6%, which averages out to $25 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 April 2026
Legend
2025
2026
Rent Ranges in Olympia, WA
Last Updated April 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
44%
$1,501 - $2,000/month
14%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Olympia?
Based on current rent prices, South Westside, Madera and Hawksridge 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, Woodland Creek and Tanglewilde East 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, Downtown Olympia and West 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 $1,544, you’ll want to make about $5,146 per month or $61,752 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 $1,247 - $2,191. 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
$1,634/month
-
One Bedroom
$1,522/month
-
Two Bedroom
$1,758/month
-
Three Bedroom
$2,157/month
-
Nearby City Rent Trends
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Property Management Companies in Olympia, WA
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Greystar
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3,488
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Reeder Management Inc
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25
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Avenue5 Residential
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578
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128,898
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223
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Icon Real Estate Services Inc.
-
24
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1,536
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14
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Woodspear Properties
-
23
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2,906
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13
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Edison47
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19
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2,618
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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 February 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.