Homes & Apartments for Rent in Olympia, WA 98516

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What to Know About

Life in Olympia & Beyond

Olympia shares many of the great qualities that make Washington a desirable place to live.

Washington is home to the famous Cascade Mountains and the Olympic Mountains mountain range. From its breathtaking landscapes to its thriving economy, there's something for everyone in this vibrant state. First, explore its rich history and culture by visiting museums such as the Museum of Pop Culture and the Burke Museum of Natural History & Culture. Then, take your education to the next level at prestigious universities like the University of Washington and Washington State. Washington's economy is diverse and robust, driven by key industries such as technology, agriculture, and manufacturing.

There's no shortage of ample opportunities for adventure and excitement. From exploring the stunning trails of Mount Rainier National Park to fishing in the picturesque Puget Sound, nature enthusiasts will be in their element. And sports fans will enjoy cheering for Seattle Seahawks (NFL), Seattle Kraken (NFL), and Seattle Mariners (MLB) and supporting their favorite college teams. Discover famous attractions like the Space Needle, the Pike Place Market, and the historic city of Seattle.

A hub of innovation and creativity, Washington is a great state offering endless opportunities, which makes it a great place to live.

Rental Market Trends

Olympia, WA

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As of October 2026, Olympia's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Olympia's average rent is 3.7% ($67) higher than the Washington average of $1,825 and 4.0% ($73) higher than the U.S. average of $1,819.

Average Rent
$1,892
Monthly ChangeMonth Over Month Change
Increased1.8% ($34)
Yearly ChangeYear Over Year Change
Decreased5.8% ($117)
Avg. Days on MarketAverage Days on Market
30
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,618 Increased0.9% ($15) Decreased8.6% ($152)
2 Beds $1,977 Decreased0.2% ($3) Decreased7.9% ($170)
3 Beds $2,559 Decreased0.7% ($18) Decreased9.8% ($278)
Nearby Cities Average Rent Avg. Rent vs. OlympiaAverage Rent vs. Olympia Avg. Days on MarketAverage Days on Market
Lacey $1,644 Decreased13.1% ($248) 28 days
Dupont $2,193 Increased15.9% ($301) 29 days
McCleary $1,000 Decreased47.1% ($892) 36 days
Shelton $1,969 Increased4.1% ($77) 38 days
Rainier $1,440 Decreased23.9% ($452) 33 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Olympia Rental Market FAQs

Explore rental prices, market conditions, and affordability in Olympia, WA.

The average rent in Olympia, WA is $1,892 per month.
In Olympia, the average rent for a 1-bedroom home is $1,618 per month, for a 2-bedroom home, $1,977 per month, and a 3-bedroom home is $2,559 per month.
The average rent in Olympia is 4% ($73) higher than the national average of $1,819 per month.
The rental market in Olympia, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
Based on the current averages, a household would need an annual income of $79,080 to comfortably afford a 2-bedroom home in Olympia.
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