Homes For Rent in Olympia, WA

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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

As of March 2025, Olympia's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Olympia's average rent is 6.9% ($121) higher than the Washington average of $1,752 and 4.8% ($85) higher than the U.S. average of $1,788.

Average Rent
$1,873
Monthly ChangeMonth Over Month Change
Decreased1.2% ($22)
Yearly ChangeYear Over Year Change
Decreased0.7% ($14)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,621 Decreased0.2% ($3) Increased7% ($106)
2 Beds $1,927 Decreased0.3% ($6) Increased3.4% ($64)
3 Beds $2,240 Decreased2.1% ($49) Decreased5% ($119)
Nearby Cities Average Rent Avg. Rent vs. OlympiaAverage Rent vs. Olympia Avg. Days on MarketAverage Days on Market
Lacey $2,009 Increased7.3% ($136) 41 days
Dupont $1,994 Increased6.5% ($121) 32 days
Anderson Island $2,062 Increased10.1% ($189) 31 days
Steilacoom $1,392 Decreased25.7% ($481) 33 days
Lakebay $2,331 Increased24.5% ($458) 34 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Olympia Rental Market FAQs

Explore rental prices, market trends, and availability in Olympia, WA.

The average rent in Olympia, WA is $1,873 per month.
Homes in Olympia typically rent for between $1,135 and $2,912 per month, with an average of $1,873 per month.
In Olympia, the average rent for a 1-bedroom home is $1,621 per month, for a 2-bedroom home, $1,927 per month, and a 3-bedroom home is $2,240 per month.
The average rent in Olympia is 4.8% ($85) higher than the national average of $1,788 per month.
The average rent in Olympia has decreased by 1.2% ($22) in the last month and decreased by 0.7% ($14) over the past year.
The rental market in Olympia, WA, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Olympia, WA, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 118 rental properties available in Olympia, WA.
Based on the current averages, a household would need an annual income of $77,080 to comfortably afford a 2-bedroom home in Olympia.
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