Zumper

5008 4th Way Sw
5008 4th Way Sw, Olympia, WA 98502, USA

Apartment for rent
Pet friendly
Monthly rent
$1,995–$2,145
Beds2–3
Baths2
Sqft992–1,262
modified
14 Hours Ago

Property Overview

A modern kitchen with stainless steel appliances complements the full-size washer and dryer, enhancing convenience in a welcoming, quiet neighborhood. The property’s proximity to a top-rated elementary school and available pet-friendly amenities, alongside a competitive value ranking, make it an attractive option for potential renters. With 33 photos available, prospective tenants can easily assess the features and appeal of the property.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Less expensive
  • Elementary school nearby
  • Extra Storage

Great for

  • Pet owners

Highlights

  • Pet Friendly
  • full-size washer and dryer
  • modern kitchen
  • quiet neighborhood
  • stainless steel appliances
  • welcoming neighborhood

Units

5008 4th Way Sw Olympia, WA

New Listing

203

Our team has verified this company

2 Beds

2 Baths

$1,995

Listed on 04/07/2026
Listed by 2 Bedroom, 2 Bath 2nd floor Apartment in West Olympia – Apply Today!
Days on market: 1
Welcome to your new home in the heart of West Olympia! This spacious 2-bedroom, 2-bathroom apartment offers the perfect mix of comfort, convenience, and community. • Bedrooms: 2 • Bathrooms: 2 • Location: Minutes from Hwy 101, shopping, Evergreen State College, and more! Apartment Features: •Open-concept layout with a spacious living area •Modern kitchen with stainless steel appliances •Full-size washer and dryer in-unit •Generous storage and closet space •Private balcony/patio (select units) Community Perks: •Large outdoor play area •Pet-friendly (breed restrictions apply) •Quiet, welcoming neighborhood — Rent just reduced! Don’t miss out, schedule your tour today!

New Listing

102

Our team has verified this company

3 Beds

2 Baths

$2,145

Listed on 04/07/2026
Listed by 3-bedroom 2 bath apartment in West Olympia - Apply Today!!
Days on market: 1
Welcome home to this beautiful 3-bedroom, 2-bathroom apartment conveniently located in the heart of West Olympia. Just minutes from Highway 101, shopping centers, Evergreen State College, and local amenities, this apartment offers the perfect blend of comfort and accessibility. The open floor plan includes a spacious kitchen equipped with modern stainless steel appliances, making it ideal for cooking and entertaining. A full-size washer and dryer are included for your convenience, and the large play area provides plenty of space to enjoy outdoor activities. Nestled in a welcoming and pet-friendly neighborhood (breed restrictions apply), this community is perfect for those seeking a relaxing and vibrant living environment. Special Offer: Just Reduced, Apply Today! schedule a tour now and make this apartment your new home.

Amenities for 5008 4th Way Sw

Some units at this address have these amenities. View unit details for more information.

Building
  • Dogs Ok
  • Cats Ok
  • Garage Parking
  • Storage
Unit Amenities
  • In-Unit Laundry
  • Walk-In Closets

Policies at 5008 4th Way Sw

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

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About 5008 4th Way Sw

HomeApartments in Olympia 5008 4th Way Sw #203, Olympia, WA 98502, USA

Welcome to 5008 4th Way SW, Olympia, WA 98502! This charming property consists of 8 units, offering 2-3 bedroom options ranging from 992 to 1262 square feet. Located near top-rated schools, including an elementary, middle, and high school with A- or higher ratings, this property is perfect for those seeking a quiet and welcoming neighborhood. Enjoy modern amenities such as full-size washer and dryer, modern kitchen with stainless steel appliances, and spacious living areas with open floor plans. Take advantage of the balcony patio, onsite green spaces, storage, and garage. Plus, this pet-friendly property allows you to bring your furry friends along! With only long-term rentals, make this property your home and experience the best of Olympia living.

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Address details

Units8
Units available2
City
Zip code98502

5008 4th Way Sw #203 is great for:

Pet owners

  • No breed or pet restrictions
  • 1 dog park within 1 mile
  • 1 pet grooming service nearby
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 5008 4th Way Sw, Olympia, WA 98502, USA compares to other nearby properties.

Positives

Less expensive
Some rentals at this address are cheaper than similar listings nearby
Elementary school nearby
There is an elementary school 0.4 mile away
Extra Storage
Upgraded in-unit features
Images available
There are at least 10 photos of this address

Considerations

Greater distance from high schools
The nearest high school is farther than 2 miles away
Greater distance from middle schools
The nearest middle school is farther than 1 mile away

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Rent trends in Olympia

If you decide to upgrade your space, you can expect 2-bedrooms at 5008 4th Way Sw #203 to be 9% more than the average for similarly sized apartments in Olympia.

3-bedroom apartments at 5008 4th Way Sw #203 cost about 11% less than the average rent price for 3-bedroom apartments in Olympia.

Median rents as of Apr 4 2026.
Olympia
A table of studio rental data trends in Olympia
MonthMedian Rent
April 2024$1,244
May 2024$1,253
June 2024$1,295
July 2024$1,297
August 2024$1,266
September 2024$1,237
October 2024$1,281
November 2024$1,281
December 2024$1,284
January 2025$1,288
February 2025$1,285
March 2025$1,288
April 2025$1,275
May 2025$1,280
June 2025$1,256
July 2025$1,255
August 2025$1,294
September 2025$1,314
October 2025$1,292
November 2025$1,306
December 2025$1,299
January 2026$1,277
February 2026$1,271
March 2026$1,250
April 2026$1,238

Affordability calculator

Can I afford to live at 5008 4th Way Sw?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$79,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $79,800 annually to afford this 2-bedrooms monthly rent price of $1,995.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 5008 4th Way Sw, Olympia, WA.
3 months ago$2,2953 bed2 bath
6 months ago$2,2953 bed2 bath
8 months ago$2,2953 bed2 bath
1 year ago$2,0952 bed2 bath
2 years ago$2,2953 bed2 bath
2 years ago$2,2953 bed2 bath
2 years ago$1,9452 bed2 bath

Schools near 5008 4th Way Sw #203

McLane Elementary School

200 delphi rd sw

olympia, WA, 98502

PK, K-5Public
B

Griffin School

6530 33rd ave nw

olympia, WA, 98502

PK, K-8Public
B

Tumwater Virtual Academy

7299 new market st sw bldge e

tumwater, WA, 98501

K-12Public

Washington Connections Academy

111 tumwater blvd se

tumwater, WA, 98501

K-8Public
B-

Ignite Family Academy

411 6th ave ne

lacey, WA, 98516

K-8Public
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Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Olympia near 5008 4th Way Sw

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 5008 4th Way Sw, Olympia

Groceries

4/10
At least one supermarket within a 30-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

2/10
Some cafés within walking distance

Restaurants

4/10
Some restaurants within walking distance

Primary schools

6/10
At least one elementary school within a 15-minute walk

High schools

0/10
Closest high school further than a 30-minute walk

Nightlife

3/10
Some bars within walking distance

Explore the area around 5008 4th Way Sw

Earthling Food Co
3704 3rd Ave NW
Safeway
3215 Harrison Ave NW
Haggen
1313 Cooper Point Rd SW
Trader Joe's
1530 Black Lake Blvd SW
Grocery Outlet
2100 Harrison Ave NW

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