Zumper
modified
Updated 15 Hours Ago

Highlights

  • Pet Friendly
  • Air-conditioning
  • In-unit washer and dryer
  • Elevator access
  • Dog-walk area
  • Patio community area
  • Luxury vinyl flooring

Location

505 Legion Way Se, Olympia, WA 98501, USA|Downtown Olympia
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Tour The Malt House Apartment Homes

Contact

Management

Urban Management Co LLC

Leasing office

(360) 742-4877

Property Overview

The Malt House Apartment Homes offers strong overall value with a high expert rating, excellent pricing, standout amenities, and a convenient location, alongside a solid level of trustworthiness. It also features in-unit laundry, air conditioning, elevator access, luxury vinyl flooring, a dog-walk area, and a patio community area, and is noted for pet friendliness and fitness and wellness amenities.

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

Zumper Expert Rating

8.5
Very Good
With a solid 8.5 out of 10 overall, The Malt House Apartment Homes is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Malt House Apartment Homes has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • Elementary school nearby
  • Elevator

Great for

  • Pet owners
  • Wellness

Floor plans

0BR/1.0BAStudio1 bath401+ sqft$1,275–$1,325 /mo11 units availableCall to see this unit today! (360) 742-4877 Special Offer! Apply now and get 1 month free. Step into a one-of-a-kind community where old industrial architecture meets modern apartment living. With a striking brick exterior, exposed black steel beams, and signature red storefront windows, every detail celebrates the building’s industrial roots while creating a fresh, contemporary place to call home. Residences feature vinyl flooring, air conditioning, dishwashers, and in-unit washer and dryers. Beyond your front door, unwind on the community patio around the fire pit, enjoy the dedicated dog walk, or take advantage of the onsite parking garage. Magnificently huge red framed windows on the street side shine bright as you drive by. The windows aren’t the only cool find you will see at this Industrial style building, an open deck off the back of the building is designed for all the tenants to enjoy. 5 studio units have a french door onto the outdoor patio area and this is one of them! Malt House Features: • Air-Conditioning • In-Unit Washer and Dryer • Pet-Friendly • Luxury Vinyl Flooring, NO Carpet • Exposed Steel Beams • Vibrant Storefront Windows • Quartz Countertops and Stainless Appliances • Elevator Access • Dog-Walk Area • Patio Community Area, Includes Seating + Fire Pit • Onsite Parking Garage, Spaces Available for Rent • Membership to the Urban Olympia gym, located a short walk away with 24/7 Access Requirements include: •No smoking •12-month lease required •Application fee: $50.00 (non-refundable) •Deposit: 1 months’ rent. 25% of this amount is due at approval process to secure unit. •Pet Friendly with deposit: 25% of 1 months’ rent PER ANIMAL. •ANIMAL RENT: $50.00 monthly per cat, $35.00 monthly per dog •Cats and Dogs only. NO other animal approved. •Tenants pay water/sewer/garbage $120.00 (monthly) •Parking: $90.00 monthly through building if available OR annually through the cityofolympia. org view their boundary map and fees. •Proof of renters insurance required Minimum credit score of 680 Can apply online @ urbanolympia. com Call Teri to schedule 360-742-4877

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Amenities for The Malt House Apartment Homes

Apartment Amenities

Air ConditioningDeck
Patio

Appliances

DishwasherIn-Unit Laundry
OvenRange
RefrigeratorStove/Oven
Washer and Dryer

Tech

Keyless Entry

Building

Cats OKDogs OK
Elevator
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units57

About The Malt House Apartment Homes

HomeApartments in OlympiaDowntown Olympia The Malt House Apartment Homes

Step into a one-of-a-kind community where old industrial architecture meets modern apartment living. With a striking brick exterior, exposed black steel beams, and signature red storefront windows, every detail celebrates the building’s industrial roots while creating a fresh, contemporary place to call home. Residences feature vinyl flooring, air conditioning, dishwashers, and in-unit washer and dryers. Beyond your front door, unwind on the community patio around the fire pit, enjoy the dedicated dog walk, or take advantage of the onsite parking garage. Magnificently huge red framed windows on the street side shine bright as you drive by. The windows aren’t the only cool find you will see at this Industrial style building, an open deck off the back of the building is designed for all the tenants to enjoy. Make Malt House your home today. Malt House Features: • Air-Conditioning • In-Unit Washer and Dryer • Pet-Friendly • Luxury Vinyl Flooring, NO Carpet • Exposed Steel Beams • Vibrant Storefront Windows • Quartz Countertops and Stainless Appliances • Elevator Access • Dog-Walk Area • Patio Community Area, Includes Seating + Fire Pit • Onsite Parking Garage, Spaces Available for Rent • Membership to the Urban Olympia gym, located a short walk away with 24/7 Access


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very Good
With a solid 8.5 out of 10 overall, The Malt House Apartment Homes is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Malt House Apartment Homes has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated The Malt House Apartment Homes
Price·9A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Malt House Apartment Homes stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Malt House Apartment Homes stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Malt House Apartment Homes is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Malt House Apartment Homes does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

The Malt House Apartment Homes is great for:

Pet owners

  • Outdoor spaces are available at this property
  • 5 pet hospitals in the area
  • 6 pet supply stores near the property
  • 1 pet grooming service nearby

Wellness

  • On-site fitness center or gym
  • Ample windows and natural lighting
  • HVAC systems available onsite
  • This property has patios or balconies for fresh air

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 The Malt House Apartment Homes compares to other nearby properties.

Positives

High school nearby
There is a high school 0.4 miles away
Elementary school nearby
There is an elementary school 0.4 miles away
Elevator
Improved accessibility features
Outdoor space
Easy access to the outdoors

Considerations

Distance from transit
More than 2.8 miles from public transportation
Distance from grocery stores
The nearest grocery store is 4.3 miles away

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Rent trends in Downtown Olympia

studio apartments at The Malt House Apartment Homes cost about 2% less than the average rent price for studio apartments in Downtown Olympia.

Median rents as of Nov 7 2026.
Downtown Olympia
Olympia
A table of studio rental data trends in Olympia
MonthMedian Rent
November 2024$1,280
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
May 2026$1,252
June 2026$1,295
July 2026$1,281
August 2026$1,282
September 2026$1,269
October 2026$1,292
November 2026$1,300
A table of studio rental data trends in Downtown Olympia
MonthMedian Rent
November 2024$1,241
December 2024$1,266
January 2025$1,276
February 2025$1,278
March 2025$1,280
April 2025$1,275
May 2025$1,275
June 2025$1,275
July 2025$1,275
August 2025$1,281
September 2025$1,291
October 2025$1,282
November 2025$1,297
December 2025$1,284
January 2026$1,271
February 2026$1,239
March 2026$1,205
April 2026$1,211
May 2026$1,250
June 2026$1,268
July 2026$1,244
August 2026$1,260
September 2026$1,244
October 2026$1,265
November 2026$1,300

Affordability calculator

Can I afford to live at 505 Legion Way Se?

Bedrooms

Studio

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

$51,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $51,000 annually to afford this studio monthly rent price of $1,275.
For more information on rent affordability, visit our rent calculator.

Schools near The Malt House Apartment Homes

Madison Elementary School

1225 legion way se

olympia, WA, 98501

PK, K-5Public
B+

Tumwater Virtual Academy

7299 new market st sw bldge e

tumwater, WA, 98501

K-12Public

Ignite Family Academy

411 6th ave ne

lacey, WA, 98516

K-8Public

Summit VIrtual Academy

305 college st ne

lacey, WA, 98516

K-12Public

Washington Connections Academy

111 tumwater blvd se

tumwater, WA, 98501

K-8Public
B-
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Getting around Olympia near 505 Legion Way Se

Walking

6/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

8/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

6/10
Frequent public transit options are within walking distance.

Points of interest for 505 Legion Way Se, Olympia

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

Primary schools

8/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Nightlife

6/10
Some bars within walking distance

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