Zumper
modified
Updated 6 Hours Ago

Highlights

  • Pet Friendly
  • Gated parking
  • Fully equipped fitness center
  • Air conditioning
  • Stainless steel appliances
  • Bike storage
  • Dog park

Location

505 Union Ave Se, Olympia, WA 98501, USA|Downtown Olympia
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Contact

Management

ICON Real Estate Services, INC.

Leasing office

(360) 515-7443

Property Overview

The Gibson offers strong overall value, pairing a high Zumper expert rating with standout amenities such as gated parking, a fully equipped fitness center, air conditioning, stainless steel appliances, bike storage, and a dog park. It also benefits from a convenient location, helpful proximity to local services, and a quiet setting with strong work-from-home and pet-friendly appeal, while 50 photos and a nearby top-rated elementary school add to its appeal.

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

8.8
Very Good
With a solid 8.8 out of 10 overall, The Gibson is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Gibson has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Elementary school nearby
  • High school nearby
  • Images Available

Great for

  • Work-from-home
  • Pet owners

Floor plans

A1-IommiStudio1 bath351 sqft$1,299 /mo38 units availableWelcome to The Gibson Apartments! Experience refined urban living in this beautiful 351 sq ft studio apartment, ideally located in the heart of downtown Olympia. Designed with both style and functionality in mind, this contemporary apartment home features sleek white cabinetry, stainless steel appliances, and durable luxury vinyl plank flooring for a polished, modern aesthetic. Enjoy the convenience of an in-unit washer and dryer, along with air conditioning to keep your space comfortable year-round. The community offers a range of desirable amenities, including secured building access, fenced parking, secure bike storage, and a private dog park- perfect for pet owners. Situated just moments from Olympia’s vibrant downtown scene, you’ll have easy access to local dining, shopping, entertainment, and cultural attractions, all within walking distance. Sophisticated yet efficient, this studio strikes the perfect balance- much like a timeless Tony Iommi guitar riff: clean, distinctive, and effortlessly impactful. Additional Details: Income Restrictions Apply Application Fee- $66 per applicant 18+ Refundable Deposit: $199 Utilities: Water/Sewer/Garbage Studio: $80/month 1x1: $90/month Electricity & Internet are paid separately by the tenant. Parking: Secured Garage Parking: $75/month Free parking lot option available Pets: Cats and Dogs Welcome! Pet Rent: $50/month per pet Refundable Pet Deposit: $200 per pet 65lb Weight Limit Breed Restrictions Apply APPLY NOW: https apply alliance2020 com # view AnV3 Located at 505 Union Ave SE, Olympia, WA 98501 Call to schedule a tour at (360) 515-7443 or send an email to **** / ****
D1-Hendrix (ADA)1 bed1 bath406 sqft$1,499 /mo1 unit availableWelcome to The Gibson Apartments! Live in the rhythm of downtown Olympia in this sleek 406 sq ft one-bedroom, one-bath residence designed for modern city living with effortless style. Inside, you’ll find LVP flooring throughout, crisp white cabinetry, and stainless-steel appliances that bring a clean, contemporary edge to the space. An in-unit washer and dryer plus air-conditioning add everyday comfort and convenience without compromise. Step outside your door and into a community built for both ease and lifestyle- featuring secure building access, gated parking, secure bike storage, a fenced dog park, and a fully equipped fitness center ready to match your routine. All of this is set just moments from downtown Olympia’s best dining, shops, waterfront views, and local energy. With a subtle nod to the legendary Hendrix, this home carries a creative pulse- refined, vibrant, and unmistakably connected to the spirit of the city. Additional Details: Income Restrictions Apply Application Fee- $66 per applicant 18+ Refundable Deposit: $199 Utilities: Water/Sewer/Garbage Studio: $80/month 1x1: $90/month Electricity & Internet are paid separately by the tenant. Parking: Secured Garage Parking: $75/month Free parking lot option available Pets: Cats and Dogs Welcome! Pet Rent: $50/month per pet Refundable Pet Deposit: $200 per pet 65lb Weight Limit Breed Restrictions Apply APPLY NOW: https apply alliance2020 com # view AnV3 Located at 505 Union Ave SE, Olympia, WA 98501 Call to schedule a tour at (360) 515-7443 or send an email to **** / ****
E1-Zeppelin1 bed1 bath457 sqft$1,499 /mo3 units availableWelcome to The Gibson Apartments! Live in the pulse of downtown Olympia in this 457 sq ft one-bedroom, one-bath residence that blends modern design with effortless livability. Clean LVP flooring runs throughout the space, complemented by crisp white cabinetry and stainless-steel appliances that give the home a fresh, elevated feel. With an in-unit washer and dryer and air-conditioning, everyday comfort is built right in. The community extends your living experience beyond your front door- offering secure building access, gated parking, secure bike storage, a fenced dog park, and a fully equipped fitness center designed to keep your routine on track. All of this sits just moments from Olympia’s best dining, shopping, waterfront views, and local energy. With a subtle nod to Zeppelin, this home carries a bold, elevated rhythm- modern, polished, and tuned for those who want more than just a place to live. Additional Details: Income Restrictions Apply Application Fee- $66 per applicant 18+ Refundable Deposit: $199 Utilities: Water/Sewer/Garbage Studio: $80/month 1x1: $90/month Electricity & Internet are paid separately by the tenant. Parking: Secured Garage Parking: $75/month Free parking lot option available Pets: Cats and Dogs Welcome! Pet Rent: $50/month per pet Refundable Pet Deposit: $200 per pet 65lb Weight Limit Breed Restrictions Apply APPLY NOW: https apply alliance2020 com # view AnV3 Located at 505 Union Ave SE, Olympia, WA 98501 Call to schedule a tour at (360) 515-7443 or send an email to **** / ****
G1-Perry1 bed1 bath586 sqft$1,499 /mo1 unit availableWelcome to The Gibson Apartments! Welcome to The Perry- a downtown Olympia one-bedroom, one-bath residence that hits the perfect note between modern comfort and effortless style. Inside, everything is tuned for easy living: sleek stainless-steel appliances, crisp white cabinetry, durable LVP flooring throughout, plus the everyday convenience of in-unit washer and dryer and air-conditioning to keep things cool year-round. Clean, bright, and intentionally designed- this is a space that doesn’t miss a beat. Step outside your door and the rhythm continues. The community offers secure building access, gated parking, secure bike storage, a fully equipped fitness center for your daily grind, and a fenced dog park for your four-legged tour partner. Set in the heart of downtown Olympia, you’re just steps from local coffee shops, restaurants, waterfront views, and everything that keeps the city alive. With a subtle nod to Perry, this home carries a smooth, confident energy- modern, bold, and ready for your next headline moment. Additional Details: Income Restrictions Apply Application Fee- $66 per applicant 18+ Refundable Deposit: $199 Utilities: Water/Sewer/Garbage Studio: $80/month 1x1: $90/month Electricity & Internet are paid separately by the tenant. Parking: Secured Garage Parking: $75/month Free parking lot option available Pets: Cats and Dogs Welcome! Pet Rent: $50/month per pet Refundable Pet Deposit: $200 per pet 65lb Weight Limit Breed Restrictions Apply APPLY NOW: https apply alliance2020 com # view AnV3 Located at 505 Union Ave SE, Olympia, WA 98501 Call to schedule a tour at (360) 515-7443 or send an email to **** / ****

Let's explore this property.

Amenities for The Gibson

Apartment Amenities

Air Conditioning

Appliances

DishwasherIn-Unit Laundry
OvenOven/Range
Over the Range MicrowaveRefrigerator
Stackable Washer & DryerStove/Oven
Washer and Dryer

Building

Cats OKControlled Access Building
Controlled GarageDogs OK
Fitness CenterFully Equipped Fitness Room
GymSafe Bike Storage

Grounds

Controlled ParkingFenced Dog Park
Off-Street ParkingStorage
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

Units65
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About The Gibson

HomeApartments in OlympiaDowntown Olympia The Gibson

Inspired by the legendary Gibson guitar brand, this brand-new apartment community hits all the right notes. Choose from thoughtfully designed apartment homes ranging from 351–751 sq ft- each one named after an iconic musician like Iommi, Hendrix, Zeppelin, and more- bringing a little rock ‘n’ roll edge to your everyday lifestyle. Inside, every apartment is a perfect blend of modern style and comfort, featuring sleek white cabinetry, stainless steel appliances, durable LVP flooring throughout, in-unit air conditioning, and your own washer and dryer- because convenience should always be part of the setlist. Beyond your front door, The Gibson keeps the good vibes going with secure access, secure parking, bike storage, a fully equipped fitness center, and a dog park for your four-legged fans. Located in the heart of downtown Olympia, you’re steps away from local restaurants, shopping, nightlife, and endless things to do- making it easy to live, play, and explore without missing a beat. Call to schedule a tour at (350) 515-7443 or send an email to **** / ****


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.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The Gibson is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Gibson has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated The Gibson
Price·10A 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 Gibson offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
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 Gibson 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 Gibson 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 Gibson 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 Gibson is great for:

Work-from-home

  • High speed internet is an amenity
  • Quiet environment with little noise pollution
  • 1 office supply store within 1 mile
  • 2 coworking spaces or cafes within 1 mile

Pet owners

  • 3 pet grooming services nearby
  • 3 pet hospitals in the area
  • 7 pet supply stores near the property

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 Gibson compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 1 mile away
High school nearby
There is a high school 0.5 mile away
Images Available
There are at least 10 photos of this address

Considerations

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

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Rent trends in Downtown Olympia

Studio apartments at The Gibson cost about 4% more than the average rent price for studios in Downtown Olympia.

1-bedroom apartments here are priced 3% lower than 1-bedrooms in Downtown Olympia.

Median rents as of Sep 12 2026.
Downtown Olympia
Olympia
A table of studio rental data trends in Olympia
MonthMedian Rent
September 2024$1,275
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
May 2026$1,252
June 2026$1,295
July 2026$1,281
August 2026$1,282
September 2026$1,271
A table of studio rental data trends in Downtown Olympia
MonthMedian Rent
September 2024$1,300
October 2024$1,299
November 2024$1,265
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$1,250

Affordability calculator

Can I afford to live at 505 Union Ave Se?

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

$51,960/yr

With your selected rent-to-income ratio, you'd ideally want to make $51,960 annually to afford this studio monthly rent price of $1,299.
For more information on rent affordability, visit our rent calculator.

Schools near The Gibson

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-

Griffin School

6530 33rd ave nw

olympia, WA, 98502

PK, K-8Public
B
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Internet available near The Gibson

Neighborhood

Downtown Olympia | Olympia, WA

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

Getting around Olympia near 505 Union Ave Se

Walking

5/10
Some shops and stores are within a few minutes.

Driving

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

Cycling

7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

5/10
Frequent public transit options are within walking distance.

Points of interest for 505 Union Ave Se, Olympia

Groceries

7/10
At least one supermarket within a 15-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

6/10
Variety of restaurants within a few minutes' walk

Primary schools

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

High schools

7/10
At least one high school within a 15-minute walk

Nightlife

4/10
Some bars within a few minutes’ walk

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