Updated 20 Hours Ago
Highlights
Pet Friendly
- Close to stores
- Laundry 24/7 available
Location
1517 Capitol Way S, Olympia, WA 98501, USA|Downtown Olympia
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Property Overview
Capitol Terrace Apartments scores highly overall, with strong marks for price, amenities, location, and trustworthiness, suggesting solid value and convenience for renters. It also stands out for close access to stores, 24/7 laundry, nearby pet services, and a good selection of photos, though grocery and transit options are farther away than some conveniences.
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.
Things you’ll love
Less expensive- Elementary school nearby
- More space
Great for
Pet owners
Floor plans
| 0BR/1.0BA | Studio | 1 bath | 353 sqft | $1,175 /mo | 1 unit available | Located in Historic District- Nice Studio apartment located on the 4th floor. in secured building. On Busline- The rent is $1175.00 per month with an additional monthly utility fee of $75.. The utility fee includes water, sewer, garbage and heat . Electricity is separate and setup in the tenant's name. No pets allowed,. | |
| 2BR/1.0BA | 2 bed | 1 bath | 777 sqft | $1,750 /mo | 1 unit available | Lovely Updated 2 bedroom in Olympia's Historic Dist. Beautiful hardwood floors. Adjacent to the Capitol and the Freeway. Territorial Views. |
Let's explore this property.
Amenities for Capitol Terrace Apartments
Building
| Cats OK | Dogs OK |
| Elevator | Onsite Laundry |
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
| Units | 82 |
|---|
About Capitol Terrace Apartments
Light Filled- apartment in Secured building -in the Lovely South Historic Dist. On bus-line. Adjacent to the Capitol and Freeway. Close to stores and downtown. No pets. Laundry 24/7 available.
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 GoodWith a solid 8.8 out of 10 overall, Capitol Terrace Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Capitol Terrace Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
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.
Capitol Terrace Apartments 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·9A 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.
Capitol Terrace Apartments goes above and beyond to provide sought-after conveniences and desirable perks, including pets allowed. Renters looking for popular or luxurious features will find them here—and for that reason, Capitol Terrace Apartments receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Capitol Terrace Apartments 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·7A 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 it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Capitol Terrace Apartments to provide reasonable accomodations and accurate details about its community.
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.
Reviews from the web
Showing 6 highest rated
Enjoyed the time I lived here. Peaceful and close to downtown and the capitol.
William Asman
Jan 15, 2020
I have lived here for 5 years and I have lived many places in Olympia and Lacey. I came back here for maybe the 4th time because I remembered it as economical, safe, clean and the management is terrific. This is my retirement nest!
Wendy Sorrell
Apr 09, 2024
We’re sharing just 6 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Capitol Terrace Apartments is great for:
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 Capitol Terrace Apartments compares to other nearby properties.
Positives
- Less expensive
- Studio units are cheaper than other similar listings nearby
- Elementary school nearby
- There is an elementary school 0.3 miles away
- More space
- Studio is 301 sqft larger than other listings nearby
- Elevator
- Improved accessibility features
- Images Available
- There are at least 10 photos of this property
- Laundry available on site
- Washers and dryers are available in-building
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1.6 miles away
- Greater distance from high schools
- The nearest high school is farther than 0.9 miles away
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Olympia
Studio apartments at Capitol Terrace Apartments cost about 10% less than the average rent price for studios in Downtown Olympia.
If you decide to upgrade your space, you can expect 2-bedrooms at Capitol Terrace Apartments to be 18% less than the average for similarly sized apartments in Downtown Olympia.
Median rents as of Nov 7 2026.
Downtown Olympia
Olympia
| Month | Median 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 |
| Month | Median 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 1517 Capitol Way S?
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
$47,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $47,000 annually to afford this studio monthly rent price of $1,175.
For more information on rent affordability, visit our rent calculator.
Schools near Capitol Terrace Apartments
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
Summit VIrtual Academy
305 college st ne
lacey, WA, 98516
K-12Public
Griffin School
6530 33rd ave nw
olympia, WA, 98502
PK, K-8Public
B
Getting around Olympia near 1517 Capitol Way S
Walking
5/10
Some shops and stores are within a few minutes.
Driving
9/10
Commuting is easy with multiple accessible routes and plenty of parking.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 1517 Capitol Way S, Olympia
Groceries
8/10
At least one grocery store within a 15-minute walk
Shopping
5/10
Variety of shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
6/10
Some restaurants within walking distance
Primary schools
8/10
At least one elementary school within a 10-minute walk
High schools
3/10
No high schools within a 30-minute walk
Nightlife
4/10
Few or no bars within walking distance
Explore the area around 1517 Capitol Way S
Olympia Food Co-op
608 Columbia St SW
Capital Lake Grocery
511 Capitol Way S
Owls Nest Coffee & Pastries
116 Capitol Way N
Bayview Thriftway
516 4th Ave W
Lucky 7 Grocery
1026 4th Ave E
Grace Kelley Designs LLC
521 Union Ave SE
Goodwill Blue Boutique
534 Capitol Way S
Lolas Boutique Olympia
522 Capitol Way S
Northwest Apparel Show
501 Capitol Way S
Belleza Ropa
101 Capitol Way N
Wagner's European Bakery and Cafe
1013 Capitol Way S
Cherry Tea House
117 5th Ave SW
Ember Goods
422 Washington St SE
The Painted Plate
412 Washington St SE
Olympia Coffee Roasting Co
2824 Capitol Blvd S
Nicole's Bar
109 Legion Way SW
Two Guys & A Girl
109 Legion Way SW
Three Magnets Brewing Co
600 Franklin St SE
Uptown Grill
514 Capitol Way S
Hannah's Bar & Grille
123 5th Ave SW
Nammy Deli & Bakery
513 Capitol Way S
Radiance Herbs & Massage
113 5th Ave SW
Gotti Sweets
422 Legion Way SE
Spud's Produce Market
2828 Capitol Blvd S
Schwartz's
124 4th Ave E
Garden
Garden
Garden
Garden
Garden
Bobby Jay'z Cafe
1115 Washington St SE
Meconi's Italian Subs
1051 Capitol Way S
Mi Luna Cuban Cafe
1023 Capitol Way S
Wagner's European Bakery and Cafe
1013 Capitol Way S
Swing Cafe & Wine Bar
825 Columbia St SW
Capitol Way / Maple Park Ave
Littlerock Rd, Capitol Blvd, Capitol Campus / SPSCC, Lakewood Commuter, Lacey Connector
Maple Park Ave / Capitol Way
Capitol Campus / SPSCC, Lakewood Commuter, Lacey Connector
Maple Park Ave / Capitol Way
Capitol Campus / SPSCC, Lakewood Commuter, Lacey Connector
Capitol Way / 14th Ave
Littlerock Rd, Capitol Blvd, Capitol Campus / SPSCC, Lakewood Commuter, Lacey Connector
Sid Snyder Ave / Capitol Way
Capitol Campus / SPSCC
Olympia-Lacey Amtrak Station
Amtrak Cascades, Coast Starlight
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