Zumper
modified
22 Hours Ago

Highlights

  • Close to stores
  • Large wall of windows
  • Laundry available
  • Laundry 24/7 available

Location

1517 Capitol Way S, Olympia, WA 98501, USA|Downtown Olympia
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Management

Capital Terrace Apartments

Leasing office

(360) 357-4242

Property Overview

Capitol Terrace Apartments receives a strong overall rating of 8.6 from Zumper, showcasing its appeal to renters with competitive pricing and a location that ranks 9 out of 10 for convenience. The amenities are impressive, rated at 8 out of 10, complemented by practical features like 24/7 laundry and large windows. Additionally, it is positioned well in terms of value, falling in the 86th percentile compared to similar properties, demonstrating its exceptional characteristics and transparency in management.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” 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, 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.

Things you’ll love

  • Elementary school nearby
  • Less expensive
  • Elevator

Floor plans

1BR/1.0BA1 bed1 bath589 sqft$1,375 /mo1 unit availableGreat location and view. Light filled one-bedroom in secured building. Adjacent to the Capitol and Freeway. No pets. On Busline
2BR/1.0BA2 bed1 bath777 sqft$1,600 /mo1 unit availableNice Light Filled 2 bedroom=- End unit with a Large Wall of Windows! New Carpeting and New Flooring. Super Location in the South Historic Dist. On Bus-line, Additional $75. for utilities that include: Water, Sewer, Garbage and Heat. Available Now. Laundry available 24/7 Security entrance. No Pets

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Amenities for Capitol Terrace Apartments

Building

ElevatorOnsite Laundry

Grounds

Garage 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

Parking Policy

Garage Parking

Dog Policy

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

Building details

Property details

Units82
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About Capitol Terrace Apartments

HomeApartments in OlympiaDowntown Olympia 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 Good
With 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.
How we rated Capitol Terrace Apartments
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 elevator. 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

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

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.

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

Elementary school nearby
There is an elementary school 0.3 mile away
Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit

Considerations

Greater distance from middle schools
The nearest middle school is farther than 2 miles away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Downtown Olympia

1-bedroom apartments here are priced 8% lower than 1-bedrooms in Downtown Olympia.

If you decide to upgrade your space, you can expect 2-bedrooms at Capitol Terrace Apartments to be 24% less than the average for similarly sized apartments in Downtown Olympia.

Median rents as of Jan 24 2026.
Downtown Olympia
Olympia
A table of studio rental data trends in Olympia
MonthMedian Rent
February 2024$1,233
March 2024$1,218
April 2024$1,220
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$1,278
A table of studio rental data trends in Downtown Olympia
MonthMedian Rent
February 2024$1,280
March 2024$1,315
April 2024$1,300
May 2024$1,295
June 2024$1,295
July 2024$1,297
August 2024$1,300
September 2024$1,290
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$1,270

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

$55,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,000 annually to afford this 1-bedroom monthly rent price of $1,375.
For more information on rent affordability, visit our rent calculator.

Schools near Capitol Terrace Apartments

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Internet available near Capitol Terrace Apartments

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

Frog Pond Grocery
2102 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

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