1 Day Ago
Highlights
- Close to stores
- Updated studio apartment
- Laundry 24/7 available
Location
1517 Capitol Way S, Olympia, WA 98501, USA|Downtown Olympia
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Floor plans
| 2BR/1.0BA | 2 bed | 1 bath | 777 sqft | $1,550 /mo | 1 unit available | Great location - 2 bedroom in historic district. New flooring, updated counters. Adjacent to the Capitol and Freeways. Additional $75. for utilities. |
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Policies and fees
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
Building details
Property details
| Units | 82 |
|---|
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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.
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.
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
- Elevator
- Improved accessibility features
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Olympia
2-bedroom apartments at Capitol Terrace Apartments cost about 29% less than the average rent price for 2-bedroom apartments in Downtown Olympia.
Median rents as of Oct 25 2025.
Downtown Olympia
Olympia
| Month | Median Rent |
|---|---|
| November 2023 | $1,287 |
| December 2023 | $1,281 |
| January 2024 | $1,250 |
| 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 |
| Month | Median Rent |
|---|---|
| November 2023 | $1,267 |
| December 2023 | $1,300 |
| January 2024 | $1,289 |
| 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 |
Affordability calculator
Can I afford to live at 1517 Capitol Way S?
Bedrooms
2 bedroomsRent-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
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 2-bedrooms monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
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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
Lolas Boutique Olympia
522 Capitol Way S
Belleza Ropa
101 Capitol Way N
Lily's What to Where Boutique
202 4th Ave W
Lines of Denmark
502 Custer Way SE
JCPenney
625 Black Lake Blvd SW
Wagner's European Bakery and Cafe
1013 Capitol Way S
Dominic's Coffee
1100 Plum St SE
Batdorf & Bronson Coffeehouse
550 Capitol Way S
Dancing Goats Coffee
550 Capitol Way S
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
Tipsy Piano Bar
514 Capitol Way S
Uptown Grill
514 Capitol Way S
Nammy Deli & Bakery
513 Capitol Way S
Radiance Herbs & Massage
113 5th Ave SW
Gotti Sweets
422 Legion Way SE
Schwartz's
124 4th Ave E
Balanced Nutrition LLC
2405 Evergreen Park Dr SW
Bobby Jay'z Cafe
1115 Washington St SE
Meconi's Italian Subs
1051 Capitol Way S
Awb Fish
1414 Cherry St SE
Wagner's European Bakery and Cafe
1013 Capitol Way S
Swing Cafe & Wine Bar
825 Columbia St SW
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Capitol Way / 18th Ave
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