Zumper
modified
4 Hours Ago

Highlights

  • Pet Friendly
  • Large closets
  • Conveniently located
  • Spacious living room
  • Ample storage space
  • Elegant wood floors
  • Waterfront

Location

410 Franklin St Se, Olympia, WA 98501, USA|Downtown Olympia
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Contact

Management

Guide Property Management LLC

Leasing office

(360) 515-4908 ext. 2

Property Overview

The Rex is a well-rated, verified property with strong scores for amenities, location, quality, and trustworthiness, alongside solid value for money and competitive pricing. It offers convenient access and waterfront living, with large closets, a spacious living room, ample storage space, and elegant wood floors. It is also marked great for pet friendliness, with nearby pet grooming services, pet supply stores, and pet hospitals.

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

8.6
Very Good
With a solid 8.6 out of 10 overall, The Rex is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Rex 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

  • Less expensive

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath500 sqft$1,245 /mo1 unit availableSchedule a Tour! (360) 515-3750 or **** Video Tour: Coming Soon! Concession: $1245 for the first three months rent, $1545 for the remainder of the lease- Total concession $900 Community: It all begins here: your style, your home. Welcome to The Rex! Ideally located - bike or walk to the heart of downtown Olympia or the waterfront. Life at Rex gives you easy access to local cuisine, entertaining nightlife, Sunday markets, waterfront parks, coffee shops, breweries, and diverse artwork in Olympia's most dynamic neighborhood. Apartment 3: Welcome to your dream studio apartment! Enjoy the luxury of a spacious living room, perfect for entertaining guests. Ample storage space with large closets. Conveniently located near public transit for easy commuting. Elegant wood floors and charming arched doorways add a touch of sophistication to your new home. Laundry: Common Area Laundry Parking: Street Parking Only Utilities: Flat Rate of $95/month + $35 per additional person Pet Policy: - Cats and Dogs Welcome! - Breed Restrictions May Apply - Maximum of 2 pets - No Pet Deposit! + $50/month pet rent Lease Details: - Deposit: $1,000 - Landlord Liability Insurance Required: $15/month (if not provided) - Credit Reporting: $8/month - Lease Length: 12 months Looking to apply? Our online leasing process makes moving simple! Applications for this property can be found online at https guidemanagement appfolio com listings?&filters%5Bproperty_list%5D=RexBuilding Interested in our other properties? View vacancies from our full portfolio at https www guidepm com seattle-homes-for-rent Cost: $55 application fee, $250 2-week holding deposit (applied to security deposit upon move-in) Screening Criteria: Verified income of 3x monthly rent, a credit score of 700 or higher (or above 670 with verified income of 3.5x monthly rent), no open bankruptcies, no past landlord-tenant disputes with a judgment in favor of the landlord, no evictions in the last 7 years. (Applicants who do not meet these criteria may be accepted on a case-by-case basis with a qualifying Cosigner/Guarantor or an increased deposit.) We do not accept Comprehensive Reusable Tenant Screening Reports as defined by and pursuant to RCW 59.18. *Disclaimer: Advertised photos and videos may be of a similar unit in the building. Apartment features may vary. All applicants are encouraged to tour the property before lease signing to confirm unit details. Equal Opportunity Housing

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Amenities for The Rex

Apartment Amenities

Barn DoorBathtub
Great Natural LightHardwood Floor
High CeilingHigh Ceilings
New CabinetsQuartz Counters

Building

Cats OKDogs OK
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

Units18
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About The Rex

HomeApartments in OlympiaDowntown Olympia The Rex

Concession: Look and lease special - $500 gift card It all begins here - your style, your home. Welcome to The Rex! Ideally located -- bike or walk to the heart of downtown Olympia or waterfront. Life at Rex gives you easy access to local cuisine, entertaining nightlife, Sunday markets, waterfront parks, coffee shops, breweries, and diverse artwork in Olympia's most dynamic neighborhood.


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.
8.6
/10
Very Good
With a solid 8.6 out of 10 overall, The Rex is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Rex 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 Rex
Price·8A 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.
Scoring a 8/10, The Rex is a great option for renters looking for apartments in Downtown Olympia. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
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.
The Rex 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, The Rex 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.
The Rex 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·9A 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.
The Rex has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
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 Rex is great for:

Pet owners

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

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 Rex compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby

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

1-bedroom apartments at The Rex cost about 17% less than the average rent price for 1-bedroom apartments in Downtown Olympia.

Median rents as of Jun 13 2026.
Downtown Olympia
Olympia
A table of studio rental data trends in Olympia
MonthMedian Rent
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$1,277
February 2026$1,271
March 2026$1,250
April 2026$1,238
May 2026$1,252
June 2026$1,292
A table of studio rental data trends in Downtown Olympia
MonthMedian Rent
June 2024$1,298
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$1,271
February 2026$1,239
March 2026$1,205
April 2026$1,211
May 2026$1,250
June 2026$1,280

Affordability calculator

Can I afford to live at 410 Franklin St Se?

Bedrooms

1 bedroom

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

$49,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,800 annually to afford this 1-bedroom monthly rent price of $1,245.
For more information on rent affordability, visit our rent calculator.

Schools near The Rex

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 Rex

Getting around Olympia near 410 Franklin St Se

Walking

9/10
No car? No problem. Everything you need is within a few blocks.

Driving

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

Transit

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

Points of interest for 410 Franklin St 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

8/10
Variety of restaurants within walking distance

Primary schools

7/10
At least one elementary school within a 20-minute walk

High schools

8/10
At least one high school within a 20-minute walk

Nightlife

9/10
Variety of bars within a few minutes' walk

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