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Market Flats Apartment Building offers a competitive living option with an overall Zumper rating of 9.1, reflecting its excellent price-value balance (9/10) and exceptional amenities (10/10). The property features well-equipped units with washers and dryers, air conditioning, and waterfront access. Situated conveniently close to public transport and multiple pet-friendly services, it ensures a high quality of life for residents while maintaining transparency and trustworthiness in its management practices.
Things you’ll love
ElevatorImages AvailableGreat for
Pet owners| 0BR/1.0BA | Studio | 1 bath | 383 sqft | $1,250–$1,275 /mo | 2 units available | Market Flats is designed for intermingled living in the heart of a booming downtown Olympia. This is one of the smaller buildings in the neighborhood, intentionally designed to cultivate community. Walk across the street to Chelsea Oyster Bar, The Bread Peddler and Sofie's Scoops Gelateria (we love the guilt-free sampling environment). In addition to these gems across the street from your home you can find what you need a short walk away at Olympia’s beloved farmers’ market. Connecting you with fresh fish market, farmers market produce, restaurants, and the waterfront, walkability is the definition of the Market Flats location to work either in government, service industry, or our one of Olympia’s unique local businesses. Market Flats features: • Air conditioning in each unit • Washer and dryer in each unit • NO carpet in each unit • Pet-friendly roof top dog walking station • Walkable location Requirements include: •No smoking •12-month lease required •Application fee: $50.00 (non-refundable) •Deposit: 1 months’ rent+ 25% due at approval process to secure unit. (taken off market) •Pet Friendly with deposit: 25% of 1 months’ rent PER ANIMAL. ANIMAL RENT: Cats and Dogs only. NO other animal approved. $50.00 monthly per cat $ 35.00 monthly per dog •Tenants pay water/sewer/garbage $120.00 (monthly) •Parking: $90.00 monthly through building if available OR annually through the cityofolympia. org view their boundary map and fees. •Proof of renters insurance required Minimum credit score of 680 Can apply online @ urbanolympia. com Call Teri to schedule 360-742-4877 | |
| 2BR/2.0BA | 2 bed | 2 bath | 862 sqft | $2,175 /mo | 1 unit available | Market Flats is designed for intermingled living in the heart of a booming downtown Olympia. This is one of the smaller buildings in the neighborhood, intentionally designed to cultivate community. Walk across the street to Chelsea Oyster Bar, The Bread Peddler and Sofie's Scoops Gelateria (we love the guilt-free sampling environment). In addition to these gems across the street from your home you can find what you need a short walk away at Olympia’s beloved farmers’ market. Connecting you with fresh fish market, farmers market produce, restaurants, and the waterfront, walkability is the definition of the Market Flats location to work either in government, service industry, or our one of Olympia’s unique local businesses. Market Flats features: • Air conditioning in each unit • Washer and dryer in each unit • NO carpet in each unit • Pet-friendly roof top dog walking station • Walkable location o No smoking o 12-month lease required o Application fee: $40.00 (non-refundable) o Deposit: 1 months’ rent. 25% of this amount is due at approval process to secure unit. (Takes it off the market for you). o Pet Friendly with deposit: 25% of 1 months’ rent per pet all refundable if you are a good pet owner. PET RENT DOG $35.00 CAT $ 50.00 o Tenants pay water/sewer/garbage $120.00 (monthly) o Parking: $90.00 monthly through building if available-we only have 13 spots, so the first people to apply will have the first option OR parking thru the city (annually through the cityofolympia.org) o Proof of renters insurance required. Minimum credit score of 680 Can apply online @ urbanolympia. com Call Teri to schedule 360-742-4877 |
Let's explore this property.
Apartment Amenities
| Air Conditioning | Carpet |
| No Carpet |
Appliances
| Dishwasher | In-Unit Laundry |
| Oven | Range |
| Refrigerator | Stove/Oven |
| Washer and Dryer |
Building
| Cats OK | Dogs OK |
| Elevator | Rooftop Access |
One-time.
One-time. Refundable.
Questions about this property’s policies and fees?
| Units | 44 |
|---|
Market Flats is designed for intermingled living in the heart of a booming downtown Olympia. This is one of the smaller buildings in the neighborhood, intentionally designed to cultivate community. Walk across the street to Chelsea Oyster Bar, The Bread Peddler and Sofie's Scoops Gelateria (we love the guilt-free sampling environment). In addition to these gems across the street from your home you can find what you need a short walk away at Olympia’s beloved farmers’ market. Connecting you with fresh fish market, farmers market produce, restaurants, and the waterfront, walkability is the definition of the Market Flats location to work either in government, service industry, or our one of Olympia’s unique local businesses. Market Flats features: • Air conditioning in each unit • Washer and dryer in each unit • NO carpet in each unit • Pet-friendly roof top dog walking station • Walkable location o No smoking o 12-month lease required o Application fee: $40.00 (non-refundable) o Deposit: 1 months’ rent. 25% of this amount is due at approval process to secure unit. (Takes it off the market for you). o Pet Friendly with deposit: 25% of 1 months’ rent per pet all refundable if you are a good pet owner. PET RENT DOG $35.00 CAT $ 50.00 o Tenants pay water/sewer/garbage $120.00 (monthly) o Parking: $90.00 monthly through building if available-we only have 13 spots, so the first people to apply will have the first option OR parking thru the city (annually through the cityofolympia.org) o Proof of renters insurance required. Minimum credit score of 680 Can apply online @ urbanolympia. com Call Teri to schedule 360-742-4877
How Market Flats Apartment Building compares to other nearby properties.
Positives
Studio apartments at Market Flats Apartment Building cost about 4% more than the average rent price for studios in Downtown Olympia.
If you decide to upgrade your space, you can expect 2-bedrooms at Market Flats Apartment Building to be 4% more than the average for similarly sized apartments in Downtown Olympia.
| Month | Median Rent |
|---|---|
| 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 | $1,277 |
| February 2026 | $1,271 |
| March 2026 | $1,250 |
| Month | Median Rent |
|---|---|
| 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 | $1,271 |
| February 2026 | $1,239 |
| March 2026 | $1,205 |
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Rent-to-income ratio
30%
$50,000/yr
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Downtown Olympia • 321 Legion Way Se
Studio–1 Bed
$1,300–$1,600
Downtown Olympia • 322 5th Ave Se
Studio–1 Bed
$1,275–$1,550
Downtown Olympia • 323 4th Ave E
Studio–1 Bed
$1,190–$1,225
4822 Rural Road Southwest
1–3 Beds
$1,745–$2,595
