Apartments for Rent in Downtown Olympia, Olympia, WA

Downtown Olympia, Olympia apartment availability

Downtown Olympia's rental market offers a strong selection of listings, with an average of 66 rentals available each month. The majority of rentals are studios and 1-bedroom apartments, making it an ideal neighborhood for singles and couples. Many apartments in Downtown Olympia feature desirable amenities, including dishwashers, which are available in nearly 66% of rentals. Additionally, the neighborhood is pet-friendly, with 63% of apartments allowing small pets. This vibrant downtown area is a great option for those looking for a convenient and amenity-rich living experience.

Downtown Olympia, Olympia rental market trends

The Downtown Olympia rental market experienced a modest year-over-year increase of 0.08% in 2024, with an average monthly rent of $1,463 across all bed types and properties. Breaking it down by bed count, 1-bedrooms averaged $1,533 per month, a slight decrease of 0.19% from the previous year. In contrast, 2-bedrooms saw a notable 6.07% increase, reaching an average rent of $2,279. Studios averaged $1,288 per month, a 2.52% increase from 2023.

The market in Downtown Olympia tends to fluctuate throughout the year, with January typically seeing the highest rent prices, 15.32% higher than the lowest point in July. If you're searching for a new apartment, summer may be a good time to find a deal, as prices tend to be lower. Conversely, if you're looking to rent in the winter, be prepared for higher prices. Notably, the data suggests that the rental market in Downtown Olympia is less competitive during the summer months, making it a potentially good time to find a new apartment.

Why Downtown Olympia, Olympia is a great place to live

Downtown Olympia stands out for its commitment to environmental sustainability and vibrant social life. According to 2024 data, the neighborhood's focus on eco-friendly practices is evident in its use of non-toxic paint, sustainable materials in construction, and waste recycling programs. The area also promotes a healthy environment with parks, rainwater harvesting, and community solar projects. For those prioritizing social living, Downtown Olympia's transit frequency, walk score, and neighborhood age distribution make it an ideal spot for connecting with others and getting around easily. With its strong emphasis on both sustainability and community, Downtown Olympia is a desirable neighborhood for renters seeking a balanced lifestyle.