Cheap Apartments for Rent in 98501
151 rentals
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SPECIAL OFFERPET FRIENDLYINCOME RESTRICTED$1,199 - $1,525/mo
Studio-1 Bed
1 BathThe Gibson Apartment Homes | 505 Union Ave SE,
Olympia, WA 98501
SENIOR HOUSINGINCOME RESTRICTED- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
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PET FRIENDLY$1,250 - $1,600/moStudio-1 Bed1 BathMarket Flats Apartment Building | 310 Capitol Way N,
Olympia, WA 98501
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY$1,300 - $1,625/moStudio-1 Bed1 BathThe Malt House Apartment Homes | 505 Legion Way SE,
Olympia, WA 98501
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
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- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
PET FRIENDLY
PET FRIENDLY
SENIOR HOUSINGINCOME RESTRICTED- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
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Average Rent Trends in 98501
Rent in 98501 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Aug 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $1,850 |
| Oct 2025 | $1,788 |
| Nov 2025 | $1,850 |
| Dec 2025 | $1,828 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,835 |
| Mar 2026 | $1,850 |
| Apr 2026 | $1,756 |
| May 2026 | $1,601 |
| Jun 2026 | $1,576 |
| Jul 2026 | $1,576 |
| Aug 2026 | $1,601 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,369 | $1,844 | $2,450 | $2,995 | $1,601 |
| Townhomes | — | $1,950 | $2,450 | $2,595 | $1,995 |
| Apartments and Condos | $1,313 | $1,595 | $2,495 | — | $1,399 |
| Houses | $1,325 | $1,950 | $2,595 | $3,050 | $2,895 |
Frequently Asked Questions about Rentals in 98501
- What is the average rent of an apartment in 98501?The average rent of an apartment in 98501 is $1,554 per month. This is about 21% lower than the national average.
- When is the average rent cheapest in 98501?In the last year, the average rent in 98501 was lowest in Jun 2025 when it was $1,650 per month.
- When is the average rent most expensive in 98501?In the last year, the average rent in 98501 was highest in Aug 2025 when it was $1,999 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 98501?The average rent of a 1 bedroom apartment in 98501 is $1,369 per month. That is about $85 more than the cost of a studio apartment.
- How many available rental listings are in 98501?There are 147 available rental listings in 98501.
- What are some cities near 98501?
View this page in Spanish: Apartamentos baratos en renta en 98501 - 355 Rentas | Trulia