Cheap Apartments for Rent in 98501
131 rentals
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Use arrow keys to navigateNEW - 18 HRS AGOPET FRIENDLY$1,125 - $1,425/mo
Studio-1 Bed
1 BathCapitol Terrace Apartments | 1517 Capitol Way S #404,
Olympia, WA 98501
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PET FRIENDLY$1,200 - $1,450/moStudio-2 Beds1 BathThe Historic Kelley Building | 410 Jefferson St SE #5,
Olympia, WA 98501
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PET FRIENDLYINCOME RESTRICTED$1,299 - $1,525/moStudio-1 Bed1 BathThe Gibson Apartment Homes | 505 Union Ave SE #320,
Olympia, WA 98501
PET FRIENDLY- SENIOR HOUSINGINCOME RESTRICTED
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- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
- SENIOR HOUSINGINCOME RESTRICTED
PET FRIENDLY
PET FRIENDLY
PET FRIENDLY
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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 decreased in Jun 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| Jul 2025 | $1,826 |
| Aug 2025 | $1,999 |
| Sep 2025 | $1,850 |
| Oct 2025 | $1,788 |
| Nov 2025 | $1,850 |
| Dec 2025 | $1,828 |
| Jan 2026 | $1,850 |
| Feb 2026 | $1,839 |
| Mar 2026 | $1,850 |
| Apr 2026 | $1,762 |
| May 2026 | $1,601 |
| Jun 2026 | $1,576 |
Average Rent By Bedroom and Home Type
In July 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 | $1,825 | $2,395 | $3,198 | $1,601 |
| Townhomes | — | $1,850 | $2,395 | — | $1,850 |
| Apartments and Condos | $1,313 | $1,576 | — | — | $1,369 |
| Houses | $1,495 | $2,195 | $2,595 | $3,295 | $2,984 |
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 $1,570 per month. This is about 20% 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 $44 more than the cost of a studio apartment.
- How many available rental listings are in 98501?There are 132 available rental listings in 98501.
- What are some cities near 98501?
View this page in Spanish: Apartamentos baratos en renta en 98501 - 334 Rentas | Trulia