Cheap Apartments for Rent in 98501
131 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$1,250 - $2,250/mo
Studio-2 Beds
1-2 BathsMarket Flats Apartment Building | 310 Capitol Way N,
Olympia, WA 98501
NEW - 1 DAY AGOSPECIAL OFFERPET FRIENDLY$1,275 - $1,625/moStudio-1 Bed1 BathThe Malt House Apartment Homes | 505 Legion Way SE,
Olympia, WA 98501
$1,275 - $1,395/mo1 Bed1 BathCedar Pointe Apartments - Live Close to It All, in a Place That Feels Like Home | 711 13th Ave SE,
Olympia, WA 98501
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SPECIAL OFFERPET FRIENDLYINCOME RESTRICTED$1,299 - $1,499/moStudio-1 Bed1 BathThe Gibson Apartment Homes | 505 Union Ave SE,
Olympia, WA 98501
SPECIAL OFFERPET FRIENDLY
SENIOR HOUSINGINCOME RESTRICTED- SENIOR HOUSINGINCOME RESTRICTED
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- 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 stayed about the same in Sep 2026 compared to the previous month. Rent previously peaked in Aug 2025.
| Month | Average rent |
|---|---|
| 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 |
| Sep 2026 | $1,601 |
Average Rent By Bedroom and Home Type
In October 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 | $1,457 | $1,863 | $2,450 | $3,062 | $1,800 |
| Townhomes | $1,497 | $1,990 | $2,500 | $2,700 | $1,995 |
| Apartments and Condos | $1,350 | $1,576 | $2,738 | — | $1,457 |
| Houses | — | $1,850 | $2,500 | $3,062 | $2,850 |
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 $1,564 per month. This is about 20% lower than the national average.
- What are the cheapest months to find an apartment to rent in 98501?Last year, the cheapest month to find an apartment to rent was Jun 2025 when it was $1,650 per month.
- How many cheap apartments are available in 98501?There are 70 apartments to rent that are cheaper than the city’s average rent of $1,800.
- 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 $1,457 per month. That is about $157 more than the cost of a studio apartment.
- What are some cities near 98501?
View this page in Spanish: Apartamentos baratos en renta en 98501 - 332 Rentas | Trulia