Olympia, WA Rental Market Trends
Highlights
The average rent for an apartment in Olympia is $1,250, a 4% increase compared to the previous year, when the average rent was $1,204.
Average Rent in Olympia, WA
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,250 | 4% | 830 sq. ft. |
The average size for a Olympia, WA apartment is 830 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Olympia, WA Apartment Rent Ranges
- $501-$7001%
- $701-$1,00022%
- $1,001-$1,50059%
- $1,501-$2,00016%
- > $2,0002%
Olympia, WA Occupied Housing Units
- Renter-occupied Households49%
- Owner-occupied Households50%
10,834 or 49% of the households in Olympia, WA are renter-occupied while 11,126 or 50% are owner-occupied.
Olympia, WA Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|
| Olympia, WA | $1,061 | $1,073 | $1,102 | $1,142 | $1,131 | $1,132 | $1,204 | $1,192 | $1,223 | $1,250 |
| National | $1,353 | $1,349 | $1,381 | $1,383 | $1,386 | $1,421 | $1,430 | $1,434 | $1,470 | $1,476 |
How Olympia Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Seattle | $2,138 | 4% |
| Tacoma | $1,340 | 5% |
| Vancouver | $1,337 | 3% |
| Spokane | $1,022 | 7% |
| Kent | $1,524 | 5% |
| Olympia | $1,250 | 4% |
| Lacey | $1,258 | 3% |
| Tumwater | $1,283 | 2% |
| DuPont | $1,718 | 3% |
| Steilacoom | $1,165 | 3% |
| Steilacoom Town | $1,165 | 3% |
For more information about the Olympia rental trends, check out our monthly rent report
Check out Washington Cities, Washington Neighborhoods and Washington Zip Codes for more details on verified listings, including the Washington Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!