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Updated 2 hours ago

Capitol Terrace Apartments


1517 Capitol Way S Olympia, WA

Studio - 2 Bed
•
1 Bath

369 - 777 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,100
369 ft2
1 Available
Managed By: Capital Terrace Apartments
Unit 613
$1,100
Available Jan 1st, 2026
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1 Bed • 1 Bath
$1,400
589 ft2
1 Available
Managed By: Capital Terrace Apartments
Unit 608
$1,400
Available Now
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2 Beds • 1 Bath
$1,550 - $1,600
777 ft2
2 Available
Managed By: Capital Terrace Apartments
Unit 105
$1,550
Available Now
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Unit 310
$1,600
Available Dec 10th, 2025
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Where you'll live
Street View
Map View
Satellite View
Capitol Terrace Apartments
Capitol Terrace Apartments
Capitol Terrace Apartments
Location ratings
Walk Score®
74
Very Walkable
Transit Score®
43
Some Transit
Bike Score®
85
Very Bikeable
Amenities
Elevator
Fees & leasing info
Lease & Fees
Security Deposit: $500
Property details
Description

Light Filled- apartment in Secured building -in the Lovely South Historic Dist. On bus-line. Adjacent to the Capitol and Freeway. Close to stores and downtown.
No pets.
Laundry 24/7 available.

Additional Details
Total Unit Count: 82
Last Updated: Updated 2 hours ago
Contact Number: (360) 357-4242
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
CenturyLink, Inc. 40.0 3.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
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Photos Floor Plans Amenities
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Capitol Terrace Apartments by bedroom type below.
Studio
Suggested income:
$39,600
per year
1 Bedroom
Suggested income:
$50,400
per year
2 Bedroom
Suggested income:
$56,700
per year
Rent report

Capitol Terrace Apartments Rent vs. Olympia Average

 Capitol Terrace Apartments      Olympia Average
Studio
$1,100
$1,089
$0
$400
$800
$1,200
$1,600
1BR
$1,400
$1,709
$0
$600
$1,200
$1,800
$2,400
2BR
$1,575
$1,967
$0
$650
$1,300
$1,950
$2,600

Capitol Terrace Apartments is asking 1% more than the average studio apartment in Olympia.

If you upsized to an average priced Olympia 1 bedroom apartment, you would pay 36% more per month.

Capitol Terrace Apartments provides 1% less square footage than the average Olympia studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Capitol Terrace Apartments
Studio $1,100 $3.00 $3,300
1BR $1,400 $2.40 $4,200
2BR $1,575 $2.00 $4,725
Olympia Average
Studio $1,089 $2.90 $3,268
1BR $1,709 $2.70 $5,126
2BR $1,967 $2.00 $5,900
3BR $2,384 $1.60 $7,151
4BR $2,916 $1.40 $8,749

Availability in Olympia

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 213 2BR units on the market in Olympia. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
17% 32% 38% 11% 1%
Available Units in Olympia
Studio 96
1BR 180
2BR 213
3BR 61
4BR 8
Location
Nearby Colleges

South Puget Sound Community College

The Evergreen State College

Nearby Hospitals
Name Distance
C API Tal Medical Center 2.47 mi.
Providence St. Peter Hospital 2.86 mi.
Mason Ge NER Al Hospital 16.61 mi.
Nearby Fire Stations
Name Distance
West Thurston Regional Fire Authority 0.25 mi.
Thurston County Fire Protection District 8 0.25 mi.
Thurston County Fire Protection District No. 13 0.25 mi.
FAQs
Is this property currently leasing units?
Yes. There are 4 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 4 units available for move-in over the next 2 months. 2 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 369 to 777 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,100 to $1,600. Capitol Terrace Apartments has studio units available starting at $1,100, 1 bedroom units available starting at $1,400, and 2 bedroom units available starting at $1,550.
Where is this property located?
This property is at 1517 Capitol Way S in Olympia, WA. It's 0.3 miles north from the center of Olympia.
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