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Apartments in 98506

1 - 12 of 12 Results
16
$1,445
Stateside Flats
210 Bethel St NE Olympia, WA
1 BR | May. 21, 2026
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Dog Friendly
Cat Friendly
Surface Parking
Storage
Disability Access
1
$1,650
1016 Prospect Ave NE
Olympia, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Dishwasher
24
$3,000
1848 Mapleview Ct NE
Olympia, WA
3 BR | Available Now
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Heat Included
Furnished
Dog Friendly
Cat Friendly
House
14
$1,699
425 Ensign Rd NE
Olympia, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Covered Parking
Storage
Disability Access
24
$1,731 - 2,949
Arbor Square Apartments
606 Lilly RD NE Olympia, WA
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Luxury
Covered Parking
In Unit Laundry
45
$1,584 - 2,725
Arbor Square Apartments
606 Lilly Rd NE Olympia, WA
1 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Luxury
Fitness Center
Storage
12
$1,700 - 1,900
122 Lilly Rd NE
Olympia, WA
2 - 3 BR | Available Now
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Dog Friendly
Cat Friendly
Disability Access
Dishwasher
26
$1,250 - 1,395
1102 Olympia Ave NE
Olympia, WA
Studio - 1 BR | Available Now
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Dog Friendly
Cat Friendly
Storage
Disability Access
12
$1,700
Landis Pointe
801 Lilly Rd Olympia, WA
1 BR | Available Now
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Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Fitness Center
Storage
14
$1,575
425 Ensign Rd NE
Olympia, WA
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Storage
Disability Access
15
$1,799 - 1,899
Talisman
3724 Ensign Rd NE Olympia, WA
2 BR | Available Now
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Dog Friendly
Cat Friendly
Surface Parking
Fitness Center
Storage
8
$1,795
1015 State Ave NE
Olympia, WA
2 BR | Ask for Availability
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1 - 12 of 12 Results
  1. Home
  2. Olympia
  3. 98506

How much does it cost to rent an apartment in 98506?

98506 apartments
Bed Type Average Rent Range
Studio $1,250 $1,250 - $1,250
1BR $1,720 $1,330 - $1,860
2BR $1,800 $1,690 - $2,730
3BR $2,050 $1,900 - $2,700
Frequently Asked Questions

How many apartments are available in 98506 on Rentable.co?

Rentable.co has 12 apartments available for rent in 98506.

What is the average rent for an apartment in 98506?

The average rent for an apartment in 98506 is around $1,730 per month.

What is the average rent for a two-bedroom apartment in 98506?

The average rent for a two-bedroom apartment in 98506 is around $1,796 per month.

What is the average rent for a one-bedroom apartment in 98506?

The average rent for a one-bedroom apartment in 98506 is around $1,716 per month.

What is the average rent for a studio apartment in 98506?

The average rent for a studio apartment in 98506 is around $1,250 per month.

Find an Apartment in 98506
Looking for apartments for rent in 98506 Olympia, WA? Rentable has a variety of options available in this area. Currently, there are 36 units available for rent with an average rent of $1,730. The lowest rent for a studio floor plan starts at $1,250.

Located in Olympia, WA, the 98506 zip code offers residents access to a range of amenities and nearby points of interest. Close to this area, you can find beautiful parks such as Priest Point Park and Watershed Park, where you can enjoy outdoor activities or relax in nature. Olympia also offers a vibrant community with events, dining, and shopping options nearby.

If you're searching for apartments near 98506, Rentable has a wide selection of rentals to meet your needs. Choose from various floor plans and price ranges to find the perfect home in Olympia, WA. Take a look at Rentable's listings for apartments in 98506 and start your search today!

Olympia:
May Rent Report

Welcome to the May 2026 Olympia Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Olympia rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Olympia and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Olympia average rent prices in the chart below.

Monthly Rent Report

$1,900
$1,430
$950
$480
$0
Jun. 2025
Jul. 2025
Aug. 2025
Sep. 2025
Oct. 2025
Nov. 2025
Dec. 2025
Jan. 2026
Feb. 2026
Mar. 2026
Apr. 2026
May. 2026
1 BR       2 BR

Olympia Rent Prices Decrease From April to May

Olympia rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Olympia one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Olympia experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Olympia two-bedroom apartments currently stands at $.

May Prices: Olympia vs. Surrounding Areas

Rent Prices in Olympia and Surrounding Areas

Rent prices have decreased in Olympia over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Olympia suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Olympia suburbs

  • Rents did not decrease in any of the Olympia suburbs.

May 2026 Pricing Trends: Olympia vs. National Comparisons

Olympia Rent Prices More Affordable Than Major Cities

Rent growth in Olympia over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Olympia average rent prices appear to be relatively affordable for local residents.

The price for a Olympia one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Olympia and surrounding area rent prices, take a look at the complete data set below.

Data set for Olympia and suburbs

1 BR May 1 BR M/M % Change 2 BR May 2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

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