Available Nov 5

$2,450/mo

2 beds2 baths870 sqft

Apartment for rent120 Water St. NW, Olympia, WA, 98501

120 Water St. NW

LIVING BETTER IS EVERYONE'S DREAM and we found the DREAM view location! Named for the tree found near coastal waters, the Pacific Madrone symbolizes beauty and enduring strength. The Madrone Apartments bring those qualities to the corner of State Ave. and Water St. in downtown Olympia, creating a place you’ll want to call home. Quality finishes include a brick exterior, expansive windows, two-tone cabinetry, quartz countertops, in-unit washer and dryer, and air conditioning in every home. The building is pet-friendly, with a rooftop dog-walking station coming this summer. Limited parking is also available for a monthly fee. With 10/10 walkability, you’re just steps from local shops, restaurants, and everything downtown Olympia has to offer. Enjoy convenient access to Budd Inlet, Capitol Lake, and views of the Capitol Rotunda. This hard-to-find north-facing 2-bedroom, 2-bathroom home features an en-suite bathroom, eat-at kitchen counter, ample cabinet storage, and incredible natural light. There’s no carpet anywhere in the unit, and white roller shades provide privacy while still letting you enjoy the views. And don’t miss the kitchen—its color and finishes are even better in person. Efficient air conditioning keeps the home comfortable year-round, while select 3rd-, 4th-, and 5th-floor homes offer exceptional water and park views. The Madrone Features • Air-Conditioning • In-Unit Washer/Dryer • Peninsula Kitchen with Bar Seating + Ample Cabinet Storage • Luxury Vinyl Flooring • Quartz Countertops • Stainless Steel Appliances • Pet-Friendly • Elevator Access • Onsite Parking • Onsite Fitness Center • Rooftop Community Area + Dog Walk • Barbecue Grill • Stunning Waterfront Views + Capitol Views Rental Terms •No smoking •12 month lease required •Application fee: $50.00 (non refundable) •Deposit: 1 months rent+ 25% due at approval process to secure unit. (take off market) •Pet Friendly with deposit: 25% of 1 months rent per pet • DOG rent $35. CAT rent $50 monthly •Tenants pay water/sewer/garbage $120.00 (monthly) •Parking: $90.00 monthly through building if available OR (annually through the cityofolympia.org)1 spot per unit maximum, limited spots to less then ½ the building. •Proof of renters insurance required Minimum credit score of 680 Call to inquire about this unit today! (360) 742-4877

Last updated Sep 22, 2026

Amenities

  • Air conditioning: Other
  • Dishwasher
  • Parking: Dedicated spot
  • View
  • Washer & dryer: Other

Neighborhood

120 Water St. NW, Olympia, WA, 98501

Policies & fees

Lease length:Contact for details

Security deposit:$2,450

Amount refundable:Contact for details

Pets:Allowed

Small Dogs Allowed, Large Dogs Allowed, Cats Allowed

Monthly pet fee:Contact for details

Pet deposit:Contact for details

Application fee:Contact for details

Screening required:No

Smoking:N/A

Utilities

Contact for details

  • Cable/satellite
  • Electric
  • Garbage
  • Gas
  • HOA fees
  • Internet
  • Water
  • Sewer
  • Renters insurance

Property highlights

  • Pet friendly: cats & dogs are welcome in Olympia, WA
  • Dedicated parking space included
  • Spacious 2-bed, 2-bath layout with 870 sq ft

Frequently asked questions

Price and availability subject to change.