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Rental Market Trends in Olney, MD

Updated July 2026

The average rent in Olney, MD is $1,944/month.

Rent in Olney is 17% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.

$1,944/month

Average Rent

793 Sq Ft

Average Size

-12.8%

Change / Year

82

Available Apartments

Olney rent varies by unit size and layout:

  • Studio apartments in Olney average per month.
  • One-bedroom apartments in Olney average $1,944 per month.
  • Two-bedroom apartments in Olney average $2,310 per month.
  • Three-bedroom apartments in Olney average $2,702 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$1,944/month
793 Sq Ft
Two Bedroom
$2,310/month
968 Sq Ft
Three Bedroom
$2,702/month
1,171 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Four Bedroom
$4,450/month
2,925 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Three Bedroom
$3,091/month
792 Sq Ft
View Olney Apartments

How much has average rent changed in Olney, MD?

In the past year, rent has decreased by 12.8%, which averages out to $249 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Olney, MD

July 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Olney, MD
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
100% Above $2,000/month

What salary do I need to live comfortably in Olney, MD?

Because the average rent in Olney is $1,944, you’ll want to make about $6,480 per month or $77,760 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Olney, MD

82 Available Apartments for Rent

Search for Nearby Apartments

How does Olney, MD compare to other nearby cities and neighborhoods?

Use the tool below to compare Olney, MD to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

View the Olney Area Guide

Apartment Averages

Apartment Communities in Olney We Think You'll Love

Tamarron Apartment Homes

Tamarron Apartment Homes

18101 Marksman Cir,
Olney, MD 20832

1-3 Beds | $2,265 - $2,348

Hampshire Village Senior 62+

Hampshire Village Senior 62+

3210 Norbeck Rd,
Silver Spring, MD 20906

2 Beds | $1,703

Flats at Sandy Spring

Flats at Sandy Spring

900 Olney Sandy Spring Rd,
Ashton-Sandy Spring, MD 20860

Studio - 2 Beds | $1,385 - $2,009

HOC at Willow Manor LLC - Fair Hill Farm

HOC at Willow Manor LLC - Fair Hill Farm

18301 Georgia Ave,
Olney, MD 20832

1-2 Beds | $1,626 - $1,941

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Frequently Asked Questions

What is the average rent in Olney?

The average rent in Olney is $1,944 per month, which is 16.9% higher than the national average of $1,663.

Are rents going up or down in Olney?

Rents in Olney, MD are decreasing, with prices down 12.8% year-over-year and $249 less per month.

What rent range is most common in Olney?

In Olney, MD, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

United States Maryland Olney Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity