Apartments for Rent in Olney, MD

Prices and availability in Olney, MD were last updated on 26 Jun 2026.

The best apartments in Olney, MD are: Tamarron Apartment Homes and HOC at Willow Manor LLC - Fair Hill Farm.

The average rent in Olney, MD is $2,157.

The price range for a 1-bedroom apartment in Olney, MD is between $1,626 and $2,497.

The price range for a 2-bedroom apartment in Olney, MD is between $1,941 and $2,408.

The price range for a 3-bedroom apartment in Olney, MD is between $2,716 and $2,816.

In Olney, 11% of the residents are renting compared to 89% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 13% of Olney's rentals, 70% are small-scale complexes with under 50 units, and 17% are single-family rentals.

The average age of rental buildings in Olney is 26 years old, with 67% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Olney come in a range of sizes and floorplans. Studio apartments represent 2% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 48% of the total apartments in the city, while 2-bedroom floorplans represent around 46% of all rentals in Olney. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.