Apartments for Rent in Olney, MD

Prices and availability in Olney, MD were last updated on 3 Nov 2026.

The best apartments in Olney, MD are: Tamarron Apartment Homes, HOC at Willow Manor LLC - Fair Hill Farm and Mosaic - 200001.

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 $2,042.

The price range for a 2-bedroom apartment in Olney, MD is between $1,626 and $2,236.

The price range for a 3-bedroom apartment in Olney, MD is between $1,324 and $2,607.

In Olney 11% of the housing is rented out compared to 89% of homes are owned, according to the most recent Census Bureau estimates. 13% of Olney's apartments are found in large buildings of 50 units or more, 70% are located in smaller apartment complexes with less than 50 units, and 17% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Olney are about 26 years old, on average. Of these, 67% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.