How much does it cost to rent in Olney, MD?

As of July 2026, the median monthly rent in Olney, MD is $2,803. This figure is based on aggregated data from public sources and community-submitted rents.

Is Olney cheaper than other Maryland cities?

Olney is one of the pricier cities in Maryland, ranking #7 out of 95 cities tracked at $2,803/mo.

When was Olney rent data last updated?

Olney rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · MD

Olney

Name: Average Rent Prices in Olney, MD
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 35,797·7th most expensive in Maryland·One of the pricier rental markets in the US

Median rent (all units)

$2,803/mo

Year-over-Year

Stable

Month-over-Month

+2.7%

vs US Median

+$838

Rising (Monthly)

Be the first to discuss Olney rents ↓

Most AffordableMost Expensive

Olney · $2,803

More expensive than 87% of US cities · National median $1,965/mo

Affordability

20% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $2,803/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$112,000/yr

Local median income

$171,458/yr

Based on the 30%-of-income rule using Olney's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$2,380

1 BR

$2,430

2 BR

$2,740

3 BR

$3,430

4 BR+

$4,040

Research median

$2,740/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$33,636/yr

At $2,803/mo median

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +2.7% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Olney, MD is majority owner-occupied, has a large share of families with children, has a median income above the national average, 65% of residents hold a bachelor's degree or higher.

Population

35,797

Median income

$171,458

Median age

41.6

Renters

10.8%

Age distribution

26.2%

15.1%

27.9%

14.4%

16.5%

Under 1826.2%

18–3415.1%

35–5427.9%

55–6414.4%

65+16.5%

Gender

49.8%

50.2%

Male49.8%

Female50.2%

Race & ethnicity

56.9%

14.5%

12.1%

White56.9%

Black14.5%

Hispanic12.1%

Asian11.6%

Other4.9%

Education (25+)

12.7%

19.1%

65%

No HS diploma3.2%

HS diploma12.7%

Some college19.1%

Bachelor's+65%

Housing tenure

89.2%

Owner89.2%

Renter10.8%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Olney, MD has changed in 5 years

Income

$161,065 → $171,458

up 6.5%

Population

35,815 → 35,797

down 0.1%

Renter share

10.7% → 10.8%

+0.1 pts

Bachelor's+

66% → 65%

-1.0 pts

Median age

42.4 → 41.6

-0.8 yrs

Local incomes tracked alongside that move, going from a median of $161,065 in 2021 to $171,458 more recently.

Community

Discussions about Olney

No discussions yet. Start the conversation.

View Olney rent history (2015–2026) →

Salary vs rent

Can you afford rent in Olney on your salary?

At $2,803/mo, how Olney rent compares to typical pay (30% rule).

Registered Nurse

Avg $102,038/yr · Rent = 33% income

stretched

Elementary School Teacher

Avg $72,446/yr · Rent = 46.4% income

rent-burdened

Police Officer

Avg $83,452/yr · Rent = 40.3% income

rent-burdened

Software Developer

Avg $149,159/yr · Rent = 22.6% income

affordable

Lawyer

Avg $190,588/yr · Rent = 17.6% income

very comfortable

Firefighter

Avg $67,835/yr · Rent = 49.6% income

rent-burdened

Truck Driver

Avg $61,247/yr · Rent = 54.9% income

severely rent-burdened

Electrician

Avg $75,492/yr · Rent = 44.6% income

rent-burdened

By apartment size

Olney rent by bedroom count

Median rent for each apartment size in Olney. Click any size for full breakdown.

Local insights

Tips for renters in Olney

About renting in Olney, MD

Last updated: July 20, 2026

The median rent in Olney is $2,803/mo as of July 2026. A studio apartment averages $2,380/mo while a 2-bedroom runs $2,740/mo. One-bedroom apartments average $2,430/mo and 3-bedroom units go for $3,430/mo.

At 20% of local median household income ($171,458/yr), Olney ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Olney an affordable city for renters?

Olney is considered very affordable for renters. At $2,803/mo, rent takes approximately 20% of the local median household income ($171,458/yr). The standard benchmark is 30%. Olney falls comfortably within that range.

How much income do you need to rent in Olney?

To keep rent at or below 30% of gross income, you would need to earn at least $112,000/year (~$54/hour full-time) to afford the median rent of $2,803/mo in Olney. The local median household income is $171,458/yr, meaning the typical Olney household meets that threshold.

Is rent going up or down in Olney?

Rent in Olney has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Olney rent compare to other cities in Maryland?

Olney is one of the pricier cities in Maryland for rent, ranking #7 out of 95 tracked cities at $2,803/mo.

Which nearby cities are cheaper to rent in than Olney?

Several nearby cities have lower median rents than Olney ($2,803/mo): Silver Spring ($1,966/mo), Gaithersburg ($2,187/mo), Rockville ($2,426/mo).

What percentage of Olney residents rent vs. own?

According to Census data, approximately 10.8% of Olney households are renters, while 89.2% are owner-occupied. Olney leans toward homeownership, which can mean a smaller rental inventory.