At $2,813/mo, rent takes about 20% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,813 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: September 25, 2026
What the numbers show
30% of the median household income ($171,458) is $4,286 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($4,040).
From Zillow's monthly rent index (ZORI) for Olney. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Olney, MD has changed in 5 years
Local incomes tracked alongside that move, going from a median of $161,065 in 2021 to $171,458 more recently.
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Can you afford rent in Olney on your salary?
At $2,813/mo, how Olney rent compares to typical pay (30% rule).
Olney rent by bedroom count
Median rent for each apartment size in Olney. Click any size for full breakdown.
Tips for renters in Olney
Last updated: September 25, 2026
The median rent in Olney is $2,813/mo as of September 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.
Frequently asked questions
How much income do you need to rent in Olney?
Is rent going up or down in Olney?
How does Olney rent compare to other cities in Maryland?
Which nearby cities are cheaper to rent in than Olney?
At $2,813/mo, rent takes ~20% of Olney's median household income ($171,458/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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