Last updated on September 17, 2026

Average rent in
Olean, NY

Median rent

Median rent in Olean

$950/mo

decreased by3%

vs previous year

The average rent in Olean is $950 per month as of September 2026. This is 50% below the national average rent, or $950 less per month.

$1.86

average price per square foot

Total rentals

Available rentals in Olean

9

for rent on Zumper.com as of September 2026

Rent price distribution

Share of Olean rentals at each price point

90%68%45%23%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

This report has limited data.Due a shortage of data for this selected bedroom and/or property type in Olean, NY, in the last 30 days, rent estimates may not represent the actual market.

Rent trends in Olean, NY

Average rent prices in Olean have decreased by 19% over the last month and have decreased by 3% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Olean, NY

Rent prices in Olean vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Olean is $950, whereas a house costs $2,200. 1-bedroom apartments in Olean run $925 on average, while 2-bedroom apartments are $950.

Listings

1 bedroom

$925

14%

7%

2 bedroom

$950

6%

10%

3 bedroom

$1,900

14%

62%

4 bedroom

$2,500

22%

-

1 bedroom

Average rent

$925

Last 30 days

14%

Last year

7%

2 bedroom

Average rent

$950

Last 30 days

6%

Last year

10%

3 bedroom

Average rent

$1,900

Last 30 days

14%

Last year

62%

4 bedroom

Average rent

$2,500

Last 30 days

22%

The table above reflects average rent prices in Olean, NY, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Olean, NY compare to other cities?

Compare median rent prices in Olean and Allegany by all bedroom counts and property types.

Olean

Median rent price$950
decreased by50%

lower than the national median

Median rent price$925
decreased by51%

lower than the national median

Takeaway

The median rent for all rentals in Olean, NY is 3% higher than the median rent in Allegany, NY.

Discover rentals in Olean, NY

321 N Union St - Photo 1 of 1

2d ago

Apartment for rent in Olean

ResidentialLease, Olean, NY

321 N Union St, Olean, NY 14760

2 beds

1.5 baths

$2,000

118 S 8th St - Photo 1 of 1

40m ago

8.3

Very good

118 S 8th St

118 S 8th St, Olean, NY 14760

1 bed

1 bath

$925

314 North 2nd Street, Olean NY 14760 - Photo 1 of 1

1h ago

8.6

Very good

314 North 2nd Street, Olean NY 14760

314 N 2nd St, Olean, NY 14760

1–2 beds

1 bath

$800–$875

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Frequently asked questions for Olean, NY

Quick answers to common questions about the Olean rental market.

How much is rent in Olean?

The average rent in Olean is $950 per month as of September 12, 2026.

Is rent up or down in Olean?

Average rent prices in Olean have decreased by 19% over the last month and have decreased by 3% since last year.

How does Olean rent compare to the national average?

Rent in Olean is 50% below the national average, which means renters are paying approximately $950 less per month.

What salary do I need to afford rent in Olean?

To comfortably afford rent in Olean, you'd need to earn approximately $38,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

Apartments for rent in Allegany