Last updated on July 31, 2026

Average rent in
Olean, NY

Median rent

Median rent in Olean

$900/mo

increased by6%

vs previous year

The average rent in Olean is $900 per month as of July 2026. This is 53% below the national average rent, or $1,030 less per month.

$2.07

average price per square foot

Total rentals

Available rentals in Olean

9

for rent on Zumper.com as of July 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 increased by 13% over the last month and have increased by 6% 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 $2,500. 1-bedroom apartments in Olean run $875 on average, while 2-bedroom apartments are $950.

Listings

1 bedroom

$875

3%

32%

2 bedroom

$900

No Change

8%

3 bedroom

$1,900

No Change

97%

4 bedroom

$1,850

10%

-

1 bedroom

Average rent

$875

Last 30 days

3%

Last year

32%

2 bedroom

Average rent

$900

Last 30 days

No Change

Last year

8%

3 bedroom

Average rent

$1,900

Last year

97%

4 bedroom

Average rent

$1,850

Last 30 days

10%

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$900
decreased by53%

lower than the national median

Median rent price$950
decreased by51%

lower than the national median

Takeaway

The median rent for all rentals in Olean, NY is 5% lower than the median rent in Allegany, NY.

Discover rentals in Olean, NY

207 - 207 1/2 North 11st Street, Olean NY 14760 - Photo 1 of 1

1d ago

8.4

Very good

207 - 207 1/2 North 11st Street, Olean NY 14760

207 207 - 207 1/2 North 11st Street, Olean, NY 14760

3 beds

1 bath

$1,175

Apartment for rent

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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 $900 per month as of July 25, 2026.

Is rent up or down in Olean?

Average rent prices in Olean have increased by 13% over the last month and have increased by 6% since last year.

How does Olean rent compare to the national average?

Rent in Olean is 53% below the national average, which means renters are paying approximately $1,030 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 $36,000/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