Average Rent in Olney, MD

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Current Versus Historical Olney, MD Rents

Olney rentals average $4,250 for a studio rental to $4,300 for a 4-bedroom rental. The median price of all currently available listings is $2,750, or roughly $19 per square feet.

For the apartment units and housing in June 2026, median rents have risen substantially over the last year. Studio rentals prices have increased by $2,717 (177.17%) year-over-year from $1,533 to $4,250. 1-bedroom rentals prices have increased by $347 (21.45%) year-over-year from $1,616 to $1,963. 2-bedroom rentals prices have increased by $17 (0.67%) year-over-year from $2,483 to $2,500. 3-bedroom rentals prices have decreased by $450 (-14.06%) year-over-year from $3,200 to $2,750. 4-bedroom rentals prices have increased by $17 (0.43%) year-over-year from $3,833 to $3,850. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 0.00% this month. 1-bedroom rents have gone down by 3.68% this month. 2-bedroom rents have gone up by 0.33% this month. 3-bedroom rents have gone down by 6.25% this month. 4-bedroom rents have gone up by 4.05% this month.

Beds	Price / Sqft	Jun 2026 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$24.29	$4,250	$1,533 (177.17%)	$1,846 (130.27%)
1 BR	$19.24	$1,963	$1,616 (21.45%)	$1,698 (15.61%)
2 BR	$28.85	$2,500	$2,483 (0.67%)	$1,947 (28.42%)
3 BR	$19.58	$2,750	$3,200 (-14.06%)	$2,717 (1.23%)
4+ BR	$16.87	$3,850	$3,833 (0.43%)	$3,217 (19.69%)

Historical Rents in Olney, MD

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Olney

There are a total of 4 cities nearby Olney. The average rent in Olney is currently $3,086 per month. Our records show that Gaithersburg, MD, with an average rent of $2,787, is the most affordable city nearby. In contrast, the most expensive city near Olney, MD is Potomac, MD. Monthly rents here are on average $4,600 per month.

Let's compare Olney, MD's rent against other top cities nearby by bedroom size. Typically, rent for studios in Olney, MD is 62.94% more expensive than other cities nearby. One bedrooms are about 0.42% more affordable. Two bedrooms in Olney, MD are about 11.55% more affordable. Finally, rent for three bedrooms are about 33.08% more affordable. Want more information? Check out the top 4 cities near Olney, MD in the following table.

City	Studio	1 Bed	2 Bed	All
Gaithersburg, MD	$1,400	$1,892	$2,469	$2,787
North Bethesda, MD	$1,937	$2,050	$2,925	$2,991
Rockville, MD	$1,750	$2,129	$2,678	$3,180
Potomac, MD	N/A	$1,800	$2,900	$4,600

Top Neighborhoods Near Olney

Neighborhood	Studio	1 Bed	2 Bed	All

Top Counties Near Olney

There are a total of 2 counties located by Olney, MD. Some of these counties include Montgomery, MD and Howard, MD. The average rent for rentals in these counties is $3,050. That's roughly around $22 per sqft. The county that is the most affordable is Montgomery, MD. Its average rent per month is $3,000. Vice versa, with an average rent of $3,100, Howard, MD is the most expensive county by Olney, MD.

Typically, rent for studios in Olney, MD is 60.95% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Olney, MD is 4.46% more expensive than other counties nearby. Finally, rent for two bedrooms in Olney, MD is 2.10% more expensive than other counties nearby. We've listed all of these counties in the table below.

County	Studio	1 Bed	2 Bed	All
Montgomery, MD	$2,025	$2,100	$2,600	$3,000
Howard, MD	$1,295	$1,650	$2,295	$3,100

Top Zipcodes Near Olney

There are a total of 3 zipcodes in or near Olney, MD. The average rent for all of these zipcodes is $2,950. One zipcode has an average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 20906, Aspen Hill, MD at $2,500 per month. In comparison, the zipcode with the most expensive average rent of $3,137 per month is 20850, Rockville, MD.

Studios in these zipcodes have an average rent of $1,790. That's at least $43 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Olney, MD is $2,050 per month. Or in other words, $32 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,600 per month. Which comes out to $26 per sqft. The following table includes the top 3 zipcodes in Olney, MD. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
20852, North Bethesda, MD	$1,937	$2,050	$3,225	$2,950
20850, Rockville, MD	$1,790	$2,098	$2,600	$3,137
20906, Aspen Hill, MD	N/A	$1,925	$2,325	$2,500

Frequently Asked Questions - Olney Average Rents

What is the average rent price in Olney, MD?

The average monthly rental price for Olney, MD apartments for rent is approximately $2,750. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Olney, MD rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Olney, MD.

How much is a studio apartment in Olney, MD?

The average monthly rental price for studio apartments is $4,250 and an average price per square feet of $24.29. There are a total of 1 studio apartment listings currently available for rent in Olney.

How much is a one bedroom apartment in Olney, MD?

The average monthly rental price for one bedroom apartments is $1,963 and an average price per square feet of $19.24. There are a total of 4 one bedroom apartment listings currently available for rent in Olney.

How much is a two bedroom apartment in Olney, MD?

The average monthly rental price for two bedroom apartments is $2,500 and an average price per square feet of $28.85. There are a total of 1 two bedroom apartment listings currently available for rent in Olney.

How have rent prices in Olney, MD changed this year?

Rent prices for rentals in Olney, MD can fluctuate yearly. Specifically, studio rental prices have changed by 1.77%, one bedroom rental prices have changed by 0.21%, two bedroom rental prices have changed by 0.01%, three bedroom rental prices have changed by -0.14% year-over-year.

What is a reasonable rent price in Olney, MD?

A reasonable rent price in Olney, MD is around $2,200/month. You can search for these reasonably priced rental listings on RentHop.