629 4th St NW
LintonIN47441
Cheap Homes for Rent in Olney, IL from $500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Olney.
140 Main St, Unit Front
LintonIN47441
1103 Broadway St
VincennesIN47591
1208 W Johnson St
VandaliaIL62471
220 S Main St
GriffinIN47616
817 N Main St
FloraIL62839
332 N French St
SullivanIN47882
Showing Results 1-7, Page 1 of 1
Olney, IL Local Guide
Whittle Street in Olney by Nyttend is licensed under Internal
How much does it cost to rent a home in Olney?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olney 2 Bedroom Homes for Rent | $1,859 | $528 | $6,500 |
| Olney 3 Bedroom Homes for Rent | $1,489 | $859 | $2,200 |
| Olney 4 Bedroom Homes for Rent | $1,661 | $1,299 | $2,500 |
Browse Top Homes for Rent in Olney
Explore Olney
Olney, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Olney Apartments for Rent and Nearby
The cheapest available apartment rental in Olney, IL is a 1 Bed unit found at Arthur Ave Apartments priced from $610. Southern Meadows has the second lowest priced unit, which is a Studio apartment currently listed from $625. Here is today’s list of the most affordable Olney apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $610 |
| Southern Meadows | Studio | Studio,1BA | $625 |
| Mission Viejo Villas | A- Antiqua | 1BR,1BA | $850 |
Best Value Apartments for Rent in Olney, IL and Nearby
As of April 16, 2025 the best value apartment in the Olney area is the $1.07 price per square foot Prime Living at Its Finest: Luxurious Stand-Alo... Model at Circle Point Villas in the starting from $1,650. The second greatest value Olney apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Olney apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Circle Point Villas | Prime Living at Its Finest: Luxurious Stand-Alo... | 3BR,2BA | $1.07 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Eagle Village Student Housing | 4x2 Single Bed Furnished | 4BR,2BA | $0.50 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.03 |
| North Park | Berkshire | 2BR,1.5BA | $1.05 |
| Chesterfield Village | 2 Bedroom 1 Bathroom | 2BR,1BA | $1.14 |
| Royal Heights | 3 Person Occupancy | 3BR,1.5BA | $1.11 |
| Mission Viejo Villas | A- Antiqua | 1BR,1BA | $1.14 |
| Arthur Ave Apartments | 1x1 | 1BR,1BA | $0.97 |
| Wabash Riverfront Flats | 2 bed 1 Bath | 2BR,1BA | $0.95 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Olney area?
If you’re an expert on all things Olney, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Olney
What type of rentals are currently available in Olney?
There are currently 45 Apartments for Rent in Olney, IL with pricing that ranges from $550 to $2,750. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olney ranging from $528 to $6,500.
What is the current price range for Rental Homes in Olney?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Olney ranges from $528 to $6,500 with an average monthly rent of $1,669.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords & Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.