Cheap Apartments for Rent in Olney, TX from $300 (19 Rentals)

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Search the lowest-cost Apartments available for rent right now in Olney.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Olney, TX Local Guide

Cheapest Available Olney Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olney, TX is a Studio unit found at Stone Ridge Apartments ALL BILLS PAID in the East Wichita Falls neighborhood priced from $495. Santa Fe Village & Highlander Apartments in the North Wichita Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Olney apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stone Ridge Apartments ALL BILLS PAIDStudioStudio,1BA$495
Santa Fe Village & Highlander Apartments1 Bedroom1BR,1BA$650
FountaingateA11BR,1BA$650
Forest GlenA1P 1x11BR,1BA$675
Country Club Estates1br duplex1BR,1BA$699

Best Value Apartments for Rent in Olney, TX and Nearby

As of May 18, 2025 the best value apartment in the Olney area is the $1.05 price per square foot 3-60 Model at Parkstone Crossroads in the in the West Wichita Falls neighborhood starting from $1,152. The second greatest value Olney apartment is the Luxury Upgraded No Backyard Model at Lions Court Apartments starting at $725 with a $0.78 price per square foot in the East Wichita Falls neighborhood. Here is today’s list of the best values for Olney apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Parkstone Crossroads3-603BR,2BA$1.05
Lions Court ApartmentsLuxury Upgraded No Backyard2BR,1.5BA$0.78
Maverick on Maurine ApartmentsB12BR,2BA$0.96
Willow Apts, 929 Brazos, Graham, TX 764501st Floor2BR,1BA$0.99
Mustang Village2 Bed / 2 Bath2BR,2BA$0.80
The Maverick on SeymourA11BR,1BA$1.06
Pioneer Crossing Burkburnett SeniorsOne Bed1BR,1BA$1.00
Santa Fe Village & Highlander Apartments1 Bedroom1BR,1BA$0.90
Country Club Estates1br duplex1BR,1BA$0.98
Sheppard's Edge1 Bedroom/1 Bath1BR,1BA$1.06

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.

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Pet Friendly Lifestyle

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Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Olney, TX Rentals by Map

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Getting Around Olney, TX

Walk Score®

18 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

31 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Olney Apartments

How much is rent for a Cheap One Bedroom Olney Apartment?

The lowest price for a Cheap One Bedroom Olney Apartment is $650 at Fountaingate.

What is the lowest price for a Cheap Two Bedroom Olney Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Olney is starting from $720 at Parkway Villas.

What is the most affordable Olney Three Bedroom Apartment?

The best deal on a cheap Olney Three Bedroom Apartment rental is at Country Club Estates and starts from $869.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.