
Cheap Homes for Rent in Olney, TX from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in Olney.


1913 1/2 Tilden St

1913 Tilden St

2615 Colquit Rd

225 N Sycamore St
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.

1650 Ardath Ave

2114 Polk St

3307 Garfield St

908 Tennessee St

2125 Ave F
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.

400 N Tackitt St

2938 McGaha Ave

2939 Moffett Ave

2006 Keeler Ave

4309 Boren Ave
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

How much does it cost to rent a home in Olney?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Olney 2 Bedroom Homes for Rent | $1,132 | $625 | $1,625 |
Olney 3 Bedroom Homes for Rent | $1,659 | $910 | $2,795 |
Olney 4 Bedroom Homes for Rent | $2,372 | $1,400 | $5,200 |
Olney 5 Bedroom Homes for Rent | $8,500 | $8,500 | $8,500 |
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Olney, TX Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Ridge Apartments ALL BILLS PAID | Studio | Studio,1BA | $495 |
Santa Fe Village & Highlander Apartments | 1 Bedroom | 1BR,1BA | $650 |
Fountaingate | A1 | 1BR,1BA | $650 |
Forest Glen | A1P 1x1 | 1BR,1BA | $675 |
Country Club Estates | 1br duplex | 1BR,1BA | $699 |
Best Value Apartments for Rent in Olney, TX and Nearby
As of May 12, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Parkstone Crossroads | 3-60 | 3BR,2BA | $1.05 |
Lions Court Apartments | Luxury Upgraded No Backyard | 2BR,1.5BA | $0.78 |
Maverick on Maurine Apartments | B1 | 2BR,2BA | $0.96 |
Willow Apts, 929 Brazos, Graham, TX 76450 | 1st Floor | 2BR,1BA | $0.99 |
Mustang Village | 2 Bed / 2 Bath | 2BR,2BA | $0.80 |
The Maverick on Seymour | A1 | 1BR,1BA | $1.06 |
Pioneer Crossing Burkburnett Seniors | One Bed | 1BR,1BA | $1.00 |
Santa Fe Village & Highlander Apartments | 1 Bedroom | 1BR,1BA | $0.90 |
Country Club Estates | 1br duplex | 1BR,1BA | $0.98 |
Sheppard's Edge | 1 Bedroom/1 Bath | 1BR,1BA | $1.06 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Olney
What type of rentals are currently available in Olney?
There are currently 45 Apartments for Rent in Olney, TX with pricing that ranges from $515 to $1,850. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olney ranging from $500 to $8,500.
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 $500 to $8,500 with an average monthly rent of $2,848.
How much are larger Three and Four Bedroom Rentals in Olney?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Olney range from $530 to $1,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $910 to $2,795. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $1,099.
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.

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.

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.

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.

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.