
Cheap Homes for Rent in Olney, TX from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Olney.


2507 Buchanan St

1650 Ardath Ave

2135 Ave J

4710 Brookdale Dr

400 N Tackitt St

4711 N Shore Dr

5107 Lakefront Dr
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 | $1,357 | $995 | $1,800 |
Olney 3 Bedroom Homes for Rent | $1,682 | $975 | $2,300 |
Olney 4 Bedroom Homes for Rent | $2,638 | $1,475 | $5,200 |
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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. Red River Senior Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $550. 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 |
Red River Senior Village | 1 Bed, 1 bath | 1BR,1BA | $550 |
Fountaingate | A1 | 1BR,1BA | $650 |
Best Value Apartments for Rent in Olney, TX and Nearby
As of March 22, 2025 the best value apartment in the Olney area is the $0.97 price per square foot 2X2 Model at Raintree Apartments in the in the West Wichita Falls neighborhood starting from $950. The second greatest value Olney apartment is the 2 Beds, 2 baths Model at Red River Senior Village starting at $775 with a $0.82 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. |
---|---|---|---|
Raintree Apartments | 2X2 | 2BR,2BA | $0.97 |
Red River Senior Village | 2 Beds, 2 baths | 2BR,2BA | $0.82 |
Lions Court Apartments | Luxury Upgraded No Backyard | 2BR,1.5BA | $0.78 |
Parkway Villas | 2 Bedroom/2 Bath | 2BR,2BA | $0.86 |
Willow Apts, 929 Brazos, Graham, TX 76450 | 1st Floor | 2BR,1BA | $0.99 |
Mustang Village | 2 Bed / 2 Bath | 2BR,2BA | $0.80 |
Pioneer Crossing Burkburnett Seniors | 1 Bed, 1 bath | 1BR,1BA | $1.00 |
Santa Fe Village & Highlander Apartments | 1 Bedroom | 1BR,1BA | $0.90 |
Waterford Glen | 1B | 1BR,1BA | $1.01 |
Country Club Estates | 1br duplex | 1BR,1BA | $0.94 |
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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 $381 to $1,825. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Olney ranging from $550 to $5,200.
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 $550 to $5,200 with an average monthly rent of $1,420.
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 $1,825, while Three Bedroom Homes, Condos, and Townhomes for rent range from $975 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,475 and Four Bedroom Apartments start at $1,069.
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.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.