4

Olean, NY Condos for Rent

Section Image
  • /6

    $1,400

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    579 Martha Ave Unit Apartment, Olean, NY 14760

    This is a 1 bedroom 1 bedroom fully furnished rustic home. Small balcony off the upper bedroom and little back lawn, This has its own private driveway.

    579 Martha Ave Unit Apartment, Olean, NY 14760
  • /17

    $850

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    125 S 7th St Unit Upper, Olean, NY 14760

    This 1-bedroom, 1-bathroom apartment at 125 S 7th St offers 700 square feet of living space. The living room provides ample room for relaxation and features straightforward access to the kitchen. The bedroom is designed for comfort and includes sufficient closet space. The bathroom is equipped with standard fixtures and provides necessary amenities. On-site laundry facilities are available for

    125 S 7th St Unit Upper, Olean, NY 14760
  • /15

    $925 Per Month

    • 1 Bed
    • 1 Bath
    • 875 Sq Ft
    • Condo for Rent

    118 S 8th St Unit LOWER, Olean, NY 14760

    875 sqft 1b1b lower apartment for rent on S 8th St.In unit laundry.Off Street ParkingNo Pets

    118 S 8th St Unit LOWER, Olean, NY 14760
  • /15

    $900 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    119-119 1 2 S 8th St Unit 119 1/2 South 8th Street (Rear), Olean, NY 14760

    Two bedroom cottage style home! Rent does not include utilities. Refrigerator is included. Stove/Oven is not included. Hookups for both electric or gas. No pets please. On street parking only - the driveway is for the front home on the property. Professionally managed and maintained for added convenience and peace of mind. Lease signing, first month's rent, and security deposit are required prior

    119-119 1 2 S 8th St Unit 119 1/2 South 8th Street (Rear), Olean, NY 14760

Frequently Asked Questions

How much does it cost to rent a condo in Olean, NY?
The median rent for a condo in Olean, NY is $938 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Olean, NY?
To comfortably afford the median rent in Olean, NY, a household needs to earn roughly $37,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $937 per month in Olean, NY, renters typically need to show $2,811 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Olean, NY?
In Olean, NY, the price-to-rent ratio is 13.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$938
Median 1 Bedroom Condo Rent
$925
Median 2 Bedroom Condo Rent
$925
Median 3 Bedroom Condo Rent
$1,000
How to Rent a Home