6

Olean, NY Homes for Rent

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  • /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
  • /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
  • /12

    $2,450

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    611 W Henley St Unit Furnished Modern 3 Bedroom, Olean, NY 14760

    Welcome to this modern, fully-furnished, upper 3-bedroom, 1-bath unit, thoughtfully designed to offer clean, comfortable, and truly move-in ready living. This property stands out with its consistent updates, bright interior, and functional layout ideal for working professionals or anyone seeking a hassle-free furnished rental. All utilities are included.Inside, you'll find well-sized

    611 W Henley St Unit Furnished Modern 3 Bedroom, 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
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    $1,000 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    212 1 2-207 1 2 N 11th St Unit Apartment 207 1/2; Upper, Olean, NY 14760

    Upper three bedroom apartment in Olean NY, offering large, spacious rooms and a comfortable layout with plenty of room to settle in. This rental features convenient in-unit laundry hookups, making everyday living easier, along with a practical floor plan ideal for those looking for an affordable and functional home. Utilities are extra! Located near Olean local shops, restaurants, schools, parks,

    212 1 2-207 1 2 N 11th St Unit Apartment 207 1/2; Upper, Olean, NY 14760

Why Live in Olean

Olean, New York, is a small city of just under 14,000 residents located on the banks of the Alleghany River in Western New York’s Southern Tier region. Known for hosting St. Bonaventure University and the headquarters of Cutco, Olean features a vibrant business district and entertainment scene. The city is characterized by historic homes on well-organized streets, shaded by tall trees, with most homes within walking distance of the river. Southern Tier Catholic School is a highly rated private option for education. North Union Street serves as the main thoroughfare, lined with grocery stores, big-box retailers, and a variety of dining options, including the popular Beef 'N' Barrel. Outdoor enthusiasts can enjoy the paved trail along the Alleghany River, numerous parks, and recreational activities like boating and fishing. Forness Park and Franchot Park offer baseball diamonds for local games. Olean’s community events include the annual festival at St. Mary of the Angels church and a seasonal farmer’s market. The nearby Ellicottville ski resort provides additional recreational opportunities and hosts events like Oktoberfest. Despite its amenities, Olean maintains a small-town feel, with a close-knit community and a walkable layout, though residents often rely on cars for travel to other parts of the state.

Frequently Asked Questions

How much does it cost to rent a home in Olean, NY?
The median rent for a home in Olean, NY is $975 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 $39,000 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 $975 per month in Olean, NY, renters typically need to show $2,925 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 12.8, 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 Homes for Rent
6
Median Rent
$975
Median Single Family Home Rent
$2,300
Median Townhouse Rent
$873
Median Condo Rent
$975
How to Rent a Home