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Olean, NY Homes for Rent

Section Image
  • /23

    $1,000

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,518 Sq Ft
    • Townhouse for Rent

    134 N 10th St Unit 134, Olean, NY 14760

    Beautiful Brick side by side duplex. 3 Beds, 1 Bath. Hardwood floors large kitchen, living and dining rooms. Beautiful home. You won't be disappointed.

    134 N 10th St Unit 134, Olean, NY 14760
  • /20

    $1,175 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    212 St Unit Apartment 207 1/2; Upper, Olean, NY 14760

    212 St Unit Apartment 207 1/2; Upper, Olean, NY 14760
  • /16

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Modern, New Build, Move-In Ready One Bedroom Rental – All Utilities Included and Furnished!

    329 N 8th St, Olean, NY 14760

    Step into this brand new, never-lived-in one bedroom apartment that blends modern comfort with thoughtful design. This fully furnished home comes complete with quality furnishings and all appliances—including a stove, refrigerator, microwave, washer, and dryer—for effortless living.Enjoy all utilities included and all-electric convenience for predictable monthly costs. The bright, open

    329 N 8th St, 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 $1,100 per month, though prices vary by neighborhood, size, and property type. As of July 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 $44,000 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 $1,100 per month in Olean, NY, renters typically need to show $3,300 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 11.4, 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
3
Median Rent
$1,100
Median Single Family Home Rent
$1,725
Median Townhouse Rent
$895
Median Condo Rent
$950
How to Rent a Home