5

Newest Homes for Rent in Olean, NY

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  • /9

    $975 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1608-1608 1 2 Avenue B Unit Apartment 1608 1/2, Olean, NY 14760

    1608-1608 1 2 Avenue B Unit Apartment 1608 1/2, Olean, NY 14760
  • /18

    $975 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    212 St Unit Apartment 207; Lower, Olean, NY 14760

    212 St Unit Apartment 207; Lower, 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
  • /23

    $1,100

    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
  • /48

    $2,250 Per Month

    • 2 Beds
    • 1 Bath
    • 4,621 Sq Ft
    • Apartment for Rent

    315 Laurens St, Olean, NY 14760

    This impeccably maintained, upscale triplex is situated on a desirable corner lot and offers convenient off-street parking in a pleasant neighborhood. You will appreciate the easy access to shopping and dining, along with the generous space and comfort typically associated with a single-family home.Unit Details:Downstairs Apartment (Unit 1: $2250/m): Features central air conditioning, two

    Myoungjin Joo Listing by Myoungjin Joo

    315 Laurens St, Olean, NY 14760

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 June 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 12.4, 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 Trends in Olean, NY

Rental Home Trends

Number of Homes for Rent
5
Median Rent
$975
Median Single Family Home Rent
$2,250
Median Townhouse Rent
$895
Median Condo Rent
$975
How to Rent a Home