Newest Homes for Rent in Olean, NY

/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
Explore Olean
/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
$1,000

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

New York Cattaraugus County

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 $1,000 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 $40,000 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 $1,000 per month in Olean, NY, renters typically need to show $3,000 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 12.5, 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

There are currently 3 homes available for rent in Olean, NY. The median rent is $1,000 per month, with single-family homes renting at $1,725, townhouses at $895 and condos at $950.

Rental Home Trends

Number of Homes for Rent 3	Median Rent $1,000
Median Single Family Home Rent $1,725	Median Townhouse Rent $895
Median Condo Rent $950

How to Rent a Home

Rentals in Olean

Homes for Rent by Bedrooms in Olean

Rentals by Price in Olean

Olean Rentals under $1,200

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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