close
View Me
Cheap Apartments for Rent in Olney, IL from $300 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Olney.
close
View Me
$505 - $1,5153 Bedroom Apartments Available Now
The Millennium Apartments
1305 4th StCharleston, IL 61920
close
View Me
$534 - $1,6523 Bedroom Apartments Available Now
Sullivan Downtown Townhomes
833 E Davis StSullivan, IN 47882
close
View Me
$5501 Bedroom Apartments Contact Us For Availability
6th St Apartments
1132-1142 6th StCharleston, IL 61920
close
View Me
$585 - $1,1702 Bedroom Apartments Available Aug 15
Melrose and Brooklyn Heights Apartments
950 4th StCharleston, IL 61920
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
close
View Me
412 Rice St
CarmiIL62821
close
View Me
close
View Me
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
close
View Me
510 Ellen Dr
CarmiIL62821
217 Steven St
CarmiIL62821
322 N Hart St
PrincetonIN47670
14 N Central Ave
CaseyIL62420
close
View Me
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
close
View Me
Showing Results 1-18, Page 1 of 1
Olney, IL Local Guide
Whittle Street in Olney by Nyttend is licensed under Internal
How much does it cost to rent an apartment in Olney?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Olney Studio Apartments | $1,373 | $895 | $1,500 |
| Olney 1 Bedroom Apartments | $1,143 | $550 | $1,750 |
| Olney 2 Bedroom Apartments | $1,115 | $585 | $2,500 |
| Olney 3 Bedroom Apartments | $1,339 | $534 | $1,652 |
| Olney 4 Bedroom Apartments | $751 | $580 | $1,395 |
Browse Top Apartments in Olney
See all Apartments in OlneyExplore Olney
Olney, IL Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Olney Apartments for Rent and Nearby
The cheapest available apartment rental in Olney, IL is a 3 Beds unit found at The Millennium Apartments priced from $505. Sullivan Downtown Townhomes has the second lowest priced unit, which is a 3 Beds apartment currently listed from $534. Here is today’s list of the most affordable Olney apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $505 |
| Sullivan Downtown Townhomes | 3 Bed 2.5 Bath Duplex | 3BR,2BA | $534 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $615 |
| Southern Meadows Senior Living | Move in TODAY! Ask about our move in special! | 1BR,1BA | $750 |
| 1905 12th St | 2BDR | 2BR,1BA | $910 |
Best Value Apartments for Rent in Olney, IL and Nearby
As of July 30, 2025 the best value apartment in the Olney area is the $1.16 price per square foot Single Family Home Model at Sullivan Downtown Townhomes in the starting from $1,598. The second greatest value Olney apartment is the 3 Bedroom Model at The Millennium Apartments starting at $505 with a $0.41 price per square foot . Here is today’s list of the best values for Olney apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sullivan Downtown Townhomes | Single Family Home | 3BR,2.5BA | $1.16 |
| The Millennium Apartments | 3 Bedroom | 3BR,1BA | $0.41 |
| Eagle Village | 4BR/2BA - Furnished | 4BR,2BA | $0.50 |
| Liv at Locust Creek | Luxury Dresden | 2BR,1.5BA | $1.15 |
| Vail Estates Apartments | Two Bedroom One Bathroom | 2BR,1BA | $1.08 |
| North Park | Berkshire | 2BR,1.5BA | $1.12 |
| Woodbridge Place | The Pine | 2BR,1BA | $1.19 |
| Park Place | 1639, 3 bed | 3BR,1BA | $1.15 |
| Mission Viejo Villas | B- Barcelona | 1BR,1BA | $1.13 |
| Fairway Plaza | 1 Bedroom | 1BR,1BA | $0.88 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Olney area?
If you’re an expert on all things Olney, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Olney, IL
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Olney, IL Rentals by Map
See the most popular apartments and homes in Olney, IL
Getting Around Olney, IL
Walk Score®
44 / 100
Car-Dependent
Most errands require a car
Bike Score®
41 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Olney Apartments
How much is rent for a Cheap One Bedroom Olney Apartment?
The lowest price for a Cheap One Bedroom Olney Apartment is $615 at Fairway Plaza.
What is the lowest price for a Cheap Two Bedroom Olney Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Olney is starting from $910 at 1905 12th St.
What is the most affordable Olney Three Bedroom Apartment?
The best deal on a cheap Olney Three Bedroom Apartment rental is at The Millennium Apartments and starts from $505.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.