Cheap Apartments for Rent in Olney, MO from $700 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Olney.

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.

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-20, Page 1 of 1

Olney, MO Local Guide

Cheapest Available Olney Apartments for Rent and Nearby

 

The cheapest available apartment rental in Olney, MO is a 2 Beds unit found at 1500 N Carolina St priced from $700. Elm Tree Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $920. Here is today’s list of the most affordable Olney apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1500 N Carolina St2X22BR,2BA$700
Elm Tree Commons1 Bed, 1 bath1BR,1BA$920
Peine LakesThe Adler1BR,1BA$1,082
Cedar Lakes ApartmentsA31BR,1BA$1,095
Vista On The Park: Inspired LivingVista on the Park - Brand New One bedroom Apart...1BR,1BA$1,095

Best Value Apartments for Rent in Olney, MO and Nearby

As of July 26, 2025 the best value apartment in the Olney area is the $1.13 price per square foot Townhome - Bennington Model at Bennington Place - Beautifully Renovated Apartments in the starting from $1,300. The second greatest value Olney apartment is the B2 Model at Heartland View Apartments starting at $1,635 with a $1.44 price per square foot in the Carlton Glen Estates neighborhood. Here is today’s list of the best values for Olney apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Bennington Place - Beautifully Renovated ApartmentsTownhome - Bennington2BR,2.5BA$1.13
Heartland View ApartmentsB22BR,2BA$1.44
Northridge IOak3BR,1.5BA$1.16
The SolsticeTwo Bedroom2BR,2BA$1.46
Boone Street Commons60002BR,2BA$1.18
1500 N Carolina St3x23BR,2BA$1.00
Quail RunThe Reserves 2112BR,2BA$1.30
Elm Tree Commons2 Beds, 2 baths2BR,2BA$1.32
Westchester VillageCourtland Townhome2BR,1.5BA$1.39
Peine LakesThe Adler1BR,1BA$1.35

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Olney, MO Rentals by Map

Decorative image of map

See the most popular apartments and homes in Olney, MO

View Map
Olney, MO Apartments Map
View Map
Olney, MO Rental Homes Map

Frequently Asked Questions about Cheap Olney Apartments

What is the Cheapest Studio apartment in Olney?

Currently the most affordable Cheap Studio Apartment in Olney is at Prairie Encore listed at $1,300.

How much is rent for a Cheap One Bedroom Olney Apartment?

The lowest price for a Cheap One Bedroom Olney Apartment is $920 at Elm Tree Commons.

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 $700 at 1500 N Carolina St.

What is the most affordable Olney Three Bedroom Apartment?

The best deal on a cheap Olney Three Bedroom Apartment rental is at 1500 N Carolina St and starts from $775.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.