
Cheap Apartments for Rent in Olney, TX from $300 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Olney.


Taft Haus Apartments

Santa Fe Village & Highlander Apartments

Woodview
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.

Fountaingate

Forest Glen

Red River Senior Village
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.

Parkstone Crossroads

Parkway Villas

Country Club Estates

La Donna RGLLC

225 N Sycamore St
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.
Olney, TX Local Guide

How much does it cost to rent an apartment in Olney?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Olney Studio Apartments | $540 | $495 | $645 |
Olney 1 Bedroom Apartments | $854 | $550 | $1,445 |
Olney 2 Bedroom Apartments | $1,007 | $574 | $1,724 |
Olney 3 Bedroom Apartments | $1,145 | $550 | $1,850 |
Olney 4 Bedroom Apartments | $1,253 | $1,099 | $1,407 |
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Olney, TX Local Guide
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Cheapest Available Olney Apartments for Rent and Nearby
 The cheapest available apartment rental in Olney, TX is a 1 Bed unit found at Fountaingate in the West Wichita Falls neighborhood priced from $650. Santa Fe Village & Highlander Apartments in the North Wichita Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $650. Here is today’s list of the most affordable Olney apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Fountaingate | A1 | 1BR,1BA | $650 |
Santa Fe Village & Highlander Apartments | 1 Bedroom | 1BR,1BA | $650 |
Forest Glen | A1P 1x1 | 1BR,1BA | $675 |
Parkway Villas | 2 Bedroom/2 Bath | 2BR,2BA | $690 |
Country Club Estates | 1br duplex | 1BR,1BA | $699 |
Best Value Apartments for Rent in Olney, TX and Nearby
As of June 26, 2025 the best value apartment in the Olney area is the $1.00 price per square foot 2 Bed / 2 Bath Model at Westwind Manor in the starting from $1,395. The second greatest value Olney apartment is the 3-50 Model at Parkstone Crossroads starting at $940 with a $0.85 price per square foot in the West Wichita Falls neighborhood. 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. |
---|---|---|---|
Westwind Manor | 2 Bed / 2 Bath | 2BR,2BA | $1.00 |
Parkstone Crossroads | 3-50 | 3BR,2BA | $0.85 |
Raintree Apartments | 2X2 | 2BR,2BA | $1.04 |
Lions Court Apartments | Luxury Upgraded No Backyard | 2BR,1.5BA | $0.78 |
Parkway Villas | 2 Bedroom/2 Bath | 2BR,2BA | $0.86 |
Willow Apts, 929 Brazos, Graham, TX 76450 | 1st Floor | 2BR,1BA | $0.99 |
Mustang Village | 2 Bed / 2 Bath | 2BR,2BA | $0.81 |
Pioneer Crossing Burkburnett Seniors | One Bed | 1BR,1BA | $1.00 |
Santa Fe Village & Highlander Apartments | 1 Bedroom | 1BR,1BA | $0.90 |
Country Club Estates | 1br duplex | 1BR,1BA | $0.98 |
Quick Rent Budget Calculator
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Pet Friendly Lifestyle
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Pet Friendliness Lifestyle Score
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Getting Around Olney, TX
Walk Score®
18 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
31 / 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 $650 at Fountaingate.
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 $690 at Parkway Villas.
What is the most affordable Olney Three Bedroom Apartment?
The best deal on a cheap Olney Three Bedroom Apartment rental is at Country Club Estates and starts from $869.
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.

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.

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.