Olney, Philadelphia, PA Rental Market Trends
Last updated: February 26, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Olney is $1,292, a 6.84% increase compared to the previous year, when the average rent was $1,209.
Studio Apartments at $945 offer the most budget-friendly option with 454 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 611 square feet for $1,212, balancing privacy and affordability.
Two-beedroom units at $1,416 offer 775 square feet, perfect for roommates or small families.
Average rent in Olney, Philadelphia, PA
Last updated: February 26, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,292 | 677 sq. ft. |
| Studio | $945 | 454 sq. ft. |
| 1 Bed | $1,212 | 611 sq. ft. |
| 2 Beds | $1,416 | 775 sq. ft. |
| 3 Beds | n/a | n/a |
Olney, Philadelphia, PA rent trends
Rental prices in Olney, Philadelphia, PA have increased by 6.84% over the past year. The average rent moved from $1,209 to $1,292.
What's the typical rent budget in Olney, Philadelphia, PA?
The largest share of rentals in Olney, Philadelphia, PA (96%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Olney, Philadelphia, PA?
3,522 or 31% of the households in Olney, Philadelphia, PA are renter-occupied while 7,773 or 69% are owner-occupied.
Most affordable neighborhoods in Olney?
Ogontz $1,112/month
Tioga $1,120/month
Frankford $1,132/month
All of these neighborhoods fall below the city wide average of $1,982/month.Most expensive neighborhoods in Olney?
Hawthorne $3,108/month
University City $3,218/month
Society Hill $3,368/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Philadelphia, PA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Society Hill | $3,368 |
| University City | $3,218 |
| Hawthorne | $3,108 |
| Center City West | $2,791 |
| North Philadelphia | $2,746 |
| Powelton Village | $2,623 |
| Rittenhouse Square | $2,544 |
| Logan Square | $2,463 |
| Passyunk Square | $2,421 |
| Northern Liberties | $2,402 |
| Old City | $2,324 |
| Fishtown | $2,281 |
| Market East | $2,227 |
| West Poplar | $2,226 |
| Olde Kensington | $2,220 |
| Manayunk | $2,189 |
| Southwest Center City | $2,157 |
| Spring Garden | $2,103 |
| East Poplar | $2,092 |
| Washington Square West | $2,091 |
| Callowhill | $2,064 |
| Kensington South | $1,974 |
| Chestnut Hill | $1,963 |
| Mill Creek | $1,962 |
| Cabot | $1,863 |
| East Torresdale | $1,860 |
| Mantua | $1,785 |
| Norris Square | $1,781 |
| Paradise | $1,779 |
| Central Roxborough | $1,748 |
| Spruce Hill | $1,742 |
| Brewerytown | $1,736 |
| Packer Park | $1,728 |
| Francisville | $1,725 |
| Wynnefield Heights | $1,716 |
| Upper Roxborough | $1,698 |
| Garden Court | $1,695 |
| Wissahickon | $1,663 |
| Andorra | $1,662 |
| Wynnefield | $1,644 |
| East Kensington | $1,638 |
| East Falls | $1,621 |
| Point Breeze | $1,588 |
| Overbrook Farms | $1,584 |
| Parkwood | $1,572 |
| Millbrook | $1,568 |
| Holmesburg | $1,547 |
| West Mount Airy | $1,517 |
| Bustleton | $1,487 |
| Rhawnhurst | $1,485 |
| Cecil B Moore | $1,474 |
| West Torresdale | $1,472 |
| Somerton | $1,466 |
| Germantown | $1,444 |
| Kensington | $1,428 |
| Winchester | $1,420 |
| Fox Chase | $1,415 |
| Melrose Park Gardens | $1,414 |
| Burholme | $1,408 |
| Tacony | $1,408 |
| East Oak Lane | $1,407 |
| Bells Corner | $1,376 |
| Ashton - Woodenbridge | $1,355 |
| East Mount Airy | $1,336 |
| Cedarbrook | $1,335 |
| Eastwick Southwest Philadelphia | $1,329 |
| Oxford Circle | $1,309 |
| West Oak Lane | $1,302 |
| Olney | $1,292 |
| Cobbs Creek | $1,265 |
| Cedar Park | $1,253 |
| Lexington | $1,248 |
| Fern Rock | $1,224 |
| Logan | $1,207 |
| Walnut Hill | $1,177 |
| Frankford | $1,132 |
| Tioga | $1,120 |
| Ogontz | $1,112 |
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Philadelphia | Rent Comparison by Neighborhood
Rent in Olney is 22% lower than in Andorra
$1,292
Olney rent is the same as Philadelphia average
Average Rent
$1,292
$1,662
Andorra rent is 29% higher than Philadelphia average
Average Rent
$1,662
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Olney apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.