Rent in Olney, MD
Across Olney's 2 ZIP codes, a 2-bedroom typically rents for about $2,454 a month, with figures from $1,873–$3,000. The highest typical rent is in 20830 ($2,470) and the lowest in 20832 ($2,437). Owner-occupied homes in Montgomery County pay about 0.87% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $2,370 | $2,111–$2,600 | 2 |
| 1 bed | $2,470 | $2,204–$2,710 | 2 |
| 2 beds | $2,454 | $1,873–$3,000 | 2 |
| 3 beds | $3,165 | $2,537–$3,820 | 2 |
| 4 beds | $3,756 | $3,101–$4,500 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Olney ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Olney, MD?
- About $2,454 a month: the median of the typical rents in 2 ZIP codes, which range from $1,873–$3,000. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Olney, MD?
- About $2,470 a month: the median of the typical rents in 2 ZIP codes, which range from $2,204–$2,710. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Olney, MD?
- About $3,165 a month: the median of the typical rents in 2 ZIP codes, which range from $2,537–$3,820. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Olney, MD?
- About $2,370 a month: the median of the typical rents in 2 ZIP codes, which range from $2,111–$2,600. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Olney, MD?
- About $3,756 a month: the median of the typical rents in 2 ZIP codes, which range from $3,101–$4,500. Figures are gross rent (rent plus tenant-paid utilities).
- Which Olney ZIP code has the highest rent?
- For a 2-bedroom, 20830 has the highest typical rent at $2,470 a month, and 20832 the lowest at $2,437.
- What is the property tax rate in Olney, MD?
- Owner-occupied homes in Montgomery County pay a typical 0.87% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Olney rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).