Olene renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Olene is about $1,179 per month. This puts it in the 75th percentile compared to the state average cost of rent, which is $1,284. Households in Olene have a median income of $8,490 per month so the average renter in Olene is spending roughly 14% of their earnings on housing.
Nationally, and in Olene, home values are the data point most closely correlated with the cost of rent. The median price of a home in Olene is $387,863 right now, which is higher than nearby cities, meaning that rents in Olene also tend to be higher versus these nearby cities.
Higher rent prices are common in the northwestern parts of Olene while lower rent rates are often available in eastern areas.
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