Olbernhau is a popular tourist destination. Among the town's major sights are:
- the Copper Hammer Mill "Althammer" on which the Russian tzar Peter the Great once rode
- the open-air museum "Saigerhütte" (founded in 1493, ore processing technology + tiny workmen's houses)
- the museum, located in a former manor, offering a wide range of information about local traditions
- the "Tanz- und Ballhaus Tivoli", a ballroom with beautiful Art Deco glass window
- the pittoresque Oberneuschönberg church (consecrated in 1695). Snuggled in the beautiful Flöha Valley with its six sub-valleys, Olbernhau offers scenic views and attractive paths for hiking and winter sports.