9824 Hwy 421 S
TradeTN37691
Cheap Homes for Rent in Banner Elk, NC from $900 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Banner Elk.
494 Cranberry St
NewlandNC28657
367 Sugarloaf Rd
BooneNC28607
150 Smith St
Elk ParkNC28622
1581 Shulls Mill Rd
BooneNC28607
152 Hill Ln
TradeTN37691
226 Hill Ln
TradeTN37691
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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Banner Elk, NC Local Guide
Mission Crossing Scenic Byway by NCDOTcommunications is licensed under CC BY 2.0
How much does it cost to rent a home in Banner Elk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Banner Elk 2 Bedroom Homes for Rent | $1,947 | $1,300 | $2,750 |
| Banner Elk 3 Bedroom Homes for Rent | $2,564 | $1,310 | $3,900 |
Browse Top Homes for Rent in Banner Elk
Explore Banner Elk
Banner Elk, NC Local Guide
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Cheapest Available Banner Elk Apartments for Rent and Nearby
The cheapest available apartment rental in Banner Elk, NC is a 1 Bed unit found at Watauga Square in the Downtown Johnson City neighborhood priced from $817. The Cottages of Boone has the second lowest priced unit, which is a 5 Beds apartment currently listed from $879. Here is today’s list of the most affordable Banner Elk apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Watauga Square | 1 Bedroom 1 Bathroom | 1BR,1BA | $817 |
| The Cottages of Boone | E3 Triplex | 5BR,5BA | $879 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Banner Elk, NC and Nearby
As of April 22, 2025 the best value apartment in the Banner Elk area is the $0.77 price per square foot C3 Cottage Model at The Cottages of Boone in the starting from $1,040. The second greatest value Banner Elk apartment is the 4x4 Super Deluxe Model at Student Quarters Johnson City starting at $680 with a $0.52 price per square foot in the Downtown Johnson City neighborhood. Here is today’s list of the best values for Banner Elk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Cottages of Boone | C3 Cottage | 3BR,3BA | $0.77 |
| Student Quarters Johnson City | 4x4 Super Deluxe | 4BR,4BA | $0.52 |
| Boone Student Living | HC-C1 | 3BR,3BA | $0.67 |
| The Finmore at 241 | D1 | 4BR,4BA | $0.87 |
| 197 Old US Highway 321 | Cedar Chalet | 3BR,1.5BA | $0.67 |
| Plaza View Luxury Condominiums | 2 Bed, 1.5 Bath Model | 2BR,1.5BA | $1.18 |
| Park Place Apartments | 2 Bed x 2 Bath | 2BR,2BA | $1.06 |
| The Village of Meadowview | v2-1 | 2BR,2BA | $1.12 |
| Monarch 815 | 2BR | 2BR,2BA | $0.86 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $1.05 |
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Frequently Asked Questions about Banner Elk
What type of rentals are currently available in Banner Elk?
There are currently 47 Apartments for Rent in Banner Elk, NC with pricing that ranges from $615 to $3,000. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banner Elk ranging from $900 to $3,900.
What is the current price range for Rental Homes in Banner Elk?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Banner Elk ranges from $900 to $3,900 with an average monthly rent of $1,862.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.