494 Cranberry St
NewlandNC28657
Cheap Homes for Rent in Banner Elk, NC from $1,200 (9 Rentals)
Cheap Homes in Banner Elk.
367 Sugarloaf Rd
BooneNC28607
150 Smith St
Elk ParkNC28622
152 Hill Ln
TradeTN37691
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
226 Hill Ln
TradeTN37691
1443 Sugar Mountain Dr, Unit C18
1443 Sugar Mountain Dr
Sugar MountainNC28604
64 Creekside Dr, Unit B
64 Creekside Dr
Banner ElkNC28604
3411 US-321
Blowing RockNC28605
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.
82 Creekside Dr, Unit Ski Country Condominiums
82 Creekside Dr
Banner ElkNC28604
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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 | $2,234 | $1,300 | $2,800 |
| Banner Elk 3 Bedroom Homes for Rent | $2,613 | $1,310 | $3,900 |
| Banner Elk 4 Bedroom Homes for Rent | $2,460 | $2,410 | $2,510 |
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 $895. 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 | E4 Duplex | 5BR,5BA | $895 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Banner Elk, NC and Nearby
As of May 05, 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 39 Single Family Homes for rent, Condos, and Townhome rentals currently available in Banner Elk ranging from $1,200 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 $1,200 to $3,900 with an average monthly rent of $2,081.
How much are larger Three and Four Bedroom Rentals in Banner Elk?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Banner Elk range from $869 to $2,485, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,310 to $3,900. Four Bedroom Single-Family rentals are also available starting from $2,410 and Four Bedroom Apartments start at $615.
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.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
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.