Careers
Favorites
Advertise With Us
Log In
Create Search Alert
Get alerts when new listings become available in the Banner Elk area that match this search.
Email address:

Subscribed
Error! Please try again later.
Contact Property
Your Name

Email Address

Phone Number
Desired Move In Date
Desired Number of Bedrooms
Request a Tour Date

Ask a Question

Error! Please try again later.

Apartments in Banner Elk

1 - 4 of 4 Results
11
$2,195
191 Laurel Ln
Banner Elk, NC
3 BR | Jul. 25, 2025
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Dishwasher
1
$2,390
Freshly Updated Home In Valle Crucis
2329 Broadstone Rd Banner Elk, NC
2 BR | Aug. 3, 2025
Contact
Dog Friendly
Cat Friendly
House
Balcony/Deck/Patio
Storage
1
$1,310
150 Smith St
Elk Park, NC
3 BR | Available Now
Contact
House
1
$2,200
Three-bedroom Upper Duplex Near Downtown Banner Elk
173 Old Tpke Banner Elk, NC
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
House
Dishwasher
1 - 4 of 4 Results
  1. Home
  2. Banner Elk

How much does it cost to rent an apartment in Banner Elk?

Banner Elk Apartments
Bed Type Average Rent Range
3BR $2,200 $1,310 - $2,200
Frequently Asked Questions

How many apartments are available in Banner Elk, NC on Rentable.co?

Rentable.co has over 44 apartments available in Banner Elk.

Can I afford an apartment for rent in Banner Elk, NC?

Based on average rent prices in Banner Elk, to afford a three-bedroom apartment you would need an annual household income of $88,000 to live comfortably.

Search Cities Near Banner Elk, NC

Boone, NC
Elizabethton, TN

Banner Elk:
June Rent Report

Welcome to the June 2025 Banner Elk Apartment Report. In this assessment of the local rental market, data scientists and rental experts break down the June 2025 key findings and figures for the Banner Elk rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Banner Elk and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Banner Elk average rent prices in the chart below.

Monthly Rent Report

$2,600
$1,950
$1,300
$650
$0
Jul. 2024
Aug. 2024
Sep. 2024
Oct. 2024
Nov. 2024
Dec. 2024
Jan. 2025
Feb. 2025
Mar. 2025
Apr. 2025
May. 2025
Jun. 2025
1 BR       2 BR

Banner Elk Rent Prices Decrease From May to June

Banner Elk rent prices decreased over the last month. From May to June, the city experienced a 0.0% decrease for the price of a one-bedroom apartment. The rent price for a Banner Elk one-bedroom apartments currently stands at $1,145.0.

When we take a look at the two-bedroom comparison from May to June, Banner Elk experienced a 5.12% increase for the price of a two-bedroom apartment. The rent price for a Banner Elk two-bedroom apartments currently stands at $2,072.0.

June Prices: Banner Elk vs. Surrounding Areas

Rent Prices in Banner Elk and Surrounding Areas

Rent prices have decreased in Banner Elk over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Banner Elk suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Banner Elk suburbs

  • Rents did not decrease in any of the Banner Elk suburbs.

June 2025 Pricing Trends: Banner Elk vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Columbus, OH
Pittsburgh, PA
Minneapolis, MN
$4,101
$3,197
$2,350
$2,316
$1,870
$1,341
$1,263
$1,247
$0
$1,350
$2,700
$4,050
$5,400
Median Rent

Banner Elk Rent Prices More Affordable Than Major Cities

Rent growth in Banner Elk over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Banner Elk average rent prices appear to be relatively affordable for local residents.

The price for a Banner Elk one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Banner Elk and surrounding area rent prices, take a look at the complete data set below.

Data set for Banner Elk and suburbs

1 BR June 1 BR M/M % Change 2 BR June 2 BR M/M % Change

Methodology

Each month, using over 1 million listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.

Browse Banner Elk Apartments
Banner Elk Apartments by Type