What's the average rent in Banner Elk, NC?
Rental Market Trends in Banner Elk, NC
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SOURCE: TRULIA DATA
Rental market highlights
As of September 2026, the average rent in Banner Elk, NC is $2,100 per month, which is 8% higher than the national average rent of $1,948 per month.
AVERAGE RENT
$2,100
-6.7%-$150 decrease month-over-month
7.7%$150 increase year-over-year
AVAILABLE RENTALS
17
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $1,667 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $40,000 |
| All | $2,100 |
As of September 2026, the average rent for a 1 bedroom rental in Banner Elk, NC is $1,960 per month, followed by $1,667 for a 2 bedroom rental, $2,200 for a 3 bedroom rental, and $40,000 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,225 |
| 2 Bedrooms | $1,667 |
| 3 Bedrooms | $2,200 |
| 4 Bedrooms | $40,000 |
| All | $1,667 |
As of September 2026, the average rent for a 1 bedroom apartment in Banner Elk, NC is $1,225 per month, followed by $1,667 for a 2 bedroom apartment, $2,200 for a 3 bedroom apartment, and $40,000 for a 4 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,100 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | — |
| All | $2,100 |
As of September 2026, the average rent for a 1 bedroom house in Banner Elk, NC is $1,960 per month, followed by $2,100 for a 2 bedroom house, and $2,700 for a 3 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -7% compared to the previous year, which is a $150 decrease.
This year (2026)
Last year (2025)
Rent distribution
44% of rentals have rent of $1,500-$2,199/month
Rental price range
The price range for rentals is $1,225 to $40,000.
