What's the average rent in Banner Elk, NC?
Rental Market Trends in Banner Elk, NC
Choose another city
SOURCE: TRULIA DATA
Rental market highlights
As of May 2026, the average rent in Banner Elk, NC is $2,370 per month, which is 24% higher than the national average rent of $1,910 per month.
AVERAGE RENT
$2,370
0.0%No change month over month
-5.2%-$130 decrease year-over-year
AVAILABLE RENTALS
8
APARTMENTS
HOUSES
TOWNHOUSES
Average rent by number of bedrooms
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $3,662 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $3,800 |
| All | $2,850 |
As of May 2026, the average rent for a 1 bedroom rental in Banner Elk, NC is $1,200 per month, followed by $3,662 for a 2 bedroom rental, $1,900 for a 3 bedroom rental, and $3,800 for a 4 bedroom rental.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $4,500 |
| 3 Bedrooms | — |
| 4 Bedrooms | — |
| All | $1,200 |
As of May 2026, the average rent for a 1 bedroom apartment in Banner Elk, NC is $1,200 per month, followed by $4,500 for a 2 bedroom apartment.
| Floor plan type | Average rent |
|---|---|
| 1 Bedroom | $1,960 |
| 2 Bedrooms | $2,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $3,900 |
| All | $2,370 |
As of May 2026, the average rent for a 1 bedroom house in Banner Elk, NC is $1,960 per month, followed by $2,370 for a 2 bedroom house, $1,900 for a 3 bedroom house, and $3,900 for a 4 bedroom house.
Average rent trends and rent ranges
Average rent price over time
In the past year, rent has decreased by -21% compared to the previous year, which is a $630 decrease.
This year (2026)
Last year (2025)
Rent distribution
29% of rentals have rent of $3,000-$3,799/month
Rental price range
The price range for rentals is $1,200 to $4,500.
