What's the average rent in Elon, NC?

Rental Market Trends in Elon, NC

SOURCE: TRULIA DATA

Rental market highlights

As of August 2026, the average rent in Elon, NC is $1,490 per month, which is 24% lower than the national average rent of $1,965 per month.

AVERAGE RENT

$1,490
6.4%
$90 increase month-over-month
-18.4%
-$335 decrease year-over-year

AVAILABLE RENTALS

23

APARTMENTS

$1,098

HOUSES

$1,750

TOWNHOUSES

$1,750
As of August 2026, apartments are the most affordable rental option in Elon, NC at $1,098 per month, while townhomes are the most expensive at $1,750 per month. Houses average $1,750 per month, offering a mid-range alternative for renters.

Average rent by number of bedrooms

Floor plan typeAverage rent
1 Bedroom$695
2 Bedrooms$1,400
3 Bedrooms$1,700
4 Bedrooms$2,100
All$1,490
As of August 2026, the average rent for a 1 bedroom rental in Elon, NC is $695 per month, followed by $1,400 for a 2 bedroom rental, $1,700 for a 3 bedroom rental, and $2,100 for a 4 bedroom rental.

Average rent trends and rent ranges

Average rent price over time

In the past year, rent has decreased by -17% compared to the previous year, which is a $300 decrease.
This year (2026)
Last year (2025)

Rent distribution

31% of rentals have rent of $800-$1,499/month

Rental price range

The price range for rentals is $525 to $4,000.
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