Apartments For Rent in Banner Elk, NC

9 rentals

Apartments For Rent Near Banner Elk, NC

We found 30 more apartments matching your filters just outside Banner Elk

Explore Neighborhoods in Banner Elk, NC

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What Locals Say about Banner Elk

  • Dslarson1983
    Valle Crucis, Banner Elk
    "Valle Crucis park is great for the family! There are great play areas for kids, walking paths, and fishing right on the Watauga River. There are great Mast General Store is an awesome place to visit with the family. There is a great beaf jerky shop nearby as well in Valle Crucis. There are 3 ski resorts within striking distance, plus lots of hiking. "
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  • Emma N.
    "Lived in the area most my life. Called the closest place to heaven. No longer the same like to visit on occasion but no longer a place I would live. "
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  • James Behan
    "We love the rural community, the people are friendly, lots of farms, beautiful in all seasons , you need to like mountain roads"
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  • Suzie S.
    "Great area if you dont have to drive & you can afford it. Mostly students, retirees, tourists, contruction workers, loggers, and wealthy 4th homes. Over 3,000 short-term rentals. No place for service workers to live. Very congested with roadwork and tourists in the summer. Nice weather, but it pretends to be the Aspen of Dixie. Housing is same cost as California, but no jobs."
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  • Suzie S.
    "I have seen the High Country change tremendously since 2010. Itt saddens me that we cater mostly to tourists & so many summer residents are incredibly rude. No housing for middle income. It is a huge issue. Beautiful views & weather despite Mack trucks, Loggers, and constant roadwork & traffic. If you are uber wealthy & don't have to commute or work, it is the bees knees as any place would be."
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  • Ambur F.
    "We have block parties on every 4th of July. They have things for adults and children. I also know all my neighbors by their first names. "
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  • Cindyduckworth
    "we have a pool and great neighborhood the people are very friendly and everyone has a pet . I hope to get to know everyone better."
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  • Melinda_kolar
    "Great schools & colleges, amazing neighborhoods and very family oriented & pet friendly. It’s an incredible place to live."
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  • Greeneyedgirl0027
    "We have block parties on major holidays. With food drinks and games for kids including face painting."
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  • Kjbutchko
    "I see a lot of dog friendly venues. People are dining outside with their fur babies. Many services for pets - groomers, vets, pet supply stores. I have not seen any dog parks."
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  • Greeneyedgirl0027
    "There is a lot of grass and hills for the dogs to have fun on and sniff. The only downside is it's a busy street and dogs can easily be hurt by oncoming traffic."
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  • Acutabove
    "I have lived in my neighborhood for almost 18 years and find it quiet and friendly. We are close to 105 therefore are close to all amenities in the High Country."
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  • Sonhamby
    "I have lived at my address for 8+years! It is truly amazing. Summer is awesome here! Winter is brutal!"
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  • Dmtvbh
    "We love the nice cool weather, and everyone we have met have been completely amazing and helpful in any way! We walk to the park daily with our 4yr old and our dog it’s so beautiful!! "
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  • russellfamilyhk
    "We have a second home in Chestnut Falls and absolutely love it.....great area to get away from it all but still be accessible. Love it."
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Average Rent Trends in Banner Elk, NC

Rent in Banner Elk, NC varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in May 2025.
MonthAverage rent
Jun 2025$2,495
Jul 2025$2,390
Aug 2025$2,050
Sep 2025$2,150
Oct 2025$2,150
Nov 2025$2,670
Dec 2025$900
Jan 2026$2,150
Feb 2026$1,960
Mar 2026$1,960
Apr 2026$2,370
May 2026$2,370
View as a graph

Average Rent By Bedroom and Home Type

In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,200$3,500$1,900$3,900$2,370
Townhomes——$2,200—$2,200
Apartments and Condos$1,200$4,500——$1,200
Houses—$2,370$1,900$2,850$2,370
See more information about local market trends in Banner Elk, NC

Frequently Asked Questions about Rentals in Banner Elk, NC

  • What is the average rent of an apartment in Banner Elk, NC?
    The average rent of an apartment in Banner Elk, NC is $1,600 per month. This is about 17% lower than the national average.
  • What is the average rent of a house in Banner Elk, NC?
    The average rent of a house in Banner Elk, NC is $2,370 per month. This is about 23% higher than the national average.
  • What is the average rent of a townhome in Banner Elk, NC?
    The average rent of a townhome in Banner Elk, NC is $2,200 per month. This is about 14% higher than the national average.
  • When is the average rent cheapest in Banner Elk, NC?
    In the last year, the average rent in Banner Elk, NC was lowest in Dec 2025 when it was $900 per month.
  • When is the average rent most expensive in Banner Elk, NC?
    In the last year, the average rent in Banner Elk, NC was highest in May 2025 when it was $3,000 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in Banner Elk, NC?
    The average rent of a 1 bedroom apartment in Banner Elk, NC is $1,600 per month. That is about $150 more than the cost of a studio apartment.
  • How many available rental listings are in Banner Elk, NC?
    There are 10 available rental listings in Banner Elk, NC.
  • What are some neighborhoods in Banner Elk, NC?
    Some neighborhoods in Banner Elk, NC include: Valle Crucis.
  • What are some zip codes in Banner Elk, NC?
    Banner Elk, NC includes zip codes such as: 28604, 28691.
  • What are some cities near Banner Elk, NC?
    Some nearby cities include: Seven Devils, Beech Mountain, Sugar Mountain, Sugar Grove, Elk Park. These cities may have more rental options to explore.