Banner Elk NC Apartments
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Apartments For Rent Near Banner Elk, NC
We found 19 more apartments matching your filters just outside Banner Elk
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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 decreased in May 2026 compared to the previous month. Rent previously peaked in Oct 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,450 |
| Jul 2025 | $1,450 |
| Aug 2025 | $1,225 |
| Sep 2025 | $1,700 |
| Oct 2025 | $4,313 |
| Nov 2025 | $1,950 |
| Dec 2025 | $900 |
| Jan 2026 | $2,913 |
| Feb 2026 | $2,580 |
| Mar 2026 | $1,600 |
| Apr 2026 | $1,600 |
| May 2026 | $1,200 |
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 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| 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 |
Frequently Asked Questions about Apartments and Condos for rent 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 $1,200 per month. This is about 38% lower 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 Oct 2025 when it was $4,313 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 $1,200 per month. That is about $305 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in Banner Elk, NC?There are 2 available apartments or condos to rent 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?
- 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.