
Cheap Apartments for Rent in Banner Elk, NC from $600 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in Banner Elk.


197 Old US Highway 321

New River Farms Apartments

Watauga Square

Buccaneer Court

Presswood Court

Axis on Roan

Sterling Hills Apartments

River View Townhomes
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Charleston Square Townhomes

Beaver Hollow Apartments

101 Park Place Ave

Summer Chase Apartments

The Emerson Apartments

Blue Ridge Apartments

Studio West Apartments

Universal at Mockingbird Lane

171 Leola St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Morganton Trading Company

Forest View Apartments

Blue Bell at Lenoir Mills

Meadowood Garden

Park Place Apartments

Woodbridge Apartments

Cedar Hills Apartments & Townhomes

Plaza View Luxury Condominiums

Brown Crossing Apartments
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

The Everly Apartments

The Henry on Main

Riverview Apartments

200-206 S Boone St

2723 S Roan St

1406 Cliffside Pl SE

Stadium View Apartments

1507 Linden St

Paxton Place
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1421 Piedmont Dr NW

143 Ridge Crest Dr

2311 Central Dr

716 King Springs Rd

147 Hiatt Ln

Bost Road Apartments

The Magellan

494 Cranberry St

2735 Tablerock Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2039 Heritage Pl

120 Oliver Ln

2292 W Wade Ave
Banner Elk, NC Local Guide

How much does it cost to rent an apartment in Banner Elk?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Banner Elk Studio Apartments | $1,384 | $850 | $1,900 |
| Banner Elk 1 Bedroom Apartments | $1,376 | $825 | $2,163 |
| Banner Elk 2 Bedroom Apartments | $1,452 | $835 | $3,090 |
| Banner Elk 3 Bedroom Apartments | $1,449 | $699 | $3,150 |
| Banner Elk 4 Bedroom Apartments | $1,282 | $700 | $2,600 |
Browse Top Apartments in Banner Elk
See all Apartments in Banner ElkExplore Banner Elk
Banner Elk, NC Local Guide
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Cheapest Available Banner Elk Apartments for Rent and Nearby
 The cheapest available apartment rental in Banner Elk, NC is a Studio unit found at 197 Old US Highway 321 priced from $725. The Standard at Boone has the second lowest priced unit, which is a 4 Beds apartment currently listed from $799. Here is today’s list of the most affordable Banner Elk apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 197 Old US Highway 321 | Standard Studio Efficiency | Studio,1BA | $725 |
| The Standard at Boone | Tupelo 2 | 4BR,4BA | $799 |
| Watauga Square | 1 Bedroom 1 Bathroom | 1BR,1BA | $817 |
| Sterling Hills Apartments | Garden_First Floor | 1BR,1BA | $860 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $895 |
| Axis on Roan | 1 Bed x 1 Bath | 1BR,1BA | $899 |
| Beaver Hollow Apartments | 2 Bedroom S60 | 2BR,1BA | $1,000 |
| 101 Park Place Ave | One Bed | 1BR,1BA | $1,000 |
| Charleston Square Townhomes | 2x1.5 | 2BR,1BA | $1,145 |
| The Emerson Apartments | 2 Bed x 2 Bath | 2BR,2BA | $1,150 |
Best Value Apartments for Rent in Banner Elk, NC and Nearby
As of June 18, 2026 the best value apartment in the Banner Elk area is the $0.43 price per square foot College Heights Model at College Heights in the in the Downtown Johnson City neighborhood starting from $650. The second greatest value Banner Elk apartment is the 3bed/3bath Master Layout Model at Turtle Creek West Apartments starting at $905 with a $0.65 price per square foot . Here is today’s list of the best values for Banner Elk apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| College Heights | College Heights | 4BR,4BA | $0.43 |
| Turtle Creek West Apartments | 3bed/3bath Master Layout | 3BR,3BA | $0.65 |
| Highpointe | C1 Lodge | 3BR,3BA | $0.74 |
| The Standard at Boone | Oak 1 | 4BR,4BA | $0.71 |
| Mountaineer Village | 3x3 Premium | 3BR,3BA | $0.60 |
| Plaza View Luxury Condominiums | 2 Bed, 1.5 Bath Model | 2BR,1.5BA | $1.18 |
| Positive Way Apartments | Positive Way | 3BR,2BA | $0.78 |
| The Harbor | 2BR | 2BR,2BA | $0.97 |
| Beaver Hollow Apartments | 2 Bedroom S60 | 2BR,1BA | $1.09 |
| Presswood Court | 1 Bedroom | 1BR,1BA | $1.05 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Banner Elk, NC Rentals by Map
See the most popular apartments and homes in Banner Elk, NC
Frequently Asked Questions about Cheap Banner Elk Apartments
What is the Cheapest Studio apartment in Banner Elk?
Currently the most affordable Cheap Studio Apartment in Banner Elk is at 197 Old US Highway 321 listed at $725.
How much is rent for a Cheap One Bedroom Banner Elk Apartment?
The lowest price for a Cheap One Bedroom Banner Elk Apartment is $817 at Watauga Square.
What is the lowest price for a Cheap Two Bedroom Banner Elk Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Banner Elk is starting from $1,000 at Beaver Hollow Apartments.
What is the most affordable Banner Elk Three Bedroom Apartment?
The best deal on a cheap Banner Elk Three Bedroom Apartment rental is at Park Place Apartments and starts from $1,237.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.