Cheap Apartments for Rent in Banner Elk, NC from $700 (48 Rentals)

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Search the lowest-cost Apartments available for rent right now in Banner Elk.

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.

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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.

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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.

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200-206 S Boone St
1 Bedroom Apartments

200-206 S Boone St

200-206 S Boone StJohnson City, TN 37604
  • Utilities Included
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Paxton Place
1 to 2 Bedroom Apartments

Paxton Place

407 S Roan StJohnson City, TN 37601
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Magellan
1 Bedroom Apartments

The Magellan

954 Hunting Hills LnBoone, NC 28607
Furnished
  • Smoke Free
Showing Results 1-48, Page 1 of 1

Banner Elk, NC Local Guide

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. Forrest Edge Townhomes! - 4bd/4ba: Centrally Located! Upscale Student Living! has the second lowest priced unit, which is a 4 Beds apartment currently listed from $750. Here is today’s list of the most affordable Banner Elk apartments for rent:

Apartment ListingModel NameBed/BathPriced From
197 Old US Highway 321Standard Studio EfficiencyStudio,1BA$725
Forrest Edge Townhomes! - 4bd/4ba: Centrally Located! Upscale Student Living!Forrest Edge Townhomes! - Roommate Matching Bed...4BR,4BA$750
The Standard at BooneTupelo 24BR,4BA$799
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
Buccaneer Court1 Bedroom - Buccaneer Court / Tweetsie Trail1BR,1BA$850
Presswood Court1 Bedroom1BR,1BA$895
Axis on Roan1 Bed x 1 Bath1BR,1BA$899
Boone Student LivingGC-D14BR,4BA$925
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1,000
101 Park Place AveOne Bed1BR,1BA$1,000

Best Value Apartments for Rent in Banner Elk, NC and Nearby

As of May 05, 2026 the best value apartment in the Banner Elk area is the $0.63 price per square foot Trapper's Keep 1 Model at Trapper's Keep 1 in the starting from $875. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Trapper's Keep 1Trapper's Keep 14BR,4BA$0.63
Turtle Creek West Apartments3bed/3bath Master Layout3BR,3BA$0.65
HighpointeC1 Lodge3BR,3BA$0.74
Student Quarters Johnson City | Student Housing4x4 Super Deluxe4BR,4BA$0.57
Mountaineer Village3x3 Premium3BR,3BA$0.81
Boone Student LivingCV-C23BR,3BA$0.81
Positive Way ApartmentsPositive Way3BR,2BA$0.78
The Harbor2BR2BR,2BA$0.97
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1.09
Presswood Court1 Bedroom1BR,1BA$1.05

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Banner Elk, NC Rentals by Map

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See the most popular apartments and homes in Banner Elk, NC

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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 $985 at Buccaneer Court.

What is the most affordable Banner Elk Three Bedroom Apartment?

The best deal on a cheap Banner Elk Three Bedroom Apartment rental is at Boone Student Living and starts from $925.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.