Cheap Apartments for Rent in Banner Elk, NC from $600 (48 Rentals)

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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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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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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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Stadium View Apartments
1 to 2 Bedroom Apartments

Stadium View Apartments

526 Stadium DrBoone, NC 28607
Student Housing
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Paxton Place
1 to 2 Bedroom Apartments

Paxton Place

407 S Roan StJohnson City, TN 37601
  • Utilities Included

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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The Magellan
1 Bedroom Apartments

The Magellan

954 Hunting Hills LnBoone, NC 28607
Furnished
  • Smoke Free

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.

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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. 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 ListingModel NameBed/BathPriced From
197 Old US Highway 321Standard Studio EfficiencyStudio,1BA$725
The Standard at BooneTupelo 24BR,4BA$799
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
Sterling Hills ApartmentsGarden_First Floor1BR,1BA$860
Presswood Court1 Bedroom1BR,1BA$895
Axis on Roan1 Bed x 1 Bath1BR,1BA$899
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1,000
101 Park Place AveOne Bed1BR,1BA$1,000
Charleston Square Townhomes2x1.52BR,1BA$1,145
The Emerson Apartments2 Bed x 2 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
College HeightsCollege Heights4BR,4BA$0.43
Turtle Creek West Apartments3bed/3bath Master Layout3BR,3BA$0.65
HighpointeC1 Lodge3BR,3BA$0.74
The Standard at BooneOak 14BR,4BA$0.71
Mountaineer Village3x3 Premium3BR,3BA$0.60
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
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

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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Real 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.

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Quick 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.

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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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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

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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.

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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.

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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.

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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.