Cheap Apartments for Rent in Banner Elk, NC from $700 (36 Rentals)

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

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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property at 301 Pinnacle Inn Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

Studio, 1 Bath Condo for Rent

Available Apr 1

301 Pinnacle Inn Rd

Beech MountainNC28604

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

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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Paxton Place
1 to 2 Bedroom Apartments

Paxton Place

407 S Roan StJohnson City, TN 37601
  • Utilities Included

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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Showing Results 1-36, 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 4 Beds unit found at Forrest Edge priced from $750. New River Farms has the second lowest priced unit, which is a 4 Beds apartment currently listed from $800. Here is today’s list of the most affordable Banner Elk apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Forrest EdgeForrest Edge Townhomes! - Roommate Matching Bed...4BR,4BA$750
New River FarmsNew River Farms - Roommate Matching Bedroom in ...4BR,2BA$800
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
197 Old US Highway 321Standard Studio EfficiencyStudio,1BA$825
Sterling Hills ApartmentsGarden_First Floor1BR,1BA$895
Presswood Court1 Bedroom1BR,1BA$895
Axis on Roan1 Bed x 1 Bath1BR,1BA$899
Boone Student LivingGC-D14BR,4BA$925
Charleston Square Townhomes1x11BR,1BA$995
River View Townhomes2 Bedroom Townhome2BR,1BA$999

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

As of March 20, 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 C1 Lodge Model at Highpointe starting at $1,095 with a $0.81 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
HighpointeC1 Lodge3BR,3BA$0.81
Student Quarters Johnson City | Student Housing4x4 Super Deluxe4BR,4BA$0.56
Mountaineer Village3x3 Premium3BR,3BA$0.85
Boone Student LivingCV-C23BR,3BA$0.81
River View Townhomes2 Bedroom Townhome2BR,1.5BA$0.98
New River FarmsNew River Farms - Roommate Matching Bedroom in ...4BR,2BA$0.84
The Harbor2BR2BR,2BA$0.97
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1.09
Presswood Court1 Bedroom1BR,1BA$1.05

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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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 $825.

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 $999 at River View Townhomes.

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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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.