Cheap Apartments for Rent near Banner Elk, NC from $600 (47 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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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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200-206 S Boone St
1 Bedroom Apartments

200-206 S Boone St

200-206 S Boone StJohnson City, TN 37604
  • Utilities Included

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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Stadium View Apartments
1 to 2 Bedroom Apartments

Stadium View Apartments

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

Paxton Place

407 S Roan StJohnson City, TN 37601
  • Utilities Included
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The Magellan
1 Bedroom Apartments

The Magellan

954 Hunting Hills LnBoone, NC 28607
Furnished
  • Smoke Free

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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Showing Results 1-47, 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. Watauga Square in the Downtown Johnson City neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $817. 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
Watauga Square1 Bedroom 1 Bathroom1BR,1BA$817
Green Mountain Apartments2 Bed/ 1 Bath2BR,1BA$835
Forrest Edge TownhomesForrest Edge Townhomes! - Roommate Matching Bed...4BR,4BA$840
Presswood Court1 Bedroom1BR,1BA$895
Axis on Roan1 Bed x 1 Bath1BR,1BA$899
Sterling Hills ApartmentsGarden1BR,1BA$950
The Henry on Main1 Bedroom, 1 Bath1BR,1BA$999
101 Park Place AveOne Bed1BR,1BA$1,000
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1,000

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

As of August 07, 2026 the best value apartment in the Banner Elk area is the $0.47 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 4x4 Super Deluxe Model at Student Quarters Johnson City | Student Housing starting at $750 with a $0.57 price per square foot in the Downtown Johnson City neighborhood. 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$0.47
Student Quarters Johnson City | Student Housing4x4 Super Deluxe4BR,4BA$0.57
Turtle Creek West Apartments3bed/3bath with Den3BR,3BA$0.71
Plaza View Luxury Condominiums2 Bed, 1.5 Bath Model2BR,1.5BA$1.18
Positive Way ApartmentsPositive Way3BR,2BA$0.70
Beaver Hollow Apartments2 Bedroom S602BR,1BA$1.09
180 Hidden Shadows Dr2 Bed/ 1 Bath2BR,1BA$0.78
The Henry on Main1 Bedroom, 1 Bath1BR,1BA$1.17
Presswood Court1 Bedroom1BR,1BA$1.05
The Finmore at 241B12BR,2BA$1.12

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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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 $835 at Green Mountain 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 Charleston Square Townhomes and starts from $1,295.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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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.