
Cheap Apartments for Rent in Elon, NC from $500 (37 Rentals)
Search the lowest-cost Apartments available for rent right now in Elon.


Total Monthly Price
102 Campus Walk Trl, Unit APT 201, Unit APT 201

302 Campus Walk Trl, Unit 302 Campus Walk Unit 101, Unit 302 Campus Walk Unit 101

Elon Place Apartments

301 W Haggard Ave

Evellien & Provence: Townhomes + Apartments Student Housing

Auburn Trace Apartments

West Pointe

Huffman Mill Townhomes
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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.

Residences at Forestdale

713 E Joyner St

Emerald Court

Ethan Pointe Apartments

1108 Walnut St

Cypress Pointe

The Glenns at Elon

Wayfare at Garden Crossing

Alamance Reserve
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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.

Total Monthly Price
Woodland Heights of Burlington

Summerlyn Place

Total Monthly Price
111 E Main St, Unit APT A, Unit APT A

Windsor Upon Stonecrest

Hawthorne at St. Marks

Retreat at the Park

The Chase

Ardmore Meadows

198 Milltown Apartments
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.

Grand Oaks Apartments

Total Monthly Price
Buckhill Village

925 Fix St

1515 Pollard Ave

Coat of Arms Apartments

Eden Place

Westbrook Apartments

3489 Forestdale Dr

4046 S Church St
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2408 Ashton Park Ln
Elon, NC Local Guide

How much does it cost to rent an apartment in Elon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Elon Studio Apartments | $1,200 | $1,200 | $1,200 |
| Cheap Elon 1 Bedroom Apartments | $1,307 | $600 | $1,600 |
| Cheap Elon 2 Bedroom Apartments | $1,471 | $755 | $1,967 |
| Cheap Elon 3 Bedroom Apartments | $1,722 | $795 | $2,360 |
| Cheap Elon 4 Bedroom Apartments | $2,031 | $630 | $2,720 |
Browse Top Apartments in Elon
See all Apartments in ElonExplore Elon
Elon, NC Local Guide
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Cheapest Available Elon Apartments for Rent
 The cheapest available apartment rental in Elon, NC is a 4 Beds unit found at Evellien & Provence: Townhomes + Apartments Student Housing in the North Burlington neighborhood priced from $685. West Pointe in the North Burlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $983. Here is today’s list of the most affordable Elon apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evellien & Provence: Townhomes + Apartments Student Housing | Provence Apartments | 4BR,2BA | $685 |
| West Pointe | One Bedroom | 1BR,1BA | $983 |
| Emerald Court | 2/1 Garden | 2BR,1BA | $999 |
| Ethan Pointe Apartments | A2 - Broyhill | 1BR,1BA | $1,018 |
| Huffman Mill Townhomes | 1B Classic | 1BR,1BA | $1,047 |
| Cypress Pointe | 2 Bed x 2 Bath | 2BR,2BA | $1,095 |
| Wayfare at Garden Crossing | Pryor | 1BR,1BA | $1,165 |
| Woodland Heights of Burlington | One Bedroom | 1BR,1BA | $1,175 |
| Alamance Reserve | The Highland | 1BR,1BA | $1,175 |
| Summerlyn Place | 1 Bedroom, 1 Bathroom | 2BR,1BA | $1,199 |
Best Value Apartments for Rent in Elon, NC
As of April 29, 2026 the best value apartment in the Elon area is the $1.21 price per square foot D1 Model at Spire at Darrowby Ridge in the in the Lindley Park Estates neighborhood starting from $2,720. The second greatest value Elon apartment is the Newton Model at Rosemary Glen starting at $1,899 with a $1.34 price per square foot in the Lindley Park Estates neighborhood. Here is today’s list of the best values for Elon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spire at Darrowby Ridge | D1 | 4BR,3.5BA | $1.21 |
| Rosemary Glen | Newton | 3BR,2.5BA | $1.34 |
| Catherine Place Townhomes | Townhome D | 2BR,2.5BA | $1.28 |
| Woodland Heights of Burlington | One Bedroom | 1BR,1BA | $1.15 |
| Summerlyn Place | 1 Bedroom, 1 Bathroom | 2BR,1BA | $1.32 |
| Residences at Forestdale | 2 Bedroom 2 Bath | 2BR,2BA | $1.34 |
| Cypress Pointe | 2 Bed x 2 Bath | 2BR,2BA | $1.22 |
| Ethan Pointe Apartments | A2 - Broyhill | 1BR,1BA | $1.28 |
| Huffman Mill Townhomes | 1B Classic | 1BR,1BA | $1.34 |
| West Pointe | One Bedroom | 1BR,1BA | $1.31 |
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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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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.
Best Local Schools in Elon, NC
Western Alamance High
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elon, NC Rentals by Map
See the most popular apartments and homes in Elon, NC
Frequently Asked Questions about Cheap Elon Apartments
How much is rent for a Cheap One Bedroom Elon Apartment?
The lowest price for a Cheap One Bedroom Elon Apartment is $983 at West Pointe.
What is the lowest price for a Cheap Two Bedroom Elon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elon is starting from $999 at Emerald Court.
What is the most affordable Elon Three Bedroom Apartment?
The best deal on a cheap Elon Three Bedroom Apartment rental is at Woodland Heights of Burlington and starts from $1,375.
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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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.

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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