
Cheap Apartments for Rent in Elon, NC from $500 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in Elon.


100 Campus Walk Trl

Elon Place Apartments

301 W Haggard Ave

Emerson Point

Evellien & Provence: Townhomes + Apartments Student Housing

917 E Haggard Ave

3107 Lucas St
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.

Partners Place

929 E Haggard Ave

101 Campus Walk Trl

302 Campus Walk Trl

Auburn Trace Apartments

Residences at Forestdale

Huffman Mill Townhomes

Emerald Court
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.

Ethan Pointe Apartments

The Glenns at Elon

West Pointe

Wayfare at Garden Crossing

Cypress Pointe

Windsor Upon Stonecrest

Alamance Reserve

Total Monthly Price
Woodland Heights of Burlington
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.

Summerlyn Place

Retreat at the Park

198 Milltown Apartments

Hawthorne at St. Marks

Grand Oaks Apartments

The Chase

Ardmore Meadows

Total Monthly Price
Buckhill Village
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.

Catherine Place Townhomes

Peyton Place

1600 W Front St

Eden Place

Coat of Arms Apartments

1013 Attica St

Westbrook Apartments

515 Burlington Ave
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.

3015 Winston Dr

1331 Elm St

1322 Elm St

4042 S Church St
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 | $920 | $920 | $920 |
| Cheap Elon 1 Bedroom Apartments | $1,289 | $525 | $1,600 |
| Cheap Elon 2 Bedroom Apartments | $1,437 | $755 | $1,850 |
| Cheap Elon 3 Bedroom Apartments | $1,633 | $795 | $2,360 |
| Cheap Elon 4 Bedroom Apartments | $2,311 | $1,699 | $2,720 |
Browse Top Apartments in Elon
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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. Emerald Court in the Lindley Park Estates neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $999. 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 |
| Emerald Court | 2/1 Garden | 2BR,1BA | $999 |
| Huffman Mill Townhomes | 1B Classic | 1BR,1BA | $1,047 |
| Ethan Pointe Apartments | B - Colonial | 2BR,2BA | $1,051 |
| West Pointe | Two Bedroom, One Bath | 2BR,1BA | $1,136 |
| Wayfare at Garden Crossing | Pryor | 1BR,1BA | $1,140 |
| Woodland Heights of Burlington | One Bedroom | 1BR,1BA | $1,175 |
| Windsor Upon Stonecrest | The Cambridge | 1BR,1BA | $1,175 |
| Alamance Reserve | The Highland | 1BR,1BA | $1,175 |
| Summerlyn Place | 1 Bedroom, 1 Bathroom | 2BR,1BA | $1,179 |
Best Value Apartments for Rent in Elon, NC
As of June 15, 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 Maywood Model at Rosemary Glen starting at $1,899 with a $1.33 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 | Maywood | 3BR,2.5BA | $1.33 |
| Catherine Place Townhomes | Townhome D | 2BR,2.5BA | $1.28 |
| The Chase | 3x2 | 3BR,2BA | $1.36 |
| Woodland Heights of Burlington | One Bedroom | 1BR,1BA | $1.15 |
| Hawthorne at St. Marks | The Sapphire | 2BR,2BA | $1.45 |
| Summerlyn Place | 1 Bedroom, 1 Bathroom | 2BR,1BA | $1.30 |
| Residences at Forestdale | 2 Bedroom 2 Bath | 2BR,2BA | $1.37 |
| Alamance Reserve | The Highland | 1BR,1BA | $1.40 |
| Emerald Court | 2/1 Garden | 2BR,1BA | $1.45 |
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.
Read ArticleReal 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.
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 $1,047 at Huffman Mill Townhomes.
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 Huffman Mill Townhomes and starts from $1,249.
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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Hello again, everyone. I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Greensboro, North Carolina.

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.

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.

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.