Cheap Homes for Rent in Elon, NC from $500 (9 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.

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.

Elon, NC Local Guide

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. Ethan Pointe Apartments in the Burlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,038. Here is today’s list of the most affordable Elon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Evellien & Provence: Townhomes + Apartments Student HousingProvence Apartments4BR,2BA$685
Ethan Pointe ApartmentsA - Aspen1BR,1BA$1,038
Retreat at the ParkIRIS1BR,1BA$1,142

Best Value Apartments for Rent in Elon, NC

As of July 09, 2026 the best value apartment in the Elon area is the $1.11 price per square foot D1 Model at Spire at Darrowby Ridge in the in the Lindley Park Estates neighborhood starting from $2,495. The second greatest value Elon apartment is the Townhome D Model at Catherine Place Townhomes starting at $1,595 with a $1.28 price per square foot in the Burlington neighborhood. Here is today’s list of the best values for Elon apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Spire at Darrowby RidgeD14BR,3.5BA$1.11
Catherine Place TownhomesTownhome D2BR,2.5BA$1.28
Emerson Point2 Bed x 2 Bath2BR,2BA$1.33
Grand Oaks Apartments2 Bedroom 2 Bath Luxury Apartment Home2BR,2BA$1.44
Alamance ReserveThe Mackintosh2BR,2BA$1.24
Windsor Upon StonecrestThe Kensington2BR,2BA$1.38
Woodland Heights of BurlingtonOne Bedroom1BR,1BA$1.15
Residences at Forestdale2 Bedroom 2 Bath2BR,2BA$1.43
Huffman Mill Townhomes1B Classic1BR,1BA$1.34
Ethan Pointe ApartmentsA - Aspen1BR,1BA$1.36

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

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Elon

What type of rentals are currently available in Elon?

There are currently 60 Apartments for Rent in Elon, NC with pricing that ranges from $525 to $2,495. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elon ranging from $525 to $2,695.

What is the current price range for Rental Homes in Elon?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Elon ranges from $525 to $2,695 with an average monthly rent of $1,816.

How much are larger Three and Four Bedroom Rentals in Elon?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Elon range from $795 to $2,360, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $2,395. Four Bedroom Single-Family rentals are also available starting from $2,235 and Four Bedroom Apartments start at $630.

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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Where to Rent in Greensboro: Top Affordable Neighborhoods for Families and Singles

Written by: Catrina Cowart

Hello again, everyone. I'm Catrina, and I'm your ApartmentHomeLiving.com Local Expert for Greensboro, North Carolina.

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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.

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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.