
Cheap Homes for Rent in Elon, NC from $500 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Elon.


309 Somers Ave

317 Caswell St, Unit 20

1128 Ava 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.

3107 Lucas St

1322 Elm St

1331 Elm St

929 E Haggard Ave
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.

101 Campus Walk Trl
Elon, NC Local Guide

How much does it cost to rent a home in Elon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elon 2 Bedroom Homes for Rent | $1,494 | $1,200 | $1,750 |
| Elon 3 Bedroom Homes for Rent | $1,819 | $1,395 | $2,395 |
| Elon 4 Bedroom Homes for Rent | $2,560 | $2,235 | $2,695 |
| Elon 5 Bedroom Homes for Rent | $2,473 | $2,299 | $2,630 |
Browse Top Homes for Rent in Elon
Explore 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Evellien & Provence: Townhomes + Apartments Student Housing | Provence Apartments | 4BR,2BA | $685 |
| Ethan Pointe Apartments | A - Aspen | 1BR,1BA | $1,038 |
| Retreat at the Park | IRIS | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spire at Darrowby Ridge | D1 | 4BR,3.5BA | $1.11 |
| Catherine Place Townhomes | Townhome D | 2BR,2.5BA | $1.28 |
| Emerson Point | 2 Bed x 2 Bath | 2BR,2BA | $1.33 |
| Grand Oaks Apartments | 2 Bedroom 2 Bath Luxury Apartment Home | 2BR,2BA | $1.44 |
| Alamance Reserve | The Mackintosh | 2BR,2BA | $1.24 |
| Windsor Upon Stonecrest | The Kensington | 2BR,2BA | $1.38 |
| Woodland Heights of Burlington | One Bedroom | 1BR,1BA | $1.15 |
| Residences at Forestdale | 2 Bedroom 2 Bath | 2BR,2BA | $1.43 |
| Huffman Mill Townhomes | 1B Classic | 1BR,1BA | $1.34 |
| Ethan Pointe Apartments | A - Aspen | 1BR,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.
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 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

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.

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.

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.

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.