Cheap Homes for Rent in Elon, NC from $600 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in Elon.

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. Residences at Forestdale in the North Burlington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. 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
Residences at Forestdale1 Bedroom 1 Bath Classic1BR,1BA$849
Huffman Mill Townhomes1A Classic1BR,1BA$983

Best Value Apartments for Rent in Elon, NC

As of May 25, 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 $1,879 with a $1.31 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Spire at Darrowby RidgeD14BR,3.5BA$1.21
Rosemary GlenMaywood3BR,2.5BA$1.31
Ethan Pointe ApartmentsB3 - Mission2BR,2BA$1.12
Windsor Upon StonecrestThe Oxford2BR,2BA$1.30
198 Milltown ApartmentsThe Boro2BR,2BA$1.35
Woodland Heights of BurlingtonOne Bedroom1BR,1BA$1.15
Summerlyn Place1 Bedroom, 1 Bathroom2BR,1BA$1.32
Cypress Pointe2 Bed x 2 Bath2BR,2BA$1.28
Alamance ReserveThe Highland1BR,1BA$1.40
Huffman Mill Townhomes1B Classic1BR,1BA$1.34

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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Frequently Asked Questions about Elon

What type of rentals are currently available in Elon?

There are currently 65 Apartments for Rent in Elon, NC with pricing that ranges from $575 to $2,720. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elon ranging from $630 to $3,570.

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 $630 to $3,570 with an average monthly rent of $1,829.

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 $1,450 to $3,570. Four Bedroom Single-Family rentals are also available starting from $630 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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

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.

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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.