Cheap Homes for Rent in Elon, NC from $500 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Done

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

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.

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 in the North Burlington neighborhood priced from $750. Huffman Mill Townhomes in the Lindley Park Estates neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here is today’s list of the most affordable Elon apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Evellien & Provence: Townhomes + ApartmentsProvence Apartments4BR,2BA$750
Huffman Mill Townhomes1 Bed | 1.5 Bath1BR,1BA$899
Residences at Forestdale1 Bedroom 1 Bath Classic1BR,1BA$899

Best Value Apartments for Rent in Elon, NC

As of June 16, 2025 the best value apartment in the Elon area is the $1.33 price per square foot The Maywood Model at Rosemary Glen in the in the Lindley Park Estates neighborhood starting from $1,894. The second greatest value Elon apartment is the Townhome B Model at Catherine Place Townhomes starting at $1,610 with a $1.29 price per square foot in the North 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.
Rosemary GlenThe Maywood3BR,2.5BA$1.33
Catherine Place TownhomesTownhome B2BR,2.5BA$1.29
Emerson Point2 Bed x 2 Bath2BR,2BA$1.26
Coat of Arms Apartments2 Bed/1.5 Bath2BR,1.5BA$0.95
The Retreat at the ParkLily2BR,2BA$1.32
Woodland Heights of BurlingtonOne Bedroom1BR,1BA$1.15
Hawthorne at St. MarksThe Sapphire2BR,2BA$1.30
569 Parkview Dr569 Parkview Dr2BR,1BA$1.21
Huffman Mill Townhomes1 Bed | 1.5 Bath1BR,1.5BA$1.15
Ethan Pointe ApartmentsA - Aspen1BR,1BA$1.25

Quick 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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Elon

What type of rentals are currently available in Elon?

There are currently 61 Apartments for Rent in Elon, NC with pricing that ranges from $685 to $7,603. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in Elon ranging from $550 to $2,895.

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 $550 to $2,895 with an average monthly rent of $1,722.

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 $7,091, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $2,500. Four Bedroom Single-Family rentals are also available starting from $1,400 and Four Bedroom Apartments start at $775.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.