Bedroom count

Property type

Last updated on November 19, 2025

Average rent in
Banner Elk, NC

Last updated on November 19, 2025

Last updated on November 19, 2025

Bedroom count

Property type

As of November 2025, the median rent for all bedroom counts and property types in Banner Elk, NC is $2,400. This is +25%, or $480, higher than the national average.

$4.46

average price per square foot

Median rent

$2,400

increased by103%
over the previous yearvs previous year

Total rentals

16

for rent on Zumper.com

As of November 2025, the median rent for all bedroom counts and property types in Banner Elk, NC is $2,400. This is +25%, or $480, higher than the national average.

$4.46

average price per square foot

Rent ranges

22%
50%
11%
11%
6%
$0-$1,500$0 - $1,500
$1,501-$3,000$1,501 - $3,000
$3,001-$4,500$3,001 - $4,500
$4,501-$6,000$4,501 - $6,000
$6,001-$50,000$6,001 - $50,000

Households

64%
36%
Owner-occupied
Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent price trends in
Banner Elk, NC

Rent price trends

Rent prices for all bedroom counts and property types in Banner Elk, NC have decreased by 58% in the last month and have increased by 103% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Banner Elk, NC

The monthly rent for an apartment in Banner Elk, NC is $1,000. A 1-bedroom apartment in Banner Elk, NC costs about $1,325 on average, while a 2-bedroom apartment is $1,180. Houses for rent in Banner Elk, NC are more expensive, with an average monthly cost of $2,200.

Comparables

1 bedroom

$1,325

No Change

10%

2 bedroom

$2,200

23%

-

3 bedroom

$2,600

20%

33%

4 bedroom

$1,452

71%

-

Studio

$6,000

No Change

511%

Studio

Average rent

$6,000

Last year

511%

1 bedroom

Average rent

$1,325

Last year

10%

2 bedroom

Average rent

$2,200

Last 30 days

23%

3 bedroom

Average rent

$2,600

Last 30 days

20%

Last year

33%

4 bedroom

Average rent

$1,452

Last 30 days

71%

The table above reflects average rent prices in Banner Elk, NC, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Banner Elk, NC to other cities

Median rent prices in Banner Elk, NC for all bedroom counts and property types compared to Abingdon, VA.

Banner Elk

Median rent price$2,400
increased by25%

higher than the national median

Median rent price$1,250
decreased by35%

lower than the national median

Takeaway

The median rent for all rentals in Banner Elk, NC is 92% higher than the median rent in Abingdon, VA.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Average rent in
Nearby cities

Explore rent trends in other markets

Abingdon

$1,250

increased by518%

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increased by379%

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$1,950

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$1,950

increased by15%

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$1,050

increased by15%

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Jefferson

$1,550

increased by11%

Last year

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$1,000

N/A

Last year

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$1,195

decreased by89%

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$2,300

decreased by20%

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$1,195

decreased by30%

Last year

West Jefferson

$1,630

increased by19%

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Wilkesboro

$2,410

increased by35%

Last year

Apartments for rent in Abingdon

Discover rentals in Banner Elk, NC

116 Mogul Rd #NA - Photo 1 of 1

5d+ ago

House for rent in Banner Elk

4 beds

2 baths

$2,400

House for rent

Available Nov 15