Bedroom count

Property type

Last updated on February 23, 2026

Average rent in
Banner Elk, NC

Last updated on February 23, 2026

Last updated on February 23, 2026

Bedroom count

Property type

As of February 2026, the median rent for all bedroom counts and property types in Banner Elk, NC is $1,500. This is -21%, or $400, lower than the national average.

$4.22

average price per square foot

Median rent

$1,500

decreased by17%
over the previous yearvs previous year

Total rentals

18

for rent on Zumper.com

As of February 2026, the median rent for all bedroom counts and property types in Banner Elk, NC is $1,500. This is -21%, or $400, lower than the national average.

$4.22

average price per square foot

Rent ranges

48%
38%
10%
5%
$751-$1,500$751 - $1,500
$1,501-$2,250$1,501 - $2,250
$2,251-$3,000$2,251 - $3,000
$3,001+$3,001+

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 2% in the last month and have decreased by 17% 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 $1,500. A 1-bedroom apartment in Banner Elk, NC costs about $1,392 on average, while a 2-bedroom apartment is $1,700. Houses for rent in Banner Elk, NC are more expensive, with an average monthly cost of $2,180.

Comparables

1 bedroom

$1,460

No Change

29%

2 bedroom

$1,530

13%

8%

3 bedroom

$2,650

5%

31%

4 bedroom

$2,160

71%

-

Studio

$1,352

No Change

210%

Studio

Average rent

$1,352

Last year

210%

1 bedroom

Average rent

$1,460

Last year

29%

2 bedroom

Average rent

$1,530

Last 30 days

13%

Last year

8%

3 bedroom

Average rent

$2,650

Last 30 days

5%

Last year

31%

4 bedroom

Average rent

$2,160

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$1,500
decreased by21%

lower than the national median

Median rent price$1,250
decreased by34%

lower than the national median

Takeaway

The median rent for all rentals in Banner Elk, NC is 20% 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 by1%

Last year

Bristol

$1,200

increased by41%

Last year

Burnsville

$1,395

decreased by28%

Last year

Catawba

$1,500

decreased by42%

Last year

Forest City

$1,225

increased by45%

Last year

Jefferson

$2,105

increased by161%

Last year

Mountain City

$1,100

increased by5%

Last year

North Wilkesboro

$1,097

decreased by18%

Last year

Sherrills Ford

$1,999

decreased by40%

Last year

Spruce Pine

$1,222

decreased by10%

Last year

West Jefferson

$1,600

decreased by12%

Last year

Wilkesboro

$1,417

increased by11%

Last year

Apartments for rent in Abingdon

Discover rentals in Banner Elk, NC

169 Brookview Ln, Unit 2bed - Photo 1 of 1

4d ago

8.8

Very good

169 Brookview Ln, Unit 2bed

169 Brookview Ln, Banner Elk, NC 28604

2 beds

1 bath

$1,500

House for rent

Available Mar 1