Banner Elk, NC rental market
What is the average rent in Banner Elk, NC?
Last updated June 27, 2026
Rental market summary
The average rent for all bedrooms and all property types in Banner Elk, NC is $2,450.
Average rent
$2,450
Month-over-month change
+$150
Year-over-year change
-$275
Available rentals
11
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,450 to $4,500.
| Rent price | Number of rental properties |
|---|---|
| $1,400 | 1 |
| $1,500 | 1 |
| $1,600 | 1 |
| $1,800 | 1 |
| $1,900 | 1 |
| $2,200 | 2 |
| $2,300 | 1 |
| $2,400 | 2 |
| $2,500 | 1 |
| $2,800 | 1 |
| $3,000 | 1 |
| $3,100 | 2 |
| $3,200 | 1 |
| $4,400 | 1 |
| $4,500+ | 1 |
Average rent price over time
In the last year, rent has decreased by $275 compared to the previous year.
| Last year (2025) | This year (2026) | |
|---|---|---|
| Jan | $2,600 | $2,150 |
| Feb | $1,850 | $1,960 |
| Mar | $2,150 | $1,960 |
| Apr | $2,390 | $2,370 |
| May | $3,000 | $2,370 |
| Jun | $2,495 | $2,300 |
| Jul | $2,390 | No data |
| Aug | $2,050 | No data |
| Sep | $2,150 | No data |
| Oct | $2,150 | No data |
| Nov | $2,670 | No data |
| Dec | $900 | No data |
Market temperature
The Banner Elk, NC rental market temperature is WARM. Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare average rent in markets
Rent in Banner Elk, NC is 21% higher than the national average.
$2,450
$2,020
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Frequently asked questions
1. What is the average rent in Banner Elk, NC?
2. What is the average rent for a one-bedroom apartment in Banner Elk, NC?
3. What is the average rent for a two-bedroom apartment in Banner Elk, NC?
4. What is the average rent for a three-bedroom apartment in Banner Elk, NC?
5. What is the average rent for a four-bedroom apartment in Banner Elk, NC?
6. How much does it cost to rent a house in Banner Elk, NC?
7. How has the rent in Banner Elk, NC changed in the last year?
8. How much has the rent in Banner Elk, NC increased/decreased in the last month?
9. How many available rentals are there in Banner Elk, NC?
10. How do rent prices in Banner Elk, NC compare with the national average?
Zip codes in Banner Elk, NC
