Banner Elk, NC rental market
Last updated August 11, 2025
Rental market summary
The average rent for all bedrooms and all property types in Banner Elk, NC is $1,995.
$1,995
-$5
-$155
13
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $1,225 to $4,500.
| Rent price | Number of rental properties |
|---|---|
| $1,200 | 2 |
| $1,300 | 1 |
| $1,400 | 1 |
| $1,700 | 1 |
| $1,800 | 1 |
| $1,900 | 2 |
| $2,300 | 1 |
| $2,400 | 2 |
| $2,500 | 1 |
| $2,600 | 1 |
| $2,700 | 1 |
| $2,800 | 1 |
| $4,400 | 2 |
| $4,500+ | 2 |
Average rent price over time
In the last year, rent has decreased by $155 compared to the previous year.
| Last year (2024) | This year (2025) | |
|---|---|---|
| Jan | $2,200 | $2,600 |
| Feb | $1,495 | $1,850 |
| Mar | $1,825 | $2,150 |
| Apr | $2,000 | $2,390 |
| May | $2,440 | $3,000 |
| Jun | $2,400 | $2,495 |
| Jul | $2,800 | $2,390 |
| Aug | $2,800 | $2,050 |
| Sep | $2,000 | No data |
| Oct | $2,800 | No data |
| Nov | $2,400 | No data |
| Dec | $2,500 | No data |
Market temperature
The Banner Elk, NC rental market temperature is HOT. 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 5% lower than the national average.
$1,995
$2,100
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Frequently asked questions
1. What is the average rent in Banner Elk, NC?
The average rent in Banner Elk, NC is $1,995.
2. How much does it cost to rent a house in Banner Elk, NC?
Houses in Banner Elk, NC rent between $1,225 - $4,500 with an average rent of $1,995.
3. How has the rent in Banner Elk, NC changed in the last year?
In the last year, the rent in Banner Elk, NC decreased by $155
4. How much has the rent in Banner Elk, NC increased/decreased in the last month?
In the last month, the rent in Banner Elk, NC decreased by $5
5. How many available rentals are there in Banner Elk, NC?
There are currently 13 rentals available in Banner Elk, NC.
6. How do rent prices in Banner Elk, NC compare with the national average?
The average rent in Banner Elk, NC is $1,995 — 5% lower the national average of $2,100.