Banner Elk, NC rental market
Last updated October 2, 2025
Rental market summary
The average rent for all bedrooms and all property types in Banner Elk, NC is $2,850.
$2,850
+$700
+$50
9
Source: Zillow Rentals data
Rental price range
The price range for all bedrooms and all property types is $725 to $9,676.
| Rent price | Number of rental properties |
|---|---|
| $700 | 1 |
| $1,700 | 1 |
| $2,100 | 1 |
| $2,600 | 1 |
| $2,700 | 1 |
| $2,800 | 1 |
| $4,300 | 1 |
| $4,400 | 1 |
| $4,500 | 1 |
| $5,000+ | 2 |
Average rent price over time
In the last year, rent has increased by $50 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 | $2,150 |
| Oct | $2,800 | $2,150 |
| Nov | $2,400 | No data |
| Dec | $2,500 | 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 40% higher than the national average.
$2,850
$2,040
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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 $2,850.
2. How much does it cost to rent a house in Banner Elk, NC?
Houses in Banner Elk, NC rent between $725 - $9,676 with an average rent of $2,850.
3. How has the rent in Banner Elk, NC changed in the last year?
In the last year, the rent in Banner Elk, NC increased by $50
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 increased by $700
5. How many available rentals are there in Banner Elk, NC?
There are currently 9 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 $2,850 — 39.71% higher the national average of $2,040.