Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Elon & Beyond
Elon shares many of the great qualities that make North Carolina a desirable place to live.
North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.
There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.
With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.
Rental Market Trends
Elon, NC
As of June 2026, Elon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elon's average rent is 35.2% ($523) lower than the North Carolina average of $1,485 and 46.5% ($835) lower than the U.S. average of $1,797.
Average Rent
$962
Monthly ChangeMonth Over Month Change
6.3% ($57)
Yearly ChangeYear Over Year Change
18.9% ($153)
Avg. Days on MarketAverage Days on Market
32
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $650 | No change | 0.2% ($1) |
| 2 Beds | $1,235 | 63.8% ($481) | 60.8% ($467) |
| 3 Beds | $1,692 | 72.1% ($709) | 72.3% ($710) |
| Nearby Cities | Average Rent | Avg. Rent vs. ElonAverage Rent vs. Elon | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Gibsonville | $1,058 | 10% ($96) | 29 days |
| Burlington | $1,331 | 38.4% ($369) | 23 days |
| Mebane | $1,524 | 58.4% ($562) | 32 days |
| Whitsett | $1,783 | 85.3% ($821) | 30 days |
| Reidsville | $1,258 | 30.8% ($296) | 37 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Elon Rental Market FAQs
Explore rental prices, market trends, and availability in Elon, NC.
The average rent in Elon, NC is $962 per month.
Homes in Elon typically rent for between $600 and $2,200 per month, with an average of $962 per month.
In Elon, the average rent for a 1-bedroom home is $650 per month, for a 2-bedroom home, $1,235 per month, and a 3-bedroom home is $1,692 per month.
The average rent in Elon is 46.5% ($835) lower than the national average of $1,797 per month.
The average rent in Elon has increased by 6.3% ($57) in the last month and increased by 18.9% ($153) over the past year.
The rental market in Elon, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Elon, NC, the average rental stays on the market for approximately 32 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 18 rental properties available in Elon, NC.
Based on the current averages, a household would need an annual income of $49,400 to comfortably afford a 2-bedroom home in Elon.
