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 August 2025, Elon's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Elon's average rent is 4.8% ($75) higher than the North Carolina average of $1,573 and 7.9% ($142) lower than the U.S. average of $1,790.

Average Rent

$1,648

Monthly ChangeMonth Over Month Change

103.7% ($839)

Yearly ChangeYear Over Year Change

1.3% ($21)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,173	80.2% ($522)	5.6% ($70)
2 Beds	$1,398	82% ($630)	0.1% ($2)
3 Beds	$1,796	82.9% ($814)	0.6% ($11)

Nearby Cities	Average Rent	Avg. Rent vs. ElonAverage Rent vs. Elon	Avg. Days on MarketAverage Days on Market
Gibsonville	$1,053	36.1% ($595)	29 days
Burlington	$1,369	16.9% ($279)	23 days
Browns Summit	$1,485	9.9% ($163)	31 days
Mebane	$1,548	6.1% ($100)	32 days
Whitsett	$1,635	0.8% ($13)	30 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.

What is the average rent in Elon, NC?

The average rent in Elon, NC is $1,648 per month.

What is the rental price range for apartments in Elon, NC?

Apartments in Elon typically rent for between $821 and $2,335 per month, with an average of $1,648 per month.

What is the average rent for different bedroom sizes in Elon, NC?

In Elon, the average rent for a 1-bedroom apartment is $1,173 per month, for a 2-bedroom apartment, $1,398 per month, and a 3-bedroom apartment is $1,796 per month.

How do rent prices in Elon, NC compare with the national average?

The average rent in Elon is 7.9% ($142) lower than the national average of $1,790 per month.

How have rent prices in Elon, NC changed recently?

The average rent in Elon has increased by 103.7% ($839) in the last month and increased by 1.3% ($21) over the past year.

How competitive is the rental market in Elon, NC?

The rental market in Elon, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Elon, NC?

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.

How many rental properties are available in Elon, NC?

There are currently 12 rental properties available in Elon, NC.

Can I afford to rent an apartment in Elon, NC?

Based on the current averages, a household would need an annual income of $55,920 to comfortably afford a 2-bedroom apartment in Elon.