Rentometer, Inc. | Data as of 12/04/2025
Elon, North Carolina, offers a vibrant rental market that blends the energy of a college town with the comforts of suburban living. Prospective tenants will find a mix of modern apartments and spacious single‑family homes, each catering to different lifestyle needs. Two‑bedroom apartments dominate the multifamily segment, with typical rents settling in the $1400 range, making them an attractive option for students, young professionals, and small families seeking convenient, low‑maintenance living close to campus and downtown amenities.
For those who prefer more space and privacy, three‑bedroom houses are plentiful throughout Elon’s residential neighborhoods. These homes usually command rents around the $2200 range, with many properties offering median rates near $1900. The larger floor plans often include private yards, garages, and updates that appeal to families and professionals looking for a longer‑term residence. Both housing types benefit from Elon’s walkable streets, well‑maintained parks, and easy access to major roadways.
The city’s appeal is further enhanced by its proximity to Elon University, a lively downtown district filled with boutique shops, diverse dining options, and cultural venues. Outdoor enthusiasts enjoy nearby green spaces such as the Elon Town Green and the expansive Southern Pines Trail system. With a balanced mix of affordable apartments and upscale houses, Elon’s rental market provides flexible choices that align with a range of budgets and preferences, positioning the city as a desirable destination for renters across the Triangle region.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 2 Bedroom | $1,366 | $1,400 | $1,200 - $1,500 | $1,200 - $1,500 |
| House | 3 Bedroom | $2,130 | $1,800 | $1,550 - $3,500 | $1,700 - $3,000 |
In the current period, the average rent in Elon was $848 for 1 Bedroom, $1,367 for 2 Bedroom, $2,227 for 3 Bedroom, and $775 for 4+ Bedroom.
Data provided by Rentometer, Inc.