Elon, NC Rental Market Trends
The average rent for an apartment in Elon is $1,435, a 1% increase compared to the previous year, when the average rent was $1,421.
Average Rent in Elon, NC
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,435||1%||1,100 sq. ft.|
The average size for a Elon, NC apartment is 1,100 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Elon, NC Occupied Housing Units
- Renter-occupied Households47%
- Owner-occupied Households52%
1,568 or 47% of the households in Elon, NC are renter-occupied while 1,754 or 52% are owner-occupied.
Elon, NC Rent Trends
|Mar / 2017||Jul / 2017||Nov / 2017||Mar / 2018||Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Feb / 2020|
How Elon Compares to Other Cities
|Average Rent||Y-o-Y Change|
|Winston - Salem||$895||7%|
For more information about the Elon rental trends, check out our monthly rent report
Curious about listings in your area? Check out our apartments near you for more details!