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Rent Prices in Elon, NC
Median gross rent (rent plus utilities) by number of bedrooms. American Community Survey 2020-2024 5-year estimates.
- Median rent
- $2,080/mo
- North Carolina $1,228/mo
- 2-bedroom median rent
- $2,205/mo
- North Carolina $1,164/mo
- Renters paying 30%+ of income
- 74.8%
- North Carolina 48.9%
- Renter households
- 734
- North Carolina 1,428,852
Median rent by number of bedrooms
Gross rent: contract rent plus utilities
| Bedrooms | Median rent |
|---|---|
| Studio (no bedroom) | Not reported |
| 1 bedroom | Not reported |
| 2 bedrooms | $2,205/mo |
| 3 bedrooms | $3,004/mo |
| 4 bedrooms | $2,410/mo |
| 5 or more bedrooms | $1,125/mo |
Rent as a share of income
Renter households where the share could be computed
- Pay 30% or more of income51074.8%
- Pay 50% or more of income36954.1%
The median renter household spends 50.0% or more of its income on rent.
HUD Fair Market Rent, fiscal year 2027
Burlington, NC MSA
2 bedrooms: $1,348/mo. HUD Fair Market Rent is used for housing assistance and is not an asking rent.
How it compares
Swipe the table sideways to see more columns.
| Area | Median rent | 1 bedroom | 2 bedrooms | 3 bedrooms | Renters paying 30%+ of income |
|---|---|---|---|---|---|
| Elon, NC | $2,080/mo | Not reported | $2,205/mo | $3,004/mo | 74.8% |
| Alamance County | $1,064/mo | $1,003/mo | $1,023/mo | $1,134/mo | 46.7% |
| North Carolina | $1,228/mo | $1,155/mo | $1,164/mo | $1,321/mo | 48.9% |
| United States | $1,413/mo | $1,235/mo | $1,407/mo | $1,584/mo | 51.1% |
Frequently asked questions
- What is the median rent in Elon, NC?
- The median gross rent in Elon, NC is $2,080 a month, and a typical 2-bedroom rents for $2,205/mo.
- How does Elon compare with North Carolina?
- The median rent in Elon is $2,080/mo, compared with $1,228/mo for North Carolina as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates