Elon College renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Elon College is about $984 per month. This puts it in the 78th percentile compared to the state average cost of rent, which is $1,066. Households in Elon College have a median income of $5,407 per month so the average renter in Elon College is spending roughly 18% of their earnings on housing.
Nationally, and in Elon College, home values are the data point most closely correlated with the cost of rent. The median price of a home in Elon College is $172,675 right now, which is lower than nearby cities, meaning that rents in Elon College also tend to be lower versus these nearby cities.
Higher rent prices are common in the southeastern parts of Elon College while lower rent rates are often available in northwestern areas.
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