Rent in Elon, NC
A 2-bedroom in Elon, NC (ZIP 27244) typically rents for about $1,230 a month, with a range of $1,230–$1,348. Owner-occupied homes in Alamance County pay about 0.62% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $980 | $980–$1,076 | 1 |
| 1 bed | $1,120 | $1,120–$1,238 | 1 |
| 2 beds | $1,230 | $1,230–$1,348 | 1 |
| 3 beds | $1,346 | $1,172–$1,520 | 1 |
| 4 beds | $1,910 | $1,910–$2,088 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Elon ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Elon, NC?
- About $1,230 a month: the median of the typical rents in 1 ZIP code, which range from $1,230–$1,348. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Elon, NC?
- About $1,120 a month: the median of the typical rents in 1 ZIP code, which range from $1,120–$1,238. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Elon, NC?
- About $1,346 a month: the median of the typical rents in 1 ZIP code, which range from $1,172–$1,520. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Elon, NC?
- About $980 a month: the median of the typical rents in 1 ZIP code, which range from $980–$1,076. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Elon, NC?
- About $1,910 a month: the median of the typical rents in 1 ZIP code, which range from $1,910–$2,088. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Elon, NC?
- Owner-occupied homes in Alamance County pay a typical 0.62% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Elon rent figures come from?
- HUD Small Area Fair Market Rents (Oct 1, 2026), Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).