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Rental Market Trends in Boone, NC

What is the average rent in Boone, NC?

$1,288/month

Average Rent

666 Sq Ft

Average Apartment Size

+1.3%

Increase in the Last Year

As of April 2026, the average rent in Boone, NC is $1,288 per month. This is 22% lower than the national average rent of $1,641/month, making renting in Boone more affordable than most cities in the US. When you rent an apartment in Boone, you can expect to pay about $1,039 per month for a studio, $1,288 for a one-bedroom apartment, and around $1,631 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,654 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,039/month
376 Sq Ft
One Bedroom
$1,288/month
666 Sq Ft
Two Bedroom
$1,631/month
772 Sq Ft
Three Bedroom
$2,654/month
1,179 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Boone, NC?

In the past year, rent has increased by 1.3%, which averages out to $17 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Boone, NC
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Boone, NC
Percentage*
Rent Range
6% Below $700/month
24% $700 - $1,000/month
35% $1,001 - $1,500/month
18% $1,501 - $2,000/month
18% Above $2,000/month

What salary do I need to live comfortably in Boone, NC?

Because the average rent in Boone is $1,288, you’ll want to make about $4,293 per month or $51,516 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Boone, NC

213 Available Apartments for Rent

Search for Nearby Apartments

How does Boone, NC compare to other nearby cities and neighborhoods?

Use the tool below to compare Boone, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Boone, NC

Apartment Averages

Apartment communities in Boone we think you'll love

Mountaineer Village

Mountaineer Village

517 Yosef Dr,
Boone, NC 28607

$960 - $1,035

3 Beds

The Village of Meadowview

The Village of Meadowview

304 Madison Ave,
Boone, NC 28607

$875 - $1,039

2-3 Beds

Hampton Estates Townhomes

Hampton Estates Townhomes

225 Stratford Ln,
Boone, NC 28607

$2,900

3 Beds

Briarcliff Condominiums

Briarcliff Condominiums

290 N Hampton RD,
Boone, NC 28607

$2,505

3 Beds

Property Management Companies in Boone, NC

Coastal Ridge Real Estate
Coastal Ridge Real Estate
  • 99

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  • 23,303

    Units

  • 54

    Cities

2 Communities in Boone
B.HOM Student Living, LLC
B.HOM Student Living, LLC
  • 32

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  • 7,467

    Units

  • 24

    Cities

2 Communities in Boone
Burkely Communities
Burkely Communities
  • 11

    Communities

  • 1,146

    Units

  • 8

    Cities

2 Communities in Boone
PeakMade Real Estate
PeakMade Real Estate
  • 72

    Communities

  • 13,780

    Units

  • 54

    Cities

1 Community in Boone

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United States North Carolina Boone Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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© 2026 CoStar Group, Inc.

Equal Housing Opportunity