72 Faulkner Rd
72 Faulkner Rd,
Elkins, WV 26241
$5,355
2 Beds
Rental Market Trends in Elkins, WV
What is the average rent in Elkins, WV?
$420/month
Average Rent
693 Sq Ft
Average Apartment Size
+0.9%
Increase in the Last Year
As of April 2026, the average rent in Elkins, WV is $420 per month. This is 74% lower than the national average rent of $1,627/month, making renting in Elkins more affordable than most cities in the US. When you rent an apartment in Elkins, you can expect to pay about $449 per month for a studio, $420 for a one-bedroom apartment, and around $419 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $554 or more.
Floor Plan Type
Average Rent
Average 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 Elkins, WV?
In the past year, rent has increased by 0.9%, which averages out to $4 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
Rent Ranges in Elkins, WV
Last Updated April 2026
Below $701
Most rental prices fall within this range
Percentage*
Rent Range
100%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
0%
Above $2,000/month
What salary do I need to live comfortably in Elkins, WV?
Because the average rent in Elkins is $420, you’ll want to make about $1,400 per month or $16,800 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.
Apartment communities in Elkins we think you'll love
Learn More with Helpful Articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
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.
* Percentages may not total 100 due to rounding.