Rentometer, Inc. | Data as of 10/22/2025
Boone, North Carolina, nestled in the heart of the Blue Ridge Mountains, offers a vibrant rental market that blends student energy with a relaxed mountain lifestyle. The city’s downtown district, with its eclectic shops, restaurants, and the iconic Boone Mall, attracts young professionals and families alike. Proximity to Appalachian State University creates strong demand for apartments, especially studios and one‑bedroom units, which typically rent in the $1600s and $1800 range, respectively. For those seeking a bit more space, two‑bedroom apartments are commonly found in the $1200 range, while larger three‑ and four‑plus‑bedroom layouts often rent in the $900 range, reflecting the affordability of multi‑room options in this mountain community.
Homebuyers and renters who prefer the privacy of a house can choose from a variety of family‑friendly options. Two‑bedroom houses generally command rents in the $2300 range, while three‑bedroom homes are commonly listed in the $2700 range. Larger homes with four or more bedrooms tend to rent in the $3200 range, offering ample space for growing families or those who work remotely and value a home office. These prices illustrate the balanced cost of living that Boone provides, making it attractive for both students and long‑term residents.
Beyond housing, Boone boasts easy access to outdoor recreation, including the Blue Ridge Parkway, Grandfather Mountain, and numerous hiking and ski trails. The blend of cultural amenities, educational institutions, and natural beauty creates a dynamic environment that supports a stable and diverse rental market, appealing to a wide spectrum of renters looking for quality mountain living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,658 | $1,638 | $1,535 - $1,803 | $1,535 - $1,803 |
| Apartment | 1 Bedroom | $1,865 | $1,844 | $1,809 - $1,947 | $1,819 - $1,906 |
| Apartment | 2 Bedroom | $1,179 | $1,164 | $780 - $1,750 | $935 - $1,339 |
| Apartment | 3 Bedroom | $927 | $905 | $869 - $1,029 | $885 - $950 |
| Apartment | 4+ Bedroom | $925 | $857 | $800 - $1,129 | $800 - $1,109 |
| House | 2 Bedroom | $2,329 | $2,300 | $1,800 - $2,995 | $1,810 - $2,800 |
| House | 3 Bedroom | $2,742 | $2,800 | $2,210 - $3,200 | $2,400 - $3,040 |
| House | 4+ Bedroom | $3,288 | $2,750 | $2,410 - $5,580 | $2,500 - $3,200 |
In the current period, the average rent in Boone was $1,659 for Studio, $1,839 for 1 Bedroom, $1,653 for 2 Bedroom, $2,288 for 3 Bedroom, and $1,999 for 4+ Bedroom.
Data provided by Rentometer, Inc.