Carbon (C) losses due to the conversion of natural forests adversely affect the biotic and abiotic components of terrestrial ecosystems. In tropical China, rubber cultivation often extends from its traditional range to elevations of up to 1400 m. However, C stock in rubber plantations along elevation gradients is poorly understood. In this study, we investigated biomass and C stock along elevation gradients in two age groups (8- and 12-year-old) of rubber monoculture plantations in Xishuangbanna, Southwest China. The C distribution across various tree sections, ranging from aboveground biomass (AGB) to belowground biomass (BGB), including litter, big dead branches, and different soil depths were measured. A significant negative correlation was observed between AGB, BGB, litter, and total ecosystem C stocks and elevation gradients in both age groups. However, no correlation was observed between the total soil C stock and elevation gradients in 8-year-old rubber plantations, while significant decline was detected in 12-year-old rubber plantations. The highest ecosystem C stock of 197.90 Mg C ha−1 was recorded at 900 m in 8-year-old plantations; whereas, in 12-year-old rubber plantations, the highest value of 183.12 Mg C ha−1 was found at 700 m. The total ecosystem C stock decreased to their lowest level at 1000 m in both the 8-year-old and 12-year-old plantations, ranging between 113.05 Mg C ha−1 and 125.75 Mg C ha−1, respectively. Moreover, total ecosystem C stock significantly decreased from 51.55% to 8.05% and from 42.96% to 11.46% between 700 m and 1100 m, in both 8-year-old and 12-year-old plantations, respectively. Regardless of elevation gradients, the total ecosystem C stock of 12-year-old rubber plantations was 1.98% greater than that of 8-year-old rubber plantations. Biomass was the second largest contributor, while soil accounted for 82% to 90%, and the other components contributed less than 2% of the total ecosystem C stock in both age groups. These fluctuations in C stock along elevation gradients in both 8- and 12-year-old plantations suggested that rubber growth, biomass, and C stock capacity decreased above 900 m, and that age and elevation are key factors for biomass and C stock in rubber monoculture plantations.