Use wooden paneling or refinish existing wooden paneling in your basement. If you are installing wood paneling yourself, apply a waterproofing product to the stone walls before putting up the paneling since masonry walls can sometimes collect moisture.
Apply a dark wood color to concrete floors if desired, or install linoleum flooring that features a wood finish design. Add faux bearskin rugs or other faux animal skin rugs to emphasize your rustic look.
Use natural wood or stained wood furniture. Choose a natural wood coffee table, wooden side tables, chairs, a couch with a log frame, rocking chairs and other rustic wooden furniture pieces.
Hang wall decor in wooden frames as well as wooden-framed mirrors. Mount objects to the wall as rustic wall decor, such as old rustic tools, barn stars, wood carvings, wooden clocks and cast iron decor pieces.
Affix gingham-patterned curtains on basement windows. Use deer antler chandeliers or floor and table lamps made with natural wood. Cream and tan-colored candles can also be used for lighting.