Most Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Five Points, Jackson Park, and Hall Fletcher. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of February 4, 2025, the average rent in Asheville is $1,508, which is 0.2% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Five Points
Average Rent
$1,195/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
38/100
Units Available
3 Rentals
Five Points is a top choice for budget-conscious renters for a variety of reasons. The average rent in Five Points is $1,195 while the city average is $1,508. This is a 0.8% difference from last year. Residents enjoy convenient access to Biltmore, Colburn Earth Science Museum, and Botanical Gardens at Asheville. The neighborhood is considered walkable with a WalkScore® of 85.
Jackson Park
Average Rent
$1,200/Month
Year-Over-Year Rent Change
18.6%
TransitScore® Rating
28/100
Units Available
2 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Jackson Park. The average rent is $1,200, compared to the city average of $1,508. Rent prices have increased by 18.6%. Jackson Park is convenient to Merrimon Commons, Merrimon Square, and Asheville Regional. The community is walkable with a WalkScore® of 72.
Hall Fletcher
Average Rent
$1,230/Month
TransitScore® Rating
34/100
Units Available
2 Rentals
Hall Fletcher is an affordable neighborhood in Asheville with an average rent price of $1,230. Compare this to the city average of $1,508. Hall Fletcher provides easy access to Mars Hill University, Westgate Shopping Center, and Western Carolina University. It’s a walkable neighborhood with a WalkScore® of 73.
Biltmore Forest
Average Rent
$1,534/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
23/100
Units Available
6 Rentals
Biltmore Forest is an elegant, tree-lined neighborhood offering spacious homes and a peaceful environment. A key attraction is the nearby Biltmore Estate, a historic house museum and gardens. Renters will appreciate the proximity to the Biltmore Estate and access to top-rated schools and parks.
East Asheville
Average Rent
$1,549/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
33/100
Units Available
44 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, East Asheville might be the perfect place! It has an average rent price of $1,549, while the city’s average stands at $1,508. In the last year, prices have increased by 0.4%. East Asheville is near Mars Hill University, Parkway Visitor Center, and Ingles Shopping Center.
Haw Creek
Average Rent
$1,582/Month
Year-Over-Year Rent Change
6.9%
TransitScore® Rating
33/100
Units Available
6 Rentals
Haw Creek is a top choice for budget-conscious renters for a variety of reasons. The average rent in Haw Creek is $1,582 while the city average is $1,508. This is a -6.9% difference from last year. Residents enjoy convenient access to Botanical Gardens at Asheville, Western Carolina University, and Asheville-Buncombe Tech. C.C.. The neighborhood is considered car-dependent with a WalkScore® of 39.
Bent Creek
Average Rent
$1,620/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
8/100
Units Available
52 Rentals
Bent Creek, a nature lover’s paradise, offers easy access to Bent Creek Experimental Forest along with miles of hiking and biking trails. A notable attraction is the North Carolina Arboretum, a 434-acre public garden located within the Bent Creek Experimental Forest. Renters will enjoy the peaceful environment and proximity to outdoor recreational activities.
Biltmore Park
Average Rent
$1,625/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
20/100
Units Available
85 Rentals
Biltmore Park holds a master-planned community offering modern homes, shops, and dining, all within walking distance. A key attraction is the Biltmore Park Town Square, a shopping and entertainment complex, giving any renter plenty to do.
Town Mountain
Average Rent
$1,642/Month
Year-Over-Year Rent Change
8.2%
TransitScore® Rating
13/100
Units Available
29 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Town Mountain. The average rent is $1,642, compared to the city average of $1,508. Rent prices have decreased by 8.2%. Town Mountain is convenient to Blue Ridge National Heritage Area, Mars Hill University, and Innsbruck Mall. The community is car-dependent with a WalkScore® of 7.
Downtown Asheville
Average Rent
$1,720/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
54/100
Units Available
91 Rentals
Downtown Asheville is an affordable neighborhood in Asheville with an average rent price of $1,720. Compare this to the city average of $1,508. In the past year, rent prices have decreased by 2.7%. Downtown Asheville provides easy access to Asheville Regional, UNC Asheville, and Western North Carolina Nature Center. It’s a walkable neighborhood with a WalkScore® of 91.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.