Most Affordable Neighborhoods in Asheville, NC

Some of the cheapest neighborhoods in Asheville are Jackson Park, Biltmore Forest, and Five Points. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of April 6, 2025, the average rent in Asheville is $1,484, which is 2.1% 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.

Jackson Park

Average Rent

$1,200/Month

Year-Over-Year Rent Change

3.1%

TransitScore® Rating

28/100

Units Available

2 Rentals

If you’re looking for a great, affordable neighborhood in Asheville, Jackson Park might be the perfect place! It has an average rent price of $1,200, while the city’s average stands at $1,484. In the last year, prices have increased by 3.1%. Jackson Park is near Mars Hill University, UNC Asheville, and Colburn Earth Science Museum.

Biltmore Forest

Average Rent

$1,423/Month

Year-Over-Year Rent Change

9.4%

TransitScore® Rating

23/100

Units Available

7 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.

Five Points

Average Rent

$1,452/Month

TransitScore® Rating

38/100

Units Available

5 Rentals

Five Points is a top choice for budget-conscious renters for a variety of reasons. The average rent in Five Points is $1,452 while the city average is $1,484. This is a 0% difference from last year. Residents enjoy convenient access to Merrimon Square, Westgate Shopping Center, and Biltmore. The neighborhood is considered walkable with a WalkScore® of 85.

East Asheville

Average Rent

$1,530/Month

Year-Over-Year Rent Change

4.8%

TransitScore® Rating

33/100

Units Available

34 Rentals

When you’re looking for a great Asheville neighborhood on a budget, check out East Asheville. The average rent is $1,530, compared to the city average of $1,484. Rent prices have decreased by 4.8%. East Asheville is convenient to Blue Ridge National Heritage Area, Ingles Shopping Center, and Colburn Earth Science Museum. The community is car-dependent with a WalkScore® of 46.

Bent Creek

Average Rent

$1,538/Month

Year-Over-Year Rent Change

6.1%

TransitScore® Rating

8/100

Units Available

47 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.

Haw Creek

Average Rent

$1,593/Month

Year-Over-Year Rent Change

18%

TransitScore® Rating

33/100

Units Available

4 Rentals

Haw Creek is an affordable neighborhood in Asheville with an average rent price of $1,593. Compare this to the city average of $1,484. In the past year, rent prices have decreased by 18%. Haw Creek provides easy access to UNC Asheville, Botanical Gardens at Asheville, and Western Carolina University. It’s a car-dependent neighborhood with a WalkScore® of 39.

Biltmore Park

Average Rent

$1,606/Month

Year-Over-Year Rent Change

2.9%

TransitScore® Rating

20/100

Units Available

87 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

$1,664/Month

Year-Over-Year Rent Change

14%

TransitScore® Rating

13/100

Units Available

20 Rentals

If you’re looking for a great, affordable neighborhood in Asheville, Town Mountain might be the perfect place! It has an average rent price of $1,664, while the city’s average stands at $1,484. In the last year, prices have decreased by 14%. Town Mountain is near Eastvale Shopping Center, UNC Asheville, and Western Carolina University.

Oakley

Average Rent

$1,677/Month

Year-Over-Year Rent Change

17.6%

TransitScore® Rating

28/100

Units Available

45 Rentals

Oakley is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oakley is $1,677 while the city average is $1,484. This is a -17.6% difference from last year. Residents enjoy convenient access to River Ridge MarketPlace, Western Carolina University, and UNC Asheville. The neighborhood is considered car-dependent with a WalkScore® of 38.

North Downtown

Average Rent

$1,700/Month

Year-Over-Year Rent Change

1%

TransitScore® Rating

42/100

Units Available

1 Rentals

When you’re looking for a great Asheville neighborhood on a budget, check out North Downtown. The average rent is $1,700, compared to the city average of $1,484. Rent prices have increased by 1%. North Downtown is convenient to Merrimon Commons, Botanical Gardens at Asheville, and Western Carolina University. The community is walkable with a WalkScore® of 88.

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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.