Most Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Five Points, Grove Park, and North Downtown. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of December 26, 2024, the average rent in Asheville is $1,534, which is 1.7% higher 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
0.7%
TransitScore® Rating
38/100
Units Available
3 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Five Points might be the perfect place! It has an average rent price of $1,195, while the city’s average stands at $1,534. In the last year, prices have increased by 0.7%. Five Points is near Westgate Shopping Center, Botanical Gardens at Asheville, and Western North Carolina Nature Center.
Grove Park
Average Rent
$1,400/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
28/100
Units Available
1 Rentals
Grove Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Grove Park is $1,400 while the city average is $1,534. This is a 1.8% difference from last year. Residents enjoy convenient access to Mars Hill University, Botanical Gardens at Asheville, and Merrimon Square. The neighborhood is considered somewhat walkable with a WalkScore® of 57.
North Downtown
Average Rent
$1,550/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
42/100
Units Available
2 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out North Downtown. The average rent is $1,550, compared to the city average of $1,534. Rent prices have increased by 1.2%. North Downtown is convenient to Asheville-Buncombe Tech. C.C., Botanical Gardens at Asheville, and Western North Carolina Nature Center. The community is walkable with a WalkScore® of 88.
Biltmore Forest
Average Rent
$1,573/Month
Year-Over-Year Rent Change
6.2%
TransitScore® Rating
23/100
Units Available
8 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.
Bent Creek
Average Rent
$1,603/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
8/100
Units Available
53 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
$1,606/Month
Year-Over-Year Rent Change
5.2%
TransitScore® Rating
33/100
Units Available
5 Rentals
Haw Creek is an affordable neighborhood in Asheville with an average rent price of $1,606. Compare this to the city average of $1,534. In the past year, rent prices have decreased by 5.2%. Haw Creek provides easy access to Asheville Regional, Ingles Shopping Center, and Colburn Earth Science Museum. It’s a car-dependent neighborhood with a WalkScore® of 39.
Biltmore Park
Average Rent
$1,609/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
20/100
Units Available
79 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.
East End
Average Rent
$1,642/Month
Year-Over-Year Rent Change
4.5%
TransitScore® Rating
46/100
Units Available
31 Rentals
East End is a charming, residential neighborhood with tree-lined streets and a close-knit community feel. A key attraction is the Asheville Pinball Museum, a unique spot for families and pinball enthusiasts. Renters will enjoy the quiet atmosphere and easy access to downtown Asheville’s shopping and dining.
Woodfin
Average Rent
$1,688/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
1/100
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Woodfin might be the perfect place! It has an average rent price of $1,688, while the city’s average stands at $1,534. In the last year, prices have increased by 2%. Woodfin is near Biltmore, Northland Shopping Center, and Western North Carolina Nature Center.
Downtown Asheville
Average Rent
$1,714/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
54/100
Units Available
107 Rentals
Downtown Asheville is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Asheville is $1,714 while the city average is $1,534. This is a -0.3% difference from last year. Residents enjoy convenient access to Botanical Gardens at Asheville, Merrimon Commons, and UNC Asheville. The neighborhood is considered walkable 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.