Best Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Ascot Point Village, Leicester Village, and Reserve at Asheville. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of January 4, 2026, the average rent in Asheville is $1,469, which is 3.5% 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.
Ascot Point Village
Average Rent
$1,328/Month
TransitScore® Rating
27/100
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Ascot Point Village might be the perfect place! It has an average rent price of $1,328, while the city’s average stands at $1,469. Ascot Point Village is near Mars Hill University, Asheville Regional, and Forest Ridge Shopping Center.
Leicester Village
Average Rent
$1,413/Month
TransitScore® Rating
0/100
Units Available
15 Rentals
Leicester Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Leicester Village is $1,413 while the city average is $1,469. Residents enjoy convenient access to UNC Asheville, Asheville Regional, and Botanical Gardens at Asheville. The neighborhood is considered car-dependent with a WalkScore® of 8.
Reserve at Asheville
Average Rent
$1,413/Month
TransitScore® Rating
0/100
Units Available
15 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Reserve at Asheville. The average rent is $1,413, compared to the city average of $1,469. Reserve at Asheville is convenient to Asheville-Buncombe Tech. C.C., Western Carolina University, and UNC Asheville. The community is car-dependent with a WalkScore® of 2.
Woodfin
Average Rent
$1,439/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
1/100
Units Available
27 Rentals
Woodfin is an affordable neighborhood in Asheville with an average rent price of $1,439. Compare this to the city average of $1,469. In the past year, rent prices have decreased by 0.4%. Woodfin provides easy access to Northland Shopping Center, Colburn Earth Science Museum, and Western North Carolina Nature Center. It’s a car-dependent neighborhood with a WalkScore® of 35.
Town Mountain
Average Rent
$1,521/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
13/100
Units Available
11 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 $1,521, while the city’s average stands at $1,469. In the last year, prices have decreased by 2.6%. Town Mountain is near Blue Ridge National Heritage Area, Biltmore, and UNC Asheville.
East End
Average Rent
$1,524/Month
Year-Over-Year Rent Change
5.3%
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.
Hawthone at Southside
Average Rent
$1,525/Month
TransitScore® Rating
23/100
Units Available
29 Rentals
Hawthone at Southside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hawthone at Southside is $1,525 while the city average is $1,469. Residents enjoy convenient access to Asheville-Buncombe Tech. C.C., Shops at Meridian Place, and Dingle Creek Crossing. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
East Asheville
Average Rent
$1,545/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
33/100
Units Available
25 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out East Asheville. The average rent is $1,545, compared to the city average of $1,469. Rent prices have decreased by 1.1%. East Asheville is convenient to Asheville Regional, Parkway Visitor Center, and Mars Hill University. The community is car-dependent with a WalkScore® of 46.
Bent Creek
Average Rent
$1,554/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
8/100
Units Available
148 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.
Oakley
Average Rent
$1,622/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
28/100
Units Available
38 Rentals
Oakley is an affordable neighborhood in Asheville with an average rent price of $1,622. Compare this to the city average of $1,469. In the past year, rent prices have decreased by 2.3%. Oakley provides easy access to Blue Ridge National Heritage Area, Mars Hill University, and Biltmore. It’s a car-dependent neighborhood with a WalkScore® of 38.
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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.