Best Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Leicester Village, Reserve at Asheville, and Ascot Point Village. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of February 19, 2026, the average rent in Asheville is $1,457, which is 1.4% 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.
Leicester Village
Average Rent
$1,304/Month
TransitScore® Rating
0/100
Units Available
36 Rentals
Leicester Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Leicester Village is $1,304 while the city average is $1,457. Residents enjoy convenient access to Leicester Crossing, Western Carolina University, and Leicester Landings. The neighborhood is considered car-dependent with a WalkScore® of 8.
Reserve at Asheville
Average Rent
$1,304/Month
TransitScore® Rating
0/100
Units Available
36 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Reserve at Asheville. The average rent is $1,304, compared to the city average of $1,457. Reserve at Asheville is convenient to Biltmore, UNC Asheville, and Western North Carolina Nature Center. The community is car-dependent with a WalkScore® of 2.
Ascot Point Village
Average Rent
$1,324/Month
TransitScore® Rating
27/100
Units Available
10 Rentals
Ascot Point Village is an affordable neighborhood in Asheville with an average rent price of $1,324. Compare this to the city average of $1,457. Ascot Point Village provides easy access to North Carolina Arboretum, Western North Carolina Nature Center, and Biltmore. It’s a car-dependent neighborhood with a WalkScore® of 33.
Woodfin
Average Rent
$1,377/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
1/100
Units Available
29 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 $1,377, while the city’s average stands at $1,457. In the last year, prices have decreased by 0.9%. Woodfin is near Mars Hill University, Grace Plaza, and Western Carolina University.
East Asheville
Average Rent
$1,473/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
33/100
Units Available
33 Rentals
East Asheville is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Asheville is $1,473 while the city average is $1,457. This is a 1.4% difference from last year. Residents enjoy convenient access to Hometrust Plaza, Ingles Shopping Center, and Blue Ridge National Heritage Area. The neighborhood is considered car-dependent with a WalkScore® of 46.
Five Points
Average Rent
$1,525/Month
Year-Over-Year Rent Change
33.4%
TransitScore® Rating
38/100
Units Available
17 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Five Points. The average rent is $1,525, compared to the city average of $1,457. Rent prices have decreased by 33.4%. Five Points is convenient to Westgate Shopping Center, Mars Hill University, and UNC Asheville. The community is walkable with a WalkScore® of 85.
Hawthone at Southside
Average Rent
$1,525/Month
TransitScore® Rating
23/100
Units Available
28 Rentals
Hawthone at Southside is an affordable neighborhood in Asheville with an average rent price of $1,525. Compare this to the city average of $1,457. Hawthone at Southside provides easy access to Western North Carolina Nature Center, UNC Asheville, and Blue Ridge National Heritage Area. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Bent Creek
Average Rent
$1,551/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
8/100
Units Available
130 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.
East End
Average Rent
$1,578/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
46/100
Units Available
29 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.
Verde Vista
Average Rent
$1,597/Month
TransitScore® Rating
32/100
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Verde Vista might be the perfect place! It has an average rent price of $1,597, while the city’s average stands at $1,457. Verde Vista is near Parkway Visitor Center, Oakley Plaza, and River Ridge MarketPlace.
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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.