Most Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Five Points, East Asheville, and Biltmore Forest. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of May 5, 2025, the average rent in Asheville is $1,497, which is 3.4% 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.
Five Points
Average Rent
$1,427/Month
TransitScore® Rating
38/100
Units Available
5 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Five Points. The average rent is $1,427, compared to the city average of $1,497. Rent prices have increased by 0%. Five Points is convenient to Botanical Gardens at Asheville, Western North Carolina Nature Center, and Asheville-Buncombe Tech. C.C.. The community is walkable with a WalkScore® of 85.
East Asheville
Average Rent
$1,515/Month
Year-Over-Year Rent Change
4.2%
TransitScore® Rating
33/100
Units Available
40 Rentals
East Asheville is an affordable neighborhood in Asheville with an average rent price of $1,515. Compare this to the city average of $1,497. In the past year, rent prices have decreased by 4.2%. East Asheville provides easy access to Asheville Regional, Hometrust Plaza, and Western North Carolina Nature Center. It’s a car-dependent neighborhood with a WalkScore® of 46.
Biltmore Forest
Average Rent
$1,565/Month
Year-Over-Year Rent Change
8.9%
TransitScore® Rating
23/100
Units Available
16 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
$1,580/Month
Year-Over-Year Rent Change
4%
TransitScore® Rating
8/100
Units Available
40 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
$1,583/Month
Year-Over-Year Rent Change
17%
TransitScore® Rating
33/100
Units Available
4 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Haw Creek might be the perfect place! It has an average rent price of $1,583, while the city’s average stands at $1,497. In the last year, prices have decreased by 17%. Haw Creek is near Mars Hill University, Colburn Earth Science Museum, and UNC Asheville.
Jackson Park
Average Rent
$1,612/Month
Year-Over-Year Rent Change
4.8%
TransitScore® Rating
28/100
Units Available
4 Rentals
Jackson Park is a top choice for budget-conscious renters for a variety of reasons. The average rent in Jackson Park is $1,612 while the city average is $1,497. This is a 4.8% difference from last year. Residents enjoy convenient access to Grace Plaza, Asheville Regional, and Colburn Earth Science Museum. The neighborhood is considered walkable with a WalkScore® of 72.
Biltmore Park
Average Rent
$1,626/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
20/100
Units Available
84 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
$1,632/Month
Year-Over-Year Rent Change
2.2%
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.
Town Mountain
Average Rent
$1,646/Month
Year-Over-Year Rent Change
13.9%
TransitScore® Rating
13/100
Units Available
12 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Town Mountain. The average rent is $1,646, compared to the city average of $1,497. Rent prices have decreased by 13.9%. Town Mountain is convenient to Mars Hill University, Innsbruck Mall, and Biltmore. The community is car-dependent with a WalkScore® of 7.
Oakley
Average Rent
$1,722/Month
Year-Over-Year Rent Change
13.3%
TransitScore® Rating
28/100
Units Available
49 Rentals
Oakley is an affordable neighborhood in Asheville with an average rent price of $1,722. Compare this to the city average of $1,497. In the past year, rent prices have decreased by 13.3%. Oakley provides easy access to Western North Carolina Nature Center, Biltmore, and Western Carolina University. 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.