Most Affordable Neighborhoods in Asheville, NC
Some of the cheapest neighborhoods in Asheville are Ascot Point Village, East Asheville, and Woodfin. These neighborhoods offer some of the lowest rent prices in Asheville, making them ideal for renters on a budget. As of October 4, 2025, the average rent in Asheville is $1,452, which is 5.4% 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.
Ascot Point Village
Average Rent
$1,330/Month
TransitScore® Rating
27/100
Units Available
12 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Ascot Point Village. The average rent is $1,330, compared to the city average of $1,452. Ascot Point Village is convenient to Parkway Visitor Center, Western Carolina University, and North Carolina Arboretum. The community is car-dependent with a WalkScore® of 33.
East Asheville
Average Rent
$1,371/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
33/100
Units Available
31 Rentals
East Asheville is an affordable neighborhood in Asheville with an average rent price of $1,371. Compare this to the city average of $1,452. In the past year, rent prices have decreased by 5.3%. East Asheville provides easy access to Colburn Earth Science Museum, Parkway Visitor Center, and Blue Ridge National Heritage Area. It’s a car-dependent neighborhood with a WalkScore® of 46.
Woodfin
Average Rent
$1,411/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
1/100
Units Available
33 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 $1,411, while the city’s average stands at $1,452. In the last year, prices have decreased by 1.3%. Woodfin is near Asheville Regional, Western Carolina University, and UNC Asheville.
Hawthone at Southside
Average Rent
$1,483/Month
TransitScore® Rating
23/100
Units Available
17 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 $1,483 while the city average is $1,452. Residents enjoy convenient access to Biltmore, Blue Ridge National Heritage Area, and Asheville Regional. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Verde Vista
Average Rent
$1,502/Month
TransitScore® Rating
32/100
Units Available
17 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Verde Vista. The average rent is $1,502, compared to the city average of $1,452. Verde Vista is convenient to Riverbend Marketplace, Asheville-Buncombe Tech. C.C., and Asheville Regional. The community is car-dependent with a WalkScore® of 43.
Leisure Village
Average Rent
$1,560/Month
TransitScore® Rating
32/100
Units Available
19 Rentals
Leisure Village is an affordable neighborhood in Asheville with an average rent price of $1,560. Compare this to the city average of $1,452. Leisure Village provides easy access to Mars Hill University, Colburn Earth Science Museum, and Oakley Plaza. It’s a car-dependent neighborhood with a WalkScore® of 37.
Biltmore Park
Average Rent
$1,563/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
20/100
Units Available
112 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.
Oakley
Average Rent
$1,565/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
28/100
Units Available
44 Rentals
If you’re looking for a great, affordable neighborhood in Asheville, Oakley might be the perfect place! It has an average rent price of $1,565, while the city’s average stands at $1,452. In the last year, prices have decreased by 1.6%. Oakley is near Western North Carolina Nature Center, Oakley Plaza, and Asheville-Buncombe Tech. C.C..
Bent Creek
Average Rent
$1,571/Month
Year-Over-Year Rent Change
7.4%
TransitScore® Rating
8/100
Units Available
60 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.
Five Points
Average Rent
$1,656/Month
Year-Over-Year Rent Change
50.3%
TransitScore® Rating
38/100
Units Available
34 Rentals
Five Points is a top choice for budget-conscious renters for a variety of reasons. The average rent in Five Points is $1,656 while the city average is $1,452. This is a -50.3% difference from last year. Residents enjoy convenient access to Asheville Regional, UNC Asheville, and Merrimon Square. The neighborhood is considered walkable with a WalkScore® of 85.
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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.