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 April 5, 2026, the average rent in Asheville is $1,444, which is 2.9% 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
$1,314/Month
Units Available
12 Rentals
Ascot Point Village is a top choice for budget-conscious renters for a variety of reasons. The average rent in Ascot Point Village is $1,314 while the city average is $1,444. Residents enjoy convenient access to Blue Ridge National Heritage Area, Western Carolina University, and North Carolina Arboretum.
Leicester Village
Average Rent
$1,320/Month
Units Available
30 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Leicester Village. The average rent is $1,320, compared to the city average of $1,444. Leicester Village is convenient to Botanical Gardens at Asheville, Western North Carolina Nature Center, and Mt Carmel Center.
Reserve at Asheville
Average Rent
$1,320/Month
Units Available
30 Rentals
Reserve at Asheville is an affordable neighborhood in Asheville with an average rent price of $1,320. Compare this to the city average of $1,444. Reserve at Asheville provides easy access to Mt Carmel Center, Asheville Regional, and Leicester Crossing.
Woodfin
Average Rent
$1,395/Month
Year-Over-Year Rent Change
5%
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 $1,395, while the city’s average stands at $1,444. In the last year, prices have decreased by 5%. Woodfin is near Asheville Regional, Western North Carolina Nature Center, and Northland Shopping Center.
East Asheville
Average Rent
$1,467/Month
Year-Over-Year Rent Change
3.3%
Units Available
20 Rentals
East Asheville is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Asheville is $1,467 while the city average is $1,444. This is a 3.3% difference from last year. Residents enjoy convenient access to Asheville-Buncombe Tech. C.C., Colburn Earth Science Museum, and Mars Hill University.
Biltmore Park
Average Rent
$1,510/Month
Year-Over-Year Rent Change
3.4%
Units Available
151 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.
Hawthone at Southside
Average Rent
$1,518/Month
Units Available
21 Rentals
When you’re looking for a great Asheville neighborhood on a budget, check out Hawthone at Southside. The average rent is $1,518, compared to the city average of $1,444. Hawthone at Southside is convenient to Asheville Regional, Mars Hill University, and Asheville-Buncombe Tech. C.C..
Bent Creek
Average Rent
$1,521/Month
Year-Over-Year Rent Change
4.5%
Units Available
132 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
$1,522/Month
Year-Over-Year Rent Change
33.3%
Units Available
16 Rentals
Five Points is an affordable neighborhood in Asheville with an average rent price of $1,522. Compare this to the city average of $1,444. In the past year, rent prices have decreased by 33.3%. Five Points provides easy access to Western Carolina University, Mars Hill University, and Colburn Earth Science Museum.
Verde Vista
Average Rent
$1,522/Month
Units Available
18 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 $1,522, while the city’s average stands at $1,444. Verde Vista is near Asheville Regional, Oakley Plaza, and Western North Carolina Nature Center.
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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.