Nova at Biltmore Park
300 Long Shoals Rd,
Arden, NC 28704
1-3 Beds | $1,499 - $2,199
Rental Market Trends in Asheville, NC
What is the average rent in Asheville, NC?
$1,507/month
Average Rent
783 Sq Ft
Average Apartment Size
-2.6%
Decrease in the Last Year
As of June 2025, the average rent in Asheville, NC is $1,507 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Asheville rent prices are 7% lower than the national average. When you rent an apartment in Asheville, you can expect to pay about $1,229 per month for a studio, $1,507 for a one-bedroom apartment, and around $1,732 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,065 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Asheville, NC?
In the past year, rent has decreased by 2.6%, which averages out to $39 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Asheville, NC
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
12%
$700 - $1,000/month
24%
$1,001 - $1,500/month
50%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Asheville?
Based on current rent prices, East Asheville, Cedar Pointe Crossing and Camelot are the most affordable neighborhoods in Asheville.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Asheville?
Based on current rent prices, Hawthone at Southside, Montford and Downtown Asheville are the most expensive neighborhoods in Asheville.
Neighborhood
Average Rent
Average Sq Ft
Which Asheville neighborhoods have the most rentals available?
The neighborhoods in Asheville with the most apartments available are West Asheville, River Arts District and South French Broad .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Asheville, NC?
Because the average rent in Asheville is $1,507, you’ll want to make about $5,023 per month or $60,276 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Asheville, NC is 2.7% higher than the national average. Generally, housing in Asheville is 6.1% more expensive than the national average, with rent falling between $1,229 - $2,065. You can expect to pay 1.2% less for groceries, 4.1% less for utilities, and 6.7% less for transportation.
How does Asheville, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Asheville, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$899/month
-
One Bedroom
$1,207/month
-
Two Bedroom
$1,521/month
-
Three Bedroom
$2,224/month
-
Nearby City Rent Trends
Apartment communities in Asheville we think you'll love
Property Management Companies in Asheville, NC
Pegasus Residential
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171
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40,893
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91
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Southwood Realty Company
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102
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24,650
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Hawthorne Residential Partners
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263
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Greystar
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3,261
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Willow Bridge
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704
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191,285
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328
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3 Communities in Asheville
ARI Apartment Management
-
37
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-
12,190
Units
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23
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3 Communities in Asheville
NHE
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24
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-
5,158
Units
-
16
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3 Communities in Asheville
URS Capital Partners
-
12
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-
2,347
Units
-
11
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.