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Rental Market Trends in Asheville, NC

What is the average rent in Asheville, NC?

$1,443/month

Average Rent

776 Sq Ft

Average Apartment Size

-2.3%

Decrease in the Last Year

As of April 2026, the average rent in Asheville, NC is $1,443 per month. For comparison, the national average rent price in the US is currently $1,641/month, which means Asheville rent prices are 12% lower than the national average. When you rent an apartment in Asheville, you can expect to pay about $1,316 per month for a studio, $1,443 for a one-bedroom apartment, and around $1,686 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,920 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,316/month
531 Sq Ft
One Bedroom
$1,443/month
776 Sq Ft
Two Bedroom
$1,686/month
1,065 Sq Ft
Three Bedroom
$1,920/month
1,303 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,662/month
546 Sq Ft
Two Bedroom
$1,843/month
631 Sq Ft
Three Bedroom
$2,427/month
1,332 Sq Ft
Four Bedroom
$4,082/month
2,869 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,348/month
598 Sq Ft
Two Bedroom
$1,814/month
655 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,748/month
800 Sq Ft
Three Bedroom
$2,272/month
936 Sq Ft

How much has average rent changed in Asheville, NC?

In the past year, rent has decreased by 2.3%, which averages out to $33 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Asheville, NC
Last Updated April 2026
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Asheville, NC
Percentage*
Rent Range
1% Below $700/month
13% $700 - $1,000/month
27% $1,001 - $1,500/month
48% $1,501 - $2,000/month
11% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Asheville?

Based on current rent prices, Town Mountain, Woodfin and East Asheville are the most affordable neighborhoods in Asheville.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Town Mountain
$1,394/month
756 Sq Ft
Woodfin
$1,440/month
758 Sq Ft
East Asheville
$1,453/month
785 Sq Ft
Biltmore Park
$1,487/month
772 Sq Ft
Bent Creek
$1,499/month
807 Sq Ft
Five Points
$1,508/month
692 Sq Ft
East End
$1,565/month
734 Sq Ft
Montford
$1,602/month
683 Sq Ft
West Asheville
$1,639/month
824 Sq Ft
Blue Ridge
$1,643/month
789 Sq Ft

What are the most expensive neighborhoods in Asheville?

Based on current rent prices, River Arts District, Downtown Asheville and Biltmore Forest are the most expensive neighborhoods in Asheville.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
River Arts District
$1,846/month
734 Sq Ft
Downtown Asheville
$1,804/month
692 Sq Ft
Biltmore Forest
$1,778/month
816 Sq Ft
South French Broad
$1,732/month
668 Sq Ft
Biltmore
$1,732/month
846 Sq Ft
Oakley
$1,670/month
869 Sq Ft
Blue Ridge
$1,643/month
789 Sq Ft
West Asheville
$1,639/month
824 Sq Ft
Montford
$1,602/month
683 Sq Ft
East End
$1,565/month
734 Sq Ft

Which Asheville neighborhoods have the most rentals available?

The neighborhoods in Asheville with the most apartments available are West Asheville, Blue Ridge and Biltmore .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Asheville
$1,639/month
824 Sq Ft
Blue Ridge
$1,643/month
789 Sq Ft
Biltmore
$1,732/month
846 Sq Ft
Biltmore Park
$1,487/month
772 Sq Ft
Downtown Asheville
$1,804/month
692 Sq Ft
Bent Creek
$1,499/month
807 Sq Ft
South French Broad
$1,732/month
668 Sq Ft
Biltmore Forest
$1,778/month
816 Sq Ft
Oakley
$1,670/month
869 Sq Ft
East End
$1,565/month
734 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Asheville, NC?

Because the average rent in Asheville is $1,443, you’ll want to make about $4,810 per month or $57,720 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 6.7% higher than the national average. Generally, housing in Asheville is 13.3% more expensive than the national average, with rent falling between $1,316 - $1,920. You can expect to pay 0.4% less for groceries, 4.7% less for utilities, and 7.7% less for transportation.

City

Asheville, NC

3,842 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Asheville, NC

Apartment Averages

Town Mountain

Asheville, NC

River Arts District

Asheville, NC

Studio
$1,313/month
$1,648/month
One Bedroom
$1,408/month
$1,823/month
Two Bedroom
$1,659/month
$2,277/month
Three Bedroom
$2,119/month
$1,798/month
Search
Search

Apartment communities in Asheville we think you'll love

Ellison at the Preserve

Ellison at the Preserve

375 Spring Bluff Ln,
Asheville, NC 28803

$1,346 - $3,044

Studio - 3 Beds

The Highland

The Highland

382 Red Bud Cir,
Hendersonville, NC 28792

$1,499 - $2,099

1-3 Beds

Vetra Asheville

Vetra Asheville

300 Long Shoals Rd,
Arden, NC 28704

$1,199 - $1,849

1-3 Beds

Haven at Enka Lake

Haven at Enka Lake

196 Winter Forest Dr,
Candler, NC 28715

$1,425 - $1,925

1-3 Beds

Property Management Companies in Asheville, NC

Hawthorne Residential Partners
Hawthorne Residential Partners
  • 248

    Communities

  • 59,853

    Units

  • 111

    Cities

11 Communities in Asheville
Pegasus Residential
Pegasus Residential
  • 199

    Communities

  • 48,844

    Units

  • 111

    Cities

11 Communities in Asheville
Southwood Realty Company
Southwood Realty Company
  • 102

    Communities

  • 24,618

    Units

  • 59

    Cities

8 Communities in Asheville
Greystar
Greystar
  • 3,490

    Communities

  • 960,174

    Units

  • 891

    Cities

7 Communities in Asheville
URS Capital Partners
URS Capital Partners
  • 16

    Communities

  • 3,151

    Units

  • 14

    Cities

4 Communities in Asheville
ARI Apartment Management
ARI Apartment Management
  • 37

    Communities

  • 12,155

    Units

  • 23

    Cities

3 Communities in Asheville
Advanced Precision Group LLC
Advanced Precision Group LLC
  • 82

    Communities

  • 11,827

    Units

  • 60

    Cities

2 Communities in Asheville
Alfred
Alfred
  • 82

    Communities

  • 23,370

    Units

  • 49

    Cities

2 Communities in Asheville

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United States North Carolina Asheville Rental Trends

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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity