The District
100 District Dr,
Asheville, NC 28803
Studio - 3 Beds | $1,142 - $3,600
Rental Market Trends in Asheville, NC
What is the average rent in Asheville, NC?
$1,533/month
Average Rent
785 Sq Ft
Average Apartment Size
+1.6%
Increase in the Last Year
As of December 2024, the average rent in Asheville, NC is $1,533 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Asheville rent prices are 2% lower than the national average. When you rent an apartment in Asheville, you can expect to pay about $1,287 per month for a studio, $1,533 for a one-bedroom apartment, and around $1,745 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,084 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 increased by 1.6%, which averages out to $25 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Asheville, NC
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
13%
$700 - $1,000/month
21%
$1,001 - $1,500/month
49%
$1,501 - $2,000/month
16%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Asheville?
Based on current rent prices, Five Points, Grove Park and North Downtown 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, Montford, Oakley and South French Broad 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 River Arts District, West Asheville 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 $1,533, you’ll want to make about $5,110 per month or $61,320 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.
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
-
$1,362/month
One Bedroom
$1,204/month
$1,603/month
Two Bedroom
$1,304/month
$2,204/month
Three Bedroom
$1,405/month
-
Apartment communities in Asheville we think you'll love
Property Management Companies in Asheville, NC
Pegasus Residential
-
135
Communities
-
33,404
Units
-
75
Cities
9 Communities in Asheville
Southwood Realty Company
-
102
Communities
-
24,627
Units
-
58
Cities
8 Communities in Asheville
Hawthorne Residential Partners
-
255
Communities
-
61,944
Units
-
116
Cities
6 Communities in Asheville
Greystar
-
3,191
Communities
-
884,840
Units
-
829
Cities
3 Communities in Asheville
Willow Bridge
-
679
Communities
-
185,890
Units
-
310
Cities
3 Communities in Asheville
ARI Apartment Management
-
38
Communities
-
12,539
Units
-
23
Cities
3 Communities in Asheville
NHE
-
27
Communities
-
6,299
Units
-
15
Cities
3 Communities in Asheville
Cushman & Wakefield
-
550
Communities
-
135,507
Units
-
276
Cities
2 Communities in Asheville
Learn more with helpful articles
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Methodology
† 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.
* Percentages may not total 100 due to rounding.