Downtown Asheville, Asheville, NC Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Asheville is $1,825, a 1.25% decrease compared to the previous year, when the average rent was $1,848.
Studio Apartments at $1,490 offer the most budget-friendly option with 486 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 657 square feet for $1,610, balancing privacy and affordability.
Two-beedroom units at $2,389 offer 1,152 square feet, perfect for roommates or small families.
Average rent in Downtown Asheville, Asheville, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,825 | 789 sq. ft. |
| Studio | $1,490 | 486 sq. ft. |
| 1 Bed | $1,610 | 657 sq. ft. |
| 2 Beds | $2,389 | 1,152 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Asheville, Asheville, NC rent trends
Rental prices in Downtown Asheville, Asheville, NC have decreased by 1.25% over the past year. The average rent moved from $1,848 to $1,825.
What's the typical rent budget in Downtown Asheville, Asheville, NC?
The largest share of rentals in Downtown Asheville, Asheville, NC (51%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Asheville, Asheville, NC?
3,849 or 63% of the households in Downtown Asheville, Asheville, NC are renter-occupied while 2,232 or 37% are owner-occupied.
Most affordable neighborhoods in Downtown Asheville?
Haw Creek $1,555/month
Skyland Springs $1,649/month
Hawthorne at Southside $1,723/month
All of these neighborhoods fall below the city wide average of $1,698/month.Most expensive neighborhoods in Downtown Asheville?
Redwood Forest $1,764/month
Malvern Hills $1,787/month
Brooks Estates $2,003/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Asheville, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brooks Estates | $2,003 |
| Malvern Hills | $1,787 |
| Redwood Forest | $1,764 |
| East End - Valley Street | $1,740 |
| Hawthorne at Southside | $1,723 |
| Skyland Springs | $1,649 |
| Haw Creek | $1,555 |
Asheville | Rent Comparison by Neighborhood
Rent in Brooks Estates is 15% higher than in East End - Valley Street
Brooks Estates rent is 10% higher than Asheville average
East End - Valley Street rent is 5% lower than Asheville average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Asheville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.