Cheap Apartments for Rent in the Downtown Asheville Neighborhood of Asheville, NC from $397 (55 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Asheville area of Asheville.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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161 Edgewood Rd, Unit 2
$1,325
Total Monthly Price

Total Monthly Price

Base Rent
$1,325
Total Monthly Price
$1,325
1 Bedroom Apartment Available Now

161 Edgewood Rd, Unit 2

161 Edgewood RdAsheville, NC 28804
Furnished
  • Smoke Free

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Artful Way
$1,485 - $1,755
Total Monthly Price

Total Monthly Price

Base Rent
$1,485 - $1,755
Total Monthly Price
$1,485 - $1,755
Studio Apartments Available Now

Artful Way

31 Artful WayAsheville, NC 28801
Furnished
  • Verified
  • Utilities Included
  • 3D Tour
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Eagle Market Place
Studio to 3 Bedroom Apartments

Eagle Market Place

21 Eagle StAsheville, NC 28801
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Woodridge Apartments
1 to 4 Bedroom Apartments

Woodridge Apartments

61 Bingham RdAsheville, NC 28806
  • Utilities Included
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Ledgewood Village
1 to 4 Bedroom Apartments

Ledgewood Village

15 Future DrAsheville, NC 28803
  • Utilities Included
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Overlook Apartments
1 Bedroom Apartments

Overlook Apartments

127 Bartlett StAsheville, NC 28801
Senior Living
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Glen Rock
1 to 3 Bedroom Apartments

Glen Rock

372 Depot StAsheville, NC 28801
  • Utilities Included
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Miramonte Forest
1 to 2 Bedroom Apartments

Miramonte Forest

25 Howland RdAsheville, NC 28804
  • Utilities Included
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Maple Crest Apartments
1 to 3 Bedroom Apartments

Maple Crest Apartments

20 Lee Garden LnAsheville, NC 28801
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Manor Inn
1 to 3 Bedroom Apartments

Manor Inn

265 Charlotte StAsheville, NC 28801
  • Utilities Included
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40 Gertrude Pl
Studio to 3 Bedroom Apartments

40 Gertrude Pl

40 Gertrude PlAsheville, NC 28801
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60 Flint St
Studio to 1 Bedroom Apartments

60 Flint St

60 Flint StAsheville, NC 28801
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205 Hillside St
Studio to 2 Bedroom Apartments

205 Hillside St

205 Hillside StAsheville, NC 28801
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295 E Chestnut St
1 to 2 Bedroom Apartments

295 E Chestnut St

295 E Chestnut StAsheville, NC 28801
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102 Furman Ave
1 to 2 Bedroom Apartments

102 Furman Ave

102 Furman AveAsheville, NC 28801

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Showing Results 1-50, Page 1 of 2

Downtown Asheville, Asheville, NC Local Guide

Cheapest Available Downtown Asheville Apartments for Rent

 

The cheapest available apartment rental in the Downtown Asheville area of Asheville, NC is a 1 Bed unit found at Woods Townhomes priced from $895. 60 Flint St has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here are the most affordable Downtown Asheville apartments for rent in Asheville, NC:

Apartment ListingModel NameBed/BathPriced From
Woods Townhomes1 Bed 1 Bath1BR,1BA$895
60 Flint St0 Beds, 1 BathsStudio,1BA$950
295 E Chestnut St1 Beds, 1 Baths1BR,1BA$1,250
The DukeThe Noble1BR,1BA$1,300
Willow Ridge2 Bedroom 1.5 Baths2BR,1BA$1,307
Retreat At Hunt HillNantahala-S1Studio,1BA$1,315
RADVIEWRiver & RailsStudio,1BA$1,365

Best Value Apartments for Rent in Downtown Asheville, NC

As of August 25, 2026 the best value apartment in the Downtown Asheville area is the $1.16 price per square foot 3 Bed 1 Bath Model at Woods Townhomes in the in the Rock Springs neighborhood starting from $1,195. The second greatest value Downtown Asheville apartment is the 116 Lookout Dr Model at 116 Lookout Dr, Unit A starting at $1,695 with a $1.70 price per square foot in the Rock Springs neighborhood. Here is today’s list of the best values for Downtown Asheville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Woods Townhomes3 Bed 1 Bath3BR,1BA$1.16
116 Lookout Dr, Unit A116 Lookout Dr2BR,1.5BA$1.70
Woodberry2 x 22BR,2BA$1.91
Enclave Piney MountainA3-a1BR,1BA$1.91
The Northside at Merrimon2 bed/1 bath flat2BR,1BA$1.82
Willow Ridge2 Bedroom 1.5 Baths2BR,1.5BA$1.63
Skyloft ApartmentsA11BR,1BA$1.84
River Mill LoftsA1 - Skyloft1BR,1BA$1.85
161 Edgewood Rd, Unit 2161 Edgewood Rd1BR,1BA$2.04
14 Lincoln Ave W, Unit A14 Lincoln Ave W1BR,1BA$2.08

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Downtown Asheville, Asheville, NC

Ranked #26

Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Downtown Asheville, Asheville, NC

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, cities, and rental properties across North Carolina, including Asheville. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Downtown Asheville Apartments

What is a cheap apartment in Downtown Asheville?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Asheville is under $1,365.

What is the price of a cheap apartment in Downtown Asheville?

The cheapest apartment in Downtown Asheville is Woods Townhomes which is listed at $895, while the average apartment in Downtown Asheville costs $1,735.

What types of apartments are the cheapest in Downtown Asheville?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 31 regular apartments in Downtown Asheville that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Asheville?

Cheap apartments in Downtown Asheville have an average cost of $326 which is $1,409 cheaper than the average rent for all rentals in Downtown Asheville.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.