Cheap Apartments for Rent in the Five Points Neighborhood of Asheville, NC from $300 (44 Rentals)

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

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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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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Eagle Market Place
Studio to 3 Bedroom Apartments

Eagle Market Place

21 Eagle StAsheville, NC 28801
  • Utilities Included
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Woodridge Apartments
1 to 4 Bedroom Apartments

Woodridge Apartments

61 Bingham RdAsheville, NC 28806
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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

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Maple Crest Apartments
1 to 3 Bedroom Apartments

Maple Crest Apartments

20 Lee Garden LnAsheville, NC 28801
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Manor Inn
1 to 3 Bedroom Apartments

Manor Inn

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

40 Gertrude Pl

40 Gertrude PlAsheville, NC 28801
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102 Furman Ave
1 to 2 Bedroom Apartments

102 Furman Ave

102 Furman AveAsheville, NC 28801

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Byrne Building (Condos)
1 to 2 Bedroom Apartments

The Byrne Building (Condos)

39 Biltmore AveAsheville, NC 28801
Furnished
  • Utilities Included
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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-44, Page 1 of 1

Five Points, Asheville, NC Local Guide

Cheapest Available Five Points Apartments for Rent

 

The cheapest available apartment rental in the Five Points area of Asheville, NC is a Studio unit found at RADVIEW priced from $1,365. Skyloft Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,401. Here are the most affordable Five Points apartments for rent in Asheville, NC:

Apartment ListingModel NameBed/BathPriced From
RADVIEWRiver & RailsStudio,1BA$1,365
Skyloft ApartmentsA11BR,1BA$1,401
Ridge View ApartmentsA11BR,1BA$1,449
Woodberry1 x 1 B1BR,1BA$1,475
The AveryThe AstonStudio,1BA$1,485
The DukeThe PageStudio,1BA$1,485
The Northside at Merrimon2 bed/1 bath flat2BR,1BA$1,495
360 Hilliard Apartments1 Bedroom1BR,1BA$1,500

Best Value Apartments for Rent in Five Points, NC

As of June 01, 2026 the best value apartment in the Five Points area is the $1.98 price per square foot B7 Model at Beaucatcher Flats in the in the Kenilworth neighborhood starting from $2,387. The second greatest value Five Points apartment is the B1 Model at The Patton starting at $2,025 with a $1.75 price per square foot in the Rock Springs neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Beaucatcher FlatsB72BR,2BA$1.98
The PattonB12BR,2BA$1.75
White Oak Grove ApartmentsA2-12BR,2BA$1.59
3 W Rosecrest St, Unit 3C West Rosecrest Street3 W Rosecrest St2BR,1BA$1.60
1 W Rosecrest St, Unit 1C1 W Rosecrest St2BR,1BA$2.06
Skyloft ApartmentsA11BR,1BA$1.83
Ridge View ApartmentsA11BR,1BA$1.93
Woodberry1 x 1 B1BR,1BA$2.17
The Northside at Merrimon1 bed/1 bath townhome1BR,1BA$2.34
360 Hilliard Apartments1 Bedroom1BR,1BA$2.36

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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Best Local Schools in
Five Points, Asheville, NC

School data provided by Great Schools

Lifestyle Ratings

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Asheville, North Carolina. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for outdoor amenities like tennis courts, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Five Points Apartments

What is a cheap apartment in Five Points?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Five Points is under $1,500.

What is the price of a cheap apartment in Five Points?

The cheapest apartment in Five Points is Skyloft Apartments which is listed at $1,401, while the average apartment in Five Points costs $2,005.

What types of apartments are the cheapest in Five Points?

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 12 regular apartments in Five Points 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 Five Points?

Cheap apartments in Five Points have an average cost of $230 which is $1,775 cheaper than the average rent for all rentals in Five Points.

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.