Cheap Apartments for Rent in the Five Points Neighborhood of Asheville, NC from $300 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Five Points area of Asheville.

Maple Crest Apartments
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.
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.

27 Poplar Ln
Five Points, Asheville, NC Local Guide

How much does it cost to rent an apartment in Five Points?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Five Points Studio Apartments | $1,506 | $1,150 | $1,935 |
Five Points 1 Bedroom Apartments | $1,774 | $795 | $4,000 |
Five Points 2 Bedroom Apartments | $2,026 | $895 | $4,154 |
Five Points 3 Bedroom Apartments | $2,014 | $995 | $4,246 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Five Points Neighborhood of Asheville, NC.
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Five Points, Asheville, NC Local Guide
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Cheapest Available Five Points Apartments for Rent
 The cheapest available apartment rental in the Five Points area of Asheville, NC is a 1 Bed unit found at Woods Townhomes priced from $795. Maple Crest Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $835. Here are the most affordable Five Points apartments for rent in Asheville, NC:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Woods Townhomes | 1 Bed 1 Bath | 1BR,1BA | $795 |
Maple Crest Apartments | 1 Bedroom | 1BR,1BA | $835 |
Reed Creek Greenway Apartments | Studio | Studio,1BA | $1,150 |
Willow Ridge | Asheville | 2BR,1BA | $1,249 |
RADVIEW | River & Rails | Studio,1BA | $1,295 |
Best Value Apartments for Rent in Five Points, NC
As of October 06, 2025 the best value apartment in the Five Points area is the $1.55 price per square foot A2-2 Model at White Oak Grove Apartments in the in the Dover Charles Travis neighborhood starting from $1,703. The second greatest value Five Points apartment is the 300 Charlotte St Model at 300 Charlotte St, Unit 300 Charlotte St. Unit 1 starting at $1,800 with a $1.76 price per square foot in the Bartrams Walk neighborhood. Here is today’s list of the best values for Five Points apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
White Oak Grove Apartments | A2-2 | 2BR,2BA | $1.55 |
300 Charlotte St, Unit 300 Charlotte St. Unit 1 | 300 Charlotte St | 2BR,1BA | $1.76 |
116 Lookout Dr, Unit B | 116 Lookout Dr | 2BR,1.5BA | $1.75 |
Woods Townhomes | 2 Bed 1 Bath | 2BR,1BA | $1.01 |
Retreat At Hunt Hill | Pisgah-A1 | 1BR,1BA | $1.96 |
Willow Ridge | Asheville | 2BR,1.5BA | $1.56 |
Skyloft Apartments | A1 | 1BR,1BA | $2.02 |
Ridge View Apartments | A1 | 1BR,1BA | $1.73 |
Maple Crest Apartments | 1 Bedroom | 1BR,1BA | $1.27 |
The Northside at Merrimon | 1 bed/1 bath flat | 1BR,1BA | $2.15 |
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Pet Friendly LifestyleFive Points, Asheville, NC
Ranked #19
Among cities in North Carolina for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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.
Getting Around the Five Points Neighborhood in Asheville, NC
Walk Score®
85 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
38 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,433.
What is the price of a cheap apartment in Five Points?
The cheapest apartment in Five Points is Woods Townhomes which is listed at $795, while the average apartment in Five Points costs $1,983.
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 33 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 $293 which is $1,690 cheaper than the average rent for all rentals in Five Points.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.