Cheap Apartments for Rent near Balfour, NC from $942 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Balfour.

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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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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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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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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Showing Results 1-38, Page 1 of 1

Balfour, NC Local Guide

Cheapest Available Balfour Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balfour, NC is a Studio unit found at Venture at Lake Julian in the Kashmir neighborhood priced from $1,150. Universal at Lakewood in the Downtown Hendersonville neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here is today’s list of the most affordable Balfour apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Venture at Lake JulianGlenvilleStudio,1BA$1,150
Universal at Lakewood1 Bedroom Second Level - 680sf1BR,1BA$1,199
Madison Long ShoalsGlenStudio,1BA$1,213
Reserve at Biltmore ParkBuncombe1BR,1BA$1,265
Brittany Place HendersonvilleThe Grenadier1BR,1BA$1,265
Audubon PlaceThe Finch1BR,1BA$1,285
Retreat at Arden FarmsArden1BR,1BA$1,293
Skyland Exchange Apartments1BR 1BA (711-822 SF) - Income Restrictions Apply1BR,1BA$1,294
Ballantyne Commons of HendersonvilleThe Drake with Sunroom1BR,1BA$1,295
Vetra AshevilleThe Oak1BR,1BA$1,299

Best Value Apartments for Rent in Balfour, NC and Nearby

As of August 23, 2026 the best value apartment in the Balfour area is the $1.36 price per square foot Magnolia Model at Artisan Living Mills River in the in the Kayden Valley neighborhood starting from $2,475. The second greatest value Balfour apartment is the 2 Bedroom Model at Park Residence starting at $1,495 with a $1.20 price per square foot in the Barker Heights neighborhood. Here is today’s list of the best values for Balfour apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Artisan Living Mills RiverMagnolia3BR,2.5BA$1.36
Park Residence2 Bedroom2BR,2BA$1.20
Ascend Cottages At Highland SquareD22BR,2BA$1.62
SouthRidge Apartments and TownhomesLooking Glass Townhouse2BR,2.5BA$1.39
Chadwick Square ApartmentsTwo Bedroom2BR,2BA$1.33
51 Cushion Pl2 Bed 2 Bath2BR,2BA$1.47
Charleston at the Meadows2 Bed/1 Bath Upgraded2BR,1BA$1.52
Retreat at Arden FarmsAsheville1BR,1BA$1.64
Audubon PlaceThe Finch1BR,1BA$1.61
Ballantyne Commons of HendersonvilleThe Drake with Balcony1BR,1BA$1.66

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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Balfour Apartments

How much is rent for a Cheap One Bedroom Balfour Apartment?

The lowest price for a Cheap One Bedroom Balfour Apartment is $1,199 at Universal at Lakewood.

What is the lowest price for a Cheap Two Bedroom Balfour Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Balfour is starting from $1,345 at Brittany Place Hendersonville.

What is the most affordable Balfour Three Bedroom Apartment?

The best deal on a cheap Balfour Three Bedroom Apartment rental is at Charleston at the Meadows and starts from $1,525.

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.