Cheap Apartments for Rent near Balsam, NC from $600 (25 Rentals)

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

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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Balsam, NC Local Guide

Cheapest Available Balsam Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balsam, NC is a 2 Beds unit found at Crowell Square in the Biltmore Lake neighborhood priced from $1,025. Creekside at Asheville in the Dover Charles Travis 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 Balsam apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crowell Square2 Bedroom/1 Bath2BR,1BA$1,025
Creekside at AshevilleAshe 1 Bedroom1BR,1BA$1,199
Vetra AshevilleThe Oak1BR,1BA$1,199
Seasons at Biltmore Lake CondominiumsWinter1BR,1BA$1,200
The Villas at Avery Creek1 Bedroom Second Level - 680sf1BR,1BA$1,219

Best Value Apartments for Rent in Balsam, NC and Nearby

As of July 30, 2026 the best value apartment in the Balsam 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 Balsam apartment is the CHARLESTON Model at Belle Meadow starting at $2,500 with a $1.56 price per square foot in the Dover Charles Travis neighborhood. Here is today’s list of the best values for Balsam apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Artisan Living Mills RiverMagnolia3BR,2.5BA$1.36
Belle MeadowCHARLESTON4BR,3BA$1.56
The Townes at Fountain ParkCLEMENT3BR,2.5BA$1.45
White Oak Grove ApartmentsA4-2 Deluxe2BR,2BA$1.47
Birch Hill ApartmentsTHE MONARCH2BR,2BA$1.38
Creekside at ArdenArden 2A2BR,1BA$1.51
Westmont CommonsChalet1BR,1BA$1.57
Greymont Village ApartmentsTranquility1BR,1BA$1.58
4214 West ApartmentsTwo bedroom2BR,1BA$0.74
The Maples of CullowheeTwo Bedroom2BR,2BA$1.54

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

Explore Balsam, NC Rentals by Map

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Frequently Asked Questions about Cheap Balsam Apartments

What is the Cheapest Studio apartment in Balsam?

Currently the most affordable Cheap Studio Apartment in Balsam is at Hominy at RiverBlue listed at $1,456.

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

The lowest price for a Cheap One Bedroom Balsam Apartment is $1,052 at Crowell Square.

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

Today's best deal for a Cheap Two Bedroom Apartment in Balsam is starting from $1,025 at Crowell Square.

What is the most affordable Balsam Three Bedroom Apartment?

The best deal on a cheap Balsam Three Bedroom Apartment rental is at Hawthorne at Bear Creek and starts from $1,578.

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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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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.