Cheap Apartments for Rent near Balsam, NC from $625 (28 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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Showing Results 1-28, Page 1 of 1

Balsam, NC Local Guide

Cheapest Available Balsam Apartments for Rent and Nearby

 

The cheapest available apartment rental in Balsam, NC is a 1 Bed unit found at Crowell Square in the Biltmore Lake neighborhood priced from $861. Sky at Cullowhee has the second lowest priced unit, which is a Studio apartment currently listed from $950. Here is today’s list of the most affordable Balsam apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Crowell Square1 Bedroom/1 Bath1BR,1BA$861
Sky at CullowheeStudio Model 1Studio,1BA$950
Creekside at AshevilleAshe 1 Bedroom1BR,1BA$1,175
The Villas at Avery Creek1 Bedroom First Level - 680sf1BR,1BA$1,189
Retreat at Arden FarmsArden1BR,1BA$1,193
Vetra AshevilleThe Oak1BR,1BA$1,199
Hawthorne at Bear CreekThe Cove1BR,1BA$1,201
DilworthThe Mitchell1BR,1BA$1,265
The Aventine AshevilleA21BR,1BA$1,271
Audubon PlaceThe Finch1BR,1BA$1,280

Best Value Apartments for Rent in Balsam, NC and Nearby

As of September 13, 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 CLEMENT Model at The Townes at Fountain Park starting at $2,095 with a $1.52 price per square foot in the Biltmore Lake 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
The Townes at Fountain ParkCLEMENT3BR,2.5BA$1.52
Birch Hill ApartmentsTHE MITCHELL2BR,2BA$1.43
White Oak Grove ApartmentsA5-22BR,2BA$1.40
Dream Asheville ExchangeC13BR,2BA$1.53
Seasons at Biltmore Lake CondominiumsSummer2BR,2BA$1.38
Ascent Apartment HomesJasmine2BR,2BA$1.47
Creekside at ArdenArden 2A2BR,1BA$1.51
Retreat at Arden FarmsAsheville1BR,1BA$1.52
Crowell Square1 Bedroom/1 Bath1BR,1BA$1.44

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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!

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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 Sky at Cullowhee listed at $950.

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

The lowest price for a Cheap One Bedroom Balsam Apartment is $861 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 $1,530.

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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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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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.