
Cheap Homes for Rent in Balsam, NC from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Balsam.


333 Evans Rd

2468 US-441

31 Mothergoose Ln

157 Citadel Dr

3334 Dellwood Rd

82 Iron Mountain Dr
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.

143 Carrion Ln

38 Misty Mountain Way

228 Barrett Rd

55 Burnette St

97 Citadel Dr

1581 Sulphur Springs Rd

109 Citadel Dr
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.
Balsam, NC Local Guide

How much does it cost to rent a home in Balsam?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Balsam 2 Bedroom Homes for Rent | $1,604 | $1,100 | $2,105 |
| Balsam 3 Bedroom Homes for Rent | $1,835 | $1,195 | $2,500 |
| Balsam 4 Bedroom Homes for Rent | $2,925 | $2,400 | $3,450 |
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Balsam, NC Local Guide
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Cheapest Available Balsam Apartments for Rent and Nearby
 The cheapest available apartment rental in Balsam, NC is a 1 Bed unit found at The Riverhouse of Cullowhee priced from $625. Crowell Square in the Biltmore Lake neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $861. Here is today’s list of the most affordable Balsam apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Riverhouse of Cullowhee | 1 Bedroom | 1BR,1BA | $625 |
| Crowell Square | 1 Bedroom/1 Bath | 1BR,1BA | $861 |
| Creekside at Asheville | Ashe 1 Bedroom | 1BR,1BA | $1,176 |
| Seasons at Biltmore Lake Condominiums | Winter | 1BR,1BA | $1,200 |
| Ascent Apartment Homes | Daisy | 1BR,1BA | $1,224 |
Best Value Apartments for Rent in Balsam, NC and Nearby
As of June 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 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Artisan Living Mills River | Magnolia | 3BR,2.5BA | $1.36 |
| Belle Meadow | CHARLESTON | 4BR,3BA | $1.56 |
| Balsam Mountain Apartments | The Richland | 3BR,2BA | $1.17 |
| The Townes at Fountain Park | CLEMENT | 3BR,2.5BA | $1.50 |
| Flagship Western | 4x4 Flat - AY 2026 - 2027 | 4BR,4BA | $0.52 |
| Vetra Asheville | The Magnolia | 3BR,2BA | $1.31 |
| White Oak Grove Apartments | A2-1 | 2BR,2BA | $1.60 |
| 4214 West Apartments | Two bedroom | 2BR,1BA | $0.74 |
| Crowell Square | 1 Bedroom/1 Bath | 1BR,1BA | $1.44 |
| The Maples of Cullowhee | Two Bedroom | 2BR,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.
Read ArticleReal 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.
Read ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Balsam
What type of rentals are currently available in Balsam?
There are currently 50 Apartments for Rent in Balsam, NC with pricing that ranges from $625 to $3,992. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Balsam ranging from $1,020 to $3,450.
What is the current price range for Rental Homes in Balsam?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Balsam ranges from $1,020 to $3,450 with an average monthly rent of $1,884.
How much are larger Three and Four Bedroom Rentals in Balsam?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Balsam range from $740 to $3,043, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $625.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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.