Downtown Asheville, Asheville, NC Rental Market Trends
Last updated: February 25, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Downtown Asheville is $1,788, a 0.32% increase compared to the previous year, when the average rent was $1,783.
Studio Apartments at $1,491 offer the most budget-friendly option with 502 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 662 square feet for $1,569, balancing privacy and affordability.
Two-beedroom units at $2,376 offer 1,155 square feet, perfect for roommates or small families.
Average rent in Downtown Asheville, Asheville, NC
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,788 | 789 sq. ft. |
| Studio | $1,491 | 502 sq. ft. |
| 1 Bed | $1,569 | 662 sq. ft. |
| 2 Beds | $2,376 | 1,155 sq. ft. |
| 3 Beds | n/a | n/a |
Downtown Asheville, Asheville, NC rent trends
Rental prices in Downtown Asheville, Asheville, NC have increased by 0.32% over the past year. The average rent moved from $1,783 to $1,788.
What's the typical rent budget in Downtown Asheville, Asheville, NC?
The largest share of rentals in Downtown Asheville, Asheville, NC (51%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Downtown Asheville, Asheville, NC?
589 or 63% of the households in Downtown Asheville, Asheville, NC are renter-occupied while 341 or 37% are owner-occupied.
Most affordable neighborhoods in Downtown Asheville?
Hawthorne at Southside $1,629/month
Skyland Springs $1,639/month
Haw Creek $1,647/month
All of these neighborhoods fall below the city wide average of $1,684/month.Most expensive neighborhoods in Downtown Asheville?
Redwood Forest $1,786/month
Downtown Asheville $1,788/month
Brooks Estates $1,884/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Asheville, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Brooks Estates | $1,884 |
| Downtown Asheville | $1,788 |
| Redwood Forest | $1,786 |
| Malvern Hills | $1,786 |
| Haw Creek | $1,647 |
| Skyland Springs | $1,639 |
| Hawthorne at Southside | $1,629 |
Asheville | Rent Comparison by Neighborhood
Rent in Downtown Asheville is 5% lower than in Brooks Estates
Downtown Asheville rent is the same as Asheville average
Brooks Estates rent is 5% higher than Asheville average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Downtown Asheville apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.