City Report · NC

Asheville

Pop. 94,535·78th most expensive in North Carolina·Rental market data updated monthly for Asheville, NC
Median rent (all units)
$1,679/mo
Year-over-Year
-4.5%
Month-over-Month
-0.5%
vs US Median
-$283
Falling (Monthly)
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Most AffordableMost Expensive
Asheville · $1,679
More affordable than 63% of US cities · National median $1,962/mo
Rent Reality Score
81/100
Great value
OverheatedFairGreat value

Rents are 15% below what Asheville's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,679/mo
Expected by trend
$1,984/mo
The Rent Reality Score compares today's median rent to where Asheville's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,466
1 BR
$1,542
2 BR
$1,724
3 BR
$2,212
4 BR+
$2,918
Fair Market Rent (HUD)
$1,724/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,679 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$20,148/yr
At $1,679/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 4.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-4.5% YoY, -0.5% MoM), not inventory.
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Demographics

Who lives here

Asheville, NC is roughly split between renters and owners, has a large retiree population, 53.4% of residents hold a bachelor's degree or higher.

Population
94,535
Median income
$71,102
Median age
40.7
Renters
48.1%
Age distribution
14.8%
26.6%
26.9%
20.1%
Under 1814.8%
18–3426.6%
35–5426.9%
55–6411.6%
65+20.1%
Gender
48.8%
51.2%
Male48.8%
Female51.2%
Race & ethnicity
80.3%
White80.3%
Black8.2%
Hispanic6.6%
Asian1.1%
Other3.8%
Education (25+)
18%
22.7%
53.4%
No HS diploma5.9%
HS diploma18%
Some college22.7%
Bachelor's+53.4%
Housing tenure
51.9%
48.1%
Owner51.9%
Renter48.1%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Asheville, NC has changed in 5 years

Rent
$1,373 → $1,679
up 22.3%
Income
$58,193 → $71,102
up 22.2%
Population
93,272 → 94,535
up 1.4%
Renter share
49.4% → 48.1%
-1.3 pts
Bachelor's+
50.8% → 53.4%
+2.6 pts

Compared with 2021, rent in Asheville, NC has increased by $306 per month, settling near $1,679 after starting the period at $1,373. Household income in the area moved from $58,193 to $71,102 across the same window, up 22.2% versus 2021. Headcount in the area went from 93,272 to 94,535 between 2021 and 2024, a 1.4% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 50.8% to 53.4%. Reading these numbers side by side helps frame whether current listings in Asheville, NC look reasonable against where the market sat half a decade ago.

Community

Discussions about Asheville

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View Asheville rent history (2015–2026) →
Salary vs rent

Can you afford rent in Asheville on your salary?

At $1,679/mo, how Asheville rent compares to typical pay (30% rule).

By apartment size

Asheville rent by bedroom count

Median rent for each apartment size in Asheville. Click any size for full breakdown.

Local insights

Tips for renters in Asheville

About renting in Asheville, NC

Last updated: August 17, 2026

The median rent in Asheville is $1,679/mo as of August 2026. A studio apartment averages $1,466/mo while a 2-bedroom runs $1,724/mo. One-bedroom apartments average $1,542/mo and 3-bedroom units go for $2,212/mo.

At 28% of local median household income ($71,102/yr), Asheville ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.5% over the past year.

FAQ

Frequently asked questions

Is Asheville an affordable city for renters?

Asheville is considered affordable for renters. At $1,679/mo, rent takes approximately 28% of the local median household income ($71,102/yr). The standard benchmark is 30%. Asheville falls comfortably within that range.

How much income do you need to rent in Asheville?

To keep rent at or below 30% of gross income, you would need to earn at least $67,000/year (~$32/hour full-time) to afford the median rent of $1,679/mo in Asheville. The local median household income is $71,102/yr, meaning the typical Asheville household meets that threshold.

Is rent going up or down in Asheville?

Rent in Asheville has decreased 4.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

Which Asheville neighborhoods have the lowest rent?

The most affordable ZIP codes in Asheville are 28805 ($1,583/mo), 28803 ($1,634/mo), and 28804 ($1,654/mo). Citywide, the median rent in Asheville is $1,679/mo.

How does Asheville rent compare to other cities in North Carolina?

Asheville is middle-of-the-pack for North Carolina for rent, ranking #78 out of 128 tracked cities at $1,679/mo.

Which nearby cities are cheaper to rent in than Asheville?

Arden is nearby and more affordable at $1,569/mo, which is $110 less than Asheville.

What percentage of Asheville residents rent vs. own?

According to Census data, approximately 48.1% of Asheville households are renters, while 51.9% are owner-occupied. Asheville leans toward homeownership, which can mean a smaller rental inventory.

How does Asheville rent compare to the national average?

Asheville's median rent of $1,679/mo is $283 (14%) below the US national median of $1,962/mo. Within North Carolina, it ranks #78 out of 128 tracked cities.
Income Affordability
28%
AFFORDABLE

At $1,679/mo, rent takes ~28% of Asheville's median household income ($71,102/yr). The standard benchmark is 30%.

Asheville 28%Benchmark 30%
State income tax4.5%
Run the Asheville affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Asheville, NC

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