Rents in Asheville up 5.4% over past month

Press release from

This month, our national rent index jumped another 2.1%, and rents are now up by a total of 15% since this time last year. Rent growth has cooled slightly from its July peak, but we’re still seeing significant price gains at a time when seasonality in the market normally causes a dip in rents.

Rents are still increasing in nearly all of the nation’s 100 largest cities, but with Boise, Idaho and Spokane, Washing marking notable exceptions where rents dipped this month. These markets have seen some of the nation’s fastest-growing rents over the past year, but it appears that they may have hit their peaks. Among the 100 largest cities, there are now just 5 remaining where rents are still below pre-pandemic levels.

For more analysis of the newest monthly data, check out our full October Rent Report.

Here are some highlights:

  • Rents in Asheville increased 5.4% month-over-month, compared to 2.1% nationally.
  • Year-over-year rent growth in Asheville currently stands at 28.3%, compared to -0.2% at this time last year.
  • Median rents in Asheville currently stand at $1,304 for a one-bedroom apartment and $1,729 for a two-bedroom.

Check out the full report here. And as a reminder, the full details of our rent estimate methodology are explained here.

About Community Bulletin
Mountain Xpress posts selected news and information of local interest as a public service for our readers. To submit press releases and other community material for possible publication, email

Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.