Asheville vs Lynchburg
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lynchburg is 53% cheaper for renters. A 2-bedroom rents for $721/mo vs $1,106/mo in Asheville — saving $4,620/year.
Rent by Unit Size
| Unit Size | Asheville | Lynchburg | Difference |
|---|---|---|---|
| Studio | $689 | $494 | $195 |
| 1 Bedroom | $875 | $589 | $286 |
| 2 Bedrooms | $1,106 | $721 | $385 |
| 3 Bedrooms | $1,316 | $933 | $383 |
| 4 Bedrooms | $1,577 | $1,024 | $553 |
| Median Income | $64,400 | $37,857 | $26,543 |
Asheville
- Studio
- $689/mo
- 1 BR
- $875/mo
- 2 BR
- $1,106/mo
- 3 BR
- $1,316/mo
- 4 BR
- $1,577/mo
- Median Income
- $64,400/yr
Lynchburg
- Studio
- $494/mo
- 1 BR
- $589/mo
- 2 BR
- $721/mo
- 3 BR
- $933/mo
- 4 BR
- $1,024/mo
- Median Income
- $37,857/yr
Frequently Asked Questions
Is Asheville or Lynchburg cheaper to rent in?
Lynchburg is cheaper — a 2-bedroom Fair Market Rent is $721/mo vs $1,106/mo in Asheville. That's $385/mo or $4,620/year more expensive in Asheville (53% higher).
What is the 2-bedroom rent in Asheville vs Lynchburg?
The HUD Fair Market Rent for a 2-bedroom in Asheville is $1,106/month. In Lynchburg, a 2-bedroom FMR is $721/month.
How do incomes compare between Asheville and Lynchburg?
The median household income in Asheville is $64,400/year. In Lynchburg it is $37,857/year. Asheville has the higher median income.
What is the studio rent in Asheville vs Lynchburg?
A studio apartment Fair Market Rent in Asheville is $689/mo. In Lynchburg it is $494/mo.