His charming 1 bedroom, 1 bathroom apartment is located in The Jefferson building on the corner of Merrimon Avenue and East Chestnut Street, close to downtown Asheville, grocery stores, local restaurants, shops, and everyday conveniences.
Inside, the apartment features an open floor plan with large windows that bring in great natural light throughout the space. The bathroom offers a bright feel and includes a large tub.
Monthly rent: $1,195. Security deposit, due upon approval: $1,195. Lease term: 12 months. Pet policy: Well behaved pets considered with additional pet fee and monthly pet rent.
Included utilities: Water, sewer, trash, and recycling. Tenant Responsible for: Electricity: Duke. Gas: Enbridge. Internet: Spectrum.
Amenities: Laundry: Shared coin laundry. AC: None. Window units permitted at tenant's expense. Heat: Wall heat. Parking: 1 off street parking spot.
Patton Allen Property Management residents are enrolled in the Resident Benefits Package (RBP) starting at $11.95/month which provides liability insurance. This fee is waived if the tenant provides evidence of their own sufficient coverage. Tenants also have the opportunity to upgrade their package to include: credit building to help boost the resident's credit score with timely rent payments, up to $1M Identity Theft Protection, HVAC air filter delivery for applicable properties, our best in class resident rewards program, on demand pest control, and much more. More details upon request or upon application.
This 1-bedroom, 1-bathroom apartment at 116 E Chestnut St #16 in Asheville, NC 28801 rents for $1,195 a month. It is pet friendly. 116 E Chestnut St #16 was advertised by Patton Allen Property Management on July 18, 2026.
How the Rent Compares
At $1,195 a month, this apartment is below the typical rent for 1-bedroom apartments and condos in Asheville (about $1,350).
Typical $1,350This home $1,195
$1,040$1,600
From 43 one-bedroom apartments and condos listed in Asheville on RentalSource in November 2026: the scale holds eight in ten of them, and the shaded band the middle half.
$1,350Typical rent for 1-bedroom apartments and condos in Asheville
The rent has dropped 3 times since it was listed on July 18, from $1,295 to $1,195.
Rent history for this home, newest first
Date
Event
Rent
Change
October 15, 2026
Price change
$1,195−2.4%
−2.4%
October 1, 2026
Price change
$1,225−2.0%
−2.0%
August 6, 2026
Price change
$1,250−3.5%
−3.5%
July 18, 2026
Listed for rent
$1,295
These are listed prices. What renters actually paid may have been different.
Affordability Calculator
Can I afford to live at 116 E Chestnut St #16?
Bedrooms
1 bedroom
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Recommended income
$47,800 /year
With your chosen rent-to-income ratio, an annual income of $47,800 is recommended to comfortably afford this 1-bedroom rental priced at $1,195 per month.
