Charlotte, NC Rental Market Trends

Highlights

The average rent for an apartment in Charlotte is $1,187, a 4% increase compared to the previous year, when the average rent was $1,142.

Average Rent in Charlotte, NC

Last updated Jun 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,187	4%	0 sq. ft.

The average size for a Charlotte, NC apartment is 0 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Charlotte, NC Apartment Rent Ranges

$501-$7003%
$701-$1,00032%
$1,001-$1,50050%
$1,501-$2,00010%
> $2,0004%

Charlotte, NC Rent Trends

Average Rent	Jan / 2016	May / 2016	Sept / 2016	Jan / 2017	May / 2017	Sept / 2017	Jan / 2018	May / 2018	Sept / 2018	Jun / 2019
Charlotte, NC	$1,063	$1,094	$1,109	$1,099	$1,137	$1,142	$1,142	$1,142	$1,179	$1,187
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396	$1,430

Average Rent in Charlotte, NC By Neighborhood

Average Rent
Neighborhood	Average Rent
Woodbury	$879
Turtle Rock	$879
Shannon Park	$879
Robinson Church Road	$879
Oak Forest	$879
Lakeland Hills	$879
Hickory Grove	$879
Cedarbrook Acres	$879
Bradfield Farms	$879
Avensong	$879
Farm Pond	$892
Eastland - Wilora Lake	$892
North Sharon Amity - Reddman Road	$897
Idlewild	$897
Hickory Ridge	$901
East Forest	$905
Westover Hills	$908
Westerly Hills	$908
Westchester	$908
West Bolevard	$908
Wesley Heights	$908
Toddville Road	$908
Todd Park	$908
Smallwood	$908
Seversville	$908
Revolution Park	$908
Reid Park	$908
Ponderosa - Wingate	$908
Pinecrest	$908
Lakewood	$908
Jackson Homes	$908
Enderly Park	$908
Capitol Drive	$908
Boulevard Homes	$908
Ashley Park	$908
Arbor Glen	$908
Waterleaf	$927
Sherwood Forest	$927
Pleasant Valley	$927
Persimmon Creek	$927
Park Walk	$927
Morris Farms	$927
Mint Hill Estates	$927
McGregor	$927
Marlwood	$927
Clear Meadow	$927
Clear Creek	$927
Butterfield	$927
Bent Creek	$927
Becton Park	$927
Arlington Forest	$927
Eastway - Sheffield Park	$976
Tryon Hills	$992
Sugaw Creek - Ritch Avenue	$992
Lockwood	$992
J.T. Williams	$992
Greenville	$992
Genesis Park	$992
Druid Hills	$992
Double Oaks	$992
Windsor Park	$1,005
Charlotte Douglas International Airport	$1,011
Eagle Lake	$1,020
Optimist Park	$1,052
Villa Heights	$1,061
Plaza Midwood	$1,061
Plaza Hills	$1,061
Plaza - Shamrock	$1,061
Oakhurst	$1,061
North Charlotte	$1,061
Echo Hills	$1,061
Country Club Heights	$1,061
Commonwealth	$1,061
Coliseum Drive	$1,061
Chantilly	$1,061
Briarcreek - Woodland	$1,061
Thomasboro - Hoskins	$1,067
York Road	$1,073
Clanton Park - Roseland	$1,073
Wessex Square	$1,084
Park Ridge	$1,084
Olde Providence South	$1,084
Olde Providence North	$1,084
Mountainbrook	$1,084
Montibello	$1,084
McAlpine	$1,084
Governor's Square	$1,084
Hampshire Hills	$1,089
Back Creek Church Road	$1,089
Carmel	$1,091
Starmount	$1,095
Sharonbrook	$1,095
Sharon Woods	$1,095
Seven Eagles	$1,095
Quail Hollow	$1,095
Park Crossing	$1,095
Beverly Woods	$1,095
Yorkmount	$1,105
Montclaire South	$1,105
Rockwell Park - Hemphill Heights	$1,117
Prosperity Church Road	$1,117
Nevin Community	$1,117
Highland Creek	$1,117
Henderson Circle	$1,117
Derita - Statesville	$1,117
Davis Lake - Eastfield	$1,117
Wilson Heights	$1,119
Slater Road - Hamilton Circle	$1,119
Northlake	$1,119
Beatties Ford - Trinity	$1,119
Washington Heights	$1,120
University Park	$1,120
Sunset Road	$1,120
Oakview Terrance	$1,120
Oaklawn	$1,120
Oakdale	$1,120
Mountain Island	$1,120
McCrorey Heights	$1,120
Lincoln Heights	$1,120
Firestone - Garden Park	$1,120
Biddleville	$1,120
Belmont	$1,139
Yorkshire	$1,141
Olde Whitehall	$1,141
Griers Fork	$1,141
Brown Road	$1,141
Montclaire - Madison Park	$1,146
Steele Creek	$1,155
Grier Heights	$1,187
Newell	$1,195
Hidden Valley	$1,195
College Downs	$1,195
Woody Point Acres	$1,203
Withers Grove	$1,203
Wiltshire Manor	$1,203
Waterlyn	$1,203
The Sanctuary	$1,203
The Palisades	$1,203
Stowe Creek	$1,203
Steelecroft Place	$1,203
Steele Creek Landing	$1,203
Riverpointe	$1,203
River Oaks	$1,203
Planters Walk	$1,203
Neely Glen	$1,203
Montreux	$1,203
McDowell Place	$1,203
Hartwell	$1,203
Harbor Oaks	$1,203
Falcon Ridge	$1,203
Dixie - Berryhill	$1,203
Creekshire Estates	$1,203
Charlotte Pines	$1,203
Berewick	$1,203
Asheford Woods	$1,203
Sardis	$1,217
Providence Plantation	$1,217
Oxford Hunt	$1,217
Lansdowne	$1,217
Hembstead	$1,217
Sedgefield	$1,223
Colonial Village	$1,223
Collingwood	$1,223
Ashbrook - Clawson Village	$1,223
Withrow Downs	$1,231
University City South	$1,231
University City North	$1,231
Mineral Springs - Rumble Road	$1,231
Mill Creek	$1,231
Maplewood	$1,231
Mallard Woods	$1,231
Mallard Lake	$1,231
Lexington	$1,231
Homewood Acres	$1,231
Harris - Houston	$1,231
Fountaingrove	$1,231
Claybrooke	$1,231
Arbor Hills	$1,231
Southside Park	$1,285
Barclay Downs	$1,309
Wilmore	$1,310
Myers Park	$1,313
Whiteoak	$1,317
Touchstone Village - Elm Lane	$1,317
Stone Creek Ranch	$1,317
Rain Tree	$1,317
Provincetowne	$1,317
Providence Crossing	$1,317
Piper Glen Estates	$1,317
Ballantyne	$1,317
Wendover - Sedgewood	$1,392
Stonehaven	$1,392
Sherwood Forest	$1,392
Providence Park	$1,392
Foxcroft	$1,392
Cotswold	$1,392
Freedom Park	$1,396
Elizabeth	$1,476
Cherry	$1,476
Dilworth	$1,508
Brookhill	$1,526
The South End	$1,645
Uptown Charlotte	$1,747
Eastover	$1,904

The most affordable neighborhoods in Charlotte are Avensong, where the average rent goes for $879/month, Bradfield Farms, where renters pay $879/mo on average, and Cedarbrook Acres, where the average rent goes for $879/mo. If you’re looking for other great deals, check out the listings from Hickory Grove ($879), Lakeland Hills ($879), and Oak Forest ($879), where the asking prices are below the average Charlotte rent of $1,187/mo.

The most expensive neighborhoods in Charlotte are The South End ($1,645), Uptown Charlotte ($1,747) and Eastover ($1,904).

Charlotte | Rent Comparison by Neighborhood

Rent in Arbor Glen is 26% lower than in Arbor Hills

$908

Arbor Glen rent is 23% lower than Charlotte average

Average Rent	$908

$1,231

Arbor Hills rent is 4% higher than Charlotte average

Average Rent	$1,231

How Does Charlotte Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Charlotte	$1,187	4%
Matthews	$1,118	3%

For more information about the Charlotte rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Charlotte apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.