Charlotte, NC Rental Market Trends

Highlights

The average rent for an apartment in Charlotte is $1,179, a 3% increase compared to the previous year, when the average rent was $1,142.

Average Rent in Charlotte, NC

Last updated Apr 2019

Average Rent	Y-o-Y Change	Average Apartment Size
$1,179	3%	944 sq. ft.

The average size for a Charlotte, NC apartment is 944 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-$7004%
$701-$1,00033%
$1,001-$1,50049%
$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	Apr / 2019
Charlotte, NC	$1,063	$1,094	$1,109	$1,099	$1,137	$1,142	$1,142	$1,142	$1,179
National	$1,290	$1,319	$1,334	$1,329	$1,354	$1,366	$1,366	$1,381	$1,396

Average Rent in Charlotte, NC By Neighborhood

Average Rent
Neighborhood	Average Rent
Woodbury	$857
Turtle Rock	$857
Shannon Park	$857
Robinson Church Road	$857
Oak Forest	$857
Lakeland Hills	$857
Hickory Grove	$857
Cedarbrook Acres	$857
Bradfield Farms	$857
Avensong	$857
Farm Pond	$888
Eastland - Wilora Lake	$888
Westover Hills	$898
Westerly Hills	$898
Westchester	$898
West Bolevard	$898
Wesley Heights	$898
Toddville Road	$898
Todd Park	$898
Smallwood	$898
Seversville	$898
Revolution Park	$898
Reid Park	$898
Ponderosa - Wingate	$898
Pinecrest	$898
Lakewood	$898
Jackson Homes	$898
Enderly Park	$898
Capitol Drive	$898
Boulevard Homes	$898
Ashley Park	$898
Arbor Glen	$898
North Sharon Amity - Reddman Road	$900
Idlewild	$900
Hickory Ridge	$900
East Forest	$912
Waterleaf	$950
Sherwood Forest	$950
Pleasant Valley	$950
Persimmon Creek	$950
Park Walk	$950
Morris Farms	$950
Mint Hill Estates	$950
McGregor	$950
Marlwood	$950
Clear Meadow	$950
Clear Creek	$950
Butterfield	$950
Bent Creek	$950
Becton Park	$950
Arlington Forest	$950
Eastway - Sheffield Park	$971
Tryon Hills	$989
Sugaw Creek - Ritch Avenue	$989
Lockwood	$989
J.T. Williams	$989
Greenville	$989
Genesis Park	$989
Druid Hills	$989
Double Oaks	$989
Windsor Park	$993
Charlotte Douglas International Airport	$996
Eagle Lake	$1,018
Optimist Park	$1,045
Hampshire Hills	$1,053
Back Creek Church Road	$1,053
Villa Heights	$1,054
Plaza Midwood	$1,054
Plaza Hills	$1,054
Plaza - Shamrock	$1,054
Oakhurst	$1,054
North Charlotte	$1,054
Echo Hills	$1,054
Country Club Heights	$1,054
Commonwealth	$1,054
Coliseum Drive	$1,054
Chantilly	$1,054
Briarcreek - Woodland	$1,054
Thomasboro - Hoskins	$1,060
York Road	$1,072
Clanton Park - Roseland	$1,072
Starmount	$1,086
Sharonbrook	$1,086
Sharon Woods	$1,086
Seven Eagles	$1,086
Quail Hollow	$1,086
Park Crossing	$1,086
Beverly Woods	$1,086
Carmel	$1,091
Wessex Square	$1,102
Park Ridge	$1,102
Olde Providence South	$1,102
Olde Providence North	$1,102
Mountainbrook	$1,102
Montibello	$1,102
McAlpine	$1,102
Governor's Square	$1,102
Rockwell Park - Hemphill Heights	$1,104
Prosperity Church Road	$1,104
Nevin Community	$1,104
Highland Creek	$1,104
Henderson Circle	$1,104
Derita - Statesville	$1,104
Davis Lake - Eastfield	$1,104
Yorkmount	$1,105
Montclaire South	$1,105
Wilson Heights	$1,108
Slater Road - Hamilton Circle	$1,108
Northlake	$1,108
Beatties Ford - Trinity	$1,108
Washington Heights	$1,111
University Park	$1,111
Sunset Road	$1,111
Oakview Terrance	$1,111
Oaklawn	$1,111
Oakdale	$1,111
Mountain Island	$1,111
McCrorey Heights	$1,111
Lincoln Heights	$1,111
Firestone - Garden Park	$1,111
Biddleville	$1,111
Belmont	$1,127
Montclaire - Madison Park	$1,140
Yorkshire	$1,143
Olde Whitehall	$1,143
Griers Fork	$1,143
Brown Road	$1,143
Steele Creek	$1,149
Newell	$1,153
Hidden Valley	$1,153
College Downs	$1,153
Woody Point Acres	$1,171
Withers Grove	$1,171
Wiltshire Manor	$1,171
Waterlyn	$1,171
The Sanctuary	$1,171
The Palisades	$1,171
Stowe Creek	$1,171
Steelecroft Place	$1,171
Steele Creek Landing	$1,171
Riverpointe	$1,171
River Oaks	$1,171
Planters Walk	$1,171
Neely Glen	$1,171
Montreux	$1,171
McDowell Place	$1,171
Hartwell	$1,171
Harbor Oaks	$1,171
Falcon Ridge	$1,171
Dixie - Berryhill	$1,171
Creekshire Estates	$1,171
Charlotte Pines	$1,171
Berewick	$1,171
Asheford Woods	$1,171
Grier Heights	$1,176
Sardis	$1,180
Providence Plantation	$1,180
Oxford Hunt	$1,180
Lansdowne	$1,180
Hembstead	$1,180
Withrow Downs	$1,221
University City South	$1,221
University City North	$1,221
Mineral Springs - Rumble Road	$1,221
Mill Creek	$1,221
Maplewood	$1,221
Mallard Woods	$1,221
Mallard Lake	$1,221
Lexington	$1,221
Homewood Acres	$1,221
Harris - Houston	$1,221
Fountaingrove	$1,221
Claybrooke	$1,221
Arbor Hills	$1,221
Sedgefield	$1,222
Colonial Village	$1,222
Collingwood	$1,222
Ashbrook - Clawson Village	$1,222
Southside Park	$1,282
Barclay Downs	$1,301
Myers Park	$1,308
Wilmore	$1,310
Whiteoak	$1,336
Touchstone Village - Elm Lane	$1,336
Stone Creek Ranch	$1,336
Rain Tree	$1,336
Provincetowne	$1,336
Providence Crossing	$1,336
Piper Glen Estates	$1,336
Ballantyne	$1,336
Wendover - Sedgewood	$1,379
Stonehaven	$1,379
Sherwood Forest	$1,379
Providence Park	$1,379
Foxcroft	$1,379
Cotswold	$1,379
Freedom Park	$1,393
Elizabeth	$1,451
Cherry	$1,451
Dilworth	$1,496
Brookhill	$1,522
The South End	$1,638
Uptown Charlotte	$1,738
Eastover	$2,171

The most affordable neighborhoods in Charlotte are Avensong, where the average rent goes for $857/month, Bradfield Farms, where renters pay $857/mo on average, and Cedarbrook Acres, where the average rent goes for $857/mo. If you’re looking for other great deals, check out the listings from Hickory Grove ($857), Lakeland Hills ($857), and Oak Forest ($857), where the asking prices are below the average Charlotte rent of $1,179/mo.

The most expensive neighborhoods in Charlotte are The South End ($1,638), Uptown Charlotte ($1,738) and Eastover ($2,171).

Charlotte | Rent Comparison by Neighborhood

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

$898

Arbor Glen rent is 24% lower than Charlotte average

Average Rent	$898

$1,221

Arbor Hills rent is 4% higher than Charlotte average

Average Rent	$1,221

How Does Charlotte Compare to Nearby Cities

	Average Rent	Y-o-Y Change
Charlotte	$1,179	3%
Matthews	$1,154	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.