Charlotte, NC Rental Market Trends
What is the average rent in Charlotte?
The average rent for an apartment in Charlotte is $1,293, a 2% increase compared to the previous year.
Average Rent in Charlotte, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,293 | 2% | 942 sq. ft. |
What is the average apartment size in Charlotte?
The average size for a Charlotte, NC apartment is 942 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$7001%
- $701-$1,00020%
- $1,001-$1,50059%
- $1,501-$2,00014%
- > $2,0005%
Charlotte, NC Occupied Housing Units
- Renter-occupied Households41%
- Owner-occupied Households58%
136,186 or 41% of the households in Charlotte, NC are renter-occupied while 194,205 or 58% are owner-occupied.
Charlotte, NC Rent Trends
| Average Rent | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Feb / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charlotte, NC | $1,145 | $1,146 | $1,186 | $1,183 | $1,191 | $1,242 | $1,246 | $1,265 | $1,265 | $1,286 | $1,293 |
| National | $1,317 | $1,348 | $1,357 | $1,361 | $1,393 | $1,400 | $1,401 | $1,391 | $1,393 | $1,399 |
Average Rent in Charlotte, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Eastover | $1,961 |
| Uptown Charlotte | $1,697 |
| The South End | $1,656 |
| Brookhill | $1,604 |
| Dilworth | $1,555 |
| Cotswold | $1,541 |
| Foxcroft | $1,541 |
| Providence Park | $1,541 |
| Stonehaven | $1,541 |
| Wendover - Sedgewood | $1,541 |
| Sherwood Forest | $1,507 |
| Freedom Park | $1,465 |
| Cherry | $1,452 |
| Elizabeth | $1,452 |
| Ballantyne | $1,430 |
| Piper Glen Estates | $1,430 |
| Providence Crossing | $1,430 |
| Provincetowne | $1,430 |
| Rain Tree | $1,430 |
| Stone Creek Ranch | $1,430 |
| Touchstone Village - Elm Lane | $1,430 |
| Whiteoak | $1,430 |
| Myers Park | $1,418 |
| Barclay Downs | $1,415 |
| Wilmore | $1,400 |
| Southside Park | $1,371 |
| College Downs | $1,352 |
| Hidden Valley | $1,352 |
| Newell | $1,352 |
| Hembstead | $1,340 |
| Lansdowne | $1,340 |
| Oxford Hunt | $1,340 |
| Providence Plantation | $1,340 |
| Sardis | $1,340 |
| Arbor Hills | $1,331 |
| Claybrooke | $1,331 |
| Fountaingrove | $1,331 |
| Harris - Houston | $1,331 |
| Homewood Acres | $1,331 |
| Lexington | $1,331 |
| Mallard Lake | $1,331 |
| Mallard Woods | $1,331 |
| Maplewood | $1,331 |
| Mill Creek | $1,331 |
| Mineral Springs - Rumble Road | $1,331 |
| University City North | $1,331 |
| University City South | $1,331 |
| Withrow Downs | $1,331 |
| Asheford Woods | $1,322 |
| Berewick | $1,322 |
| Charlotte Pines | $1,322 |
| Creekshire Estates | $1,322 |
| Dixie - Berryhill | $1,322 |
| Falcon Ridge | $1,322 |
| Harbor Oaks | $1,322 |
| Hartwell | $1,322 |
| McDowell Place | $1,322 |
| Montreux | $1,322 |
| Neely Glen | $1,322 |
| Planters Walk | $1,322 |
| River Oaks | $1,322 |
| Riverpointe | $1,322 |
| Steele Creek Landing | $1,322 |
| Steelecroft Place | $1,322 |
| Stowe Creek | $1,322 |
| The Palisades | $1,322 |
| The Sanctuary | $1,322 |
| Waterlyn | $1,322 |
| Wiltshire Manor | $1,322 |
| Withers Grove | $1,322 |
| Woody Point Acres | $1,322 |
| Ashbrook - Clawson Village | $1,310 |
| Collingwood | $1,310 |
| Colonial Village | $1,310 |
| Sedgefield | $1,310 |
| Grier Heights | $1,308 |
| Double Oaks | $1,265 |
| Druid Hills | $1,265 |
| Genesis Park | $1,265 |
| Greenville | $1,265 |
| J.T. Williams | $1,265 |
| Lockwood | $1,265 |
| Sugaw Creek - Ritch Avenue | $1,265 |
| Tryon Hills | $1,265 |
| Steele Creek | $1,261 |
| Belmont | $1,247 |
| Davis Lake - Eastfield | $1,240 |
| Derita - Statesville | $1,240 |
| Henderson Circle | $1,240 |
| Highland Creek | $1,240 |
| Nevin Community | $1,240 |
| Prosperity Church Road | $1,240 |
| Rockwell Park - Hemphill Heights | $1,240 |
| Beatties Ford - Trinity | $1,238 |
| Northlake | $1,238 |
| Slater Road - Hamilton Circle | $1,238 |
| Wilson Heights | $1,238 |
| Back Creek Church Road | $1,237 |
| Hampshire Hills | $1,237 |
| Brown Road | $1,237 |
| Griers Fork | $1,237 |
| Olde Whitehall | $1,237 |
| Yorkshire | $1,237 |
| Montclaire - Madison Park | $1,235 |
| Biddleville | $1,235 |
| Firestone - Garden Park | $1,235 |
| Lincoln Heights | $1,235 |
| McCrorey Heights | $1,235 |
| Mountain Island | $1,235 |
| Oakdale | $1,235 |
| Oaklawn | $1,235 |
| Oakview Terrance | $1,235 |
| Sunset Road | $1,235 |
| University Park | $1,235 |
| Washington Heights | $1,235 |
| Governor's Square | $1,204 |
| McAlpine | $1,204 |
| Montibello | $1,204 |
| Mountainbrook | $1,204 |
| Olde Providence North | $1,204 |
| Olde Providence South | $1,204 |
| Park Ridge | $1,204 |
| Wessex Square | $1,204 |
| Optimist Park | $1,202 |
| Montclaire South | $1,192 |
| Yorkmount | $1,192 |
| Carmel | $1,185 |
| Briarcreek - Woodland | $1,185 |
| Chantilly | $1,185 |
| Coliseum Drive | $1,185 |
| Commonwealth | $1,185 |
| Country Club Heights | $1,185 |
| Echo Hills | $1,185 |
| North Charlotte | $1,185 |
| Oakhurst | $1,185 |
| Plaza - Shamrock | $1,185 |
| Plaza Hills | $1,185 |
| Plaza Midwood | $1,185 |
| Villa Heights | $1,185 |
| Beverly Woods | $1,174 |
| Park Crossing | $1,174 |
| Quail Hollow | $1,174 |
| Seven Eagles | $1,174 |
| Sharon Woods | $1,174 |
| Sharonbrook | $1,174 |
| Starmount | $1,174 |
| Thomasboro - Hoskins | $1,169 |
| Charlotte Douglas International Airport | $1,167 |
| Clanton Park - Roseland | $1,150 |
| York Road | $1,150 |
| Windsor Park | $1,130 |
| Eagle Lake | $1,121 |
| Arlington Forest | $1,105 |
| Becton Park | $1,105 |
| Bent Creek | $1,105 |
| Butterfield | $1,105 |
| Clear Creek | $1,105 |
| Clear Meadow | $1,105 |
| Marlwood | $1,105 |
| McGregor | $1,105 |
| Mint Hill Estates | $1,105 |
| Morris Farms | $1,105 |
| Park Walk | $1,105 |
| Persimmon Creek | $1,105 |
| Pleasant Valley | $1,105 |
| Sherwood Forest | $1,105 |
| Waterleaf | $1,105 |
| Eastway - Sheffield Park | $1,097 |
| Arbor Glen | $1,072 |
| Ashley Park | $1,072 |
| Boulevard Homes | $1,072 |
| Capitol Drive | $1,072 |
| Enderly Park | $1,072 |
| Jackson Homes | $1,072 |
| Lakewood | $1,072 |
| Pinecrest | $1,072 |
| Ponderosa - Wingate | $1,072 |
| Reid Park | $1,072 |
| Revolution Park | $1,072 |
| Seversville | $1,072 |
| Smallwood | $1,072 |
| Todd Park | $1,072 |
| Toddville Road | $1,072 |
| Wesley Heights | $1,072 |
| West Bolevard | $1,072 |
| Westchester | $1,072 |
| Westerly Hills | $1,072 |
| Westover Hills | $1,072 |
| Hickory Ridge | $1,046 |
| East Forest | $1,035 |
| Idlewild | $1,009 |
| North Sharon Amity - Reddman Road | $1,009 |
| Eastland - Wilora Lake | $1,003 |
| Farm Pond | $1,003 |
| Avensong | $988 |
| Bradfield Farms | $988 |
| Cedarbrook Acres | $988 |
| Hickory Grove | $988 |
| Lakeland Hills | $988 |
| Oak Forest | $988 |
| Robinson Church Road | $988 |
| Shannon Park | $988 |
| Turtle Rock | $988 |
| Woodbury | $988 |
What are the most affordable neighborhoods in Charlotte?
The most affordable neighborhoods in Charlotte are Avensong, where the average rent goes for $988/month, Bradfield Farms, where renters pay $988/mo on average, and Cedarbrook Acres, where the average rent goes for $988/mo. If you’re looking for other great deals, check out the listings from Hickory Grove ($988), Lakeland Hills ($988), and Oak Forest ($988), where the asking prices are below the average Charlotte rent of $1,293/mo.
What are the most expensive neighborhoods in Charlotte?
The most expensive neighborhoods in Charlotte are The South End ($1,656), Uptown Charlotte ($1,697) and Eastover ($1,961).
What are the most popular neighborhoods in Charlotte?
The most popular neighborhood in Charlotte is Cedarbrook Acres, where there are 11 verified RENTCafé listings with an average rent of $988. Next up is Plaza Midwood, where apartments go for $1,185/month, followed by Prosperity Church Road with $1,240 If you’re looking to rent in Charlotte’s most popular neighborhoods, make sure to also check out Highland Creek, where renters pay $1,240 on average, and Uptown Charlotte, where the average monthly rent is $1,697.
Charlotte | Rent Comparison by Neighborhood
Rent in Arbor Glen is 19% lower than in Arbor Hills
Arbor Glen rent is 17% lower than Charlotte average
| Average Rent | $1,072 |
|---|
Arbor Hills rent is 3% higher than Charlotte average
| Average Rent | $1,331 |
|---|
How Charlotte Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,293 | 2% |
| Raleigh | $1,269 | 1% |
| Winston - Salem | $952 | 6% |
| Durham | $1,217 | 2% |
| Greensboro | $987 | 7% |
| Wilmington | $1,231 | 4% |
| Mooresville | $1,226 | 8% |
| Concord | $1,160 | 5% |
| Matthews | $1,255 | 3% |
| Huntersville | $1,322 | 7% |
| Monroe | $884 | -2% |