Charlotte, NC Rental Market Trends
Highlights
The average rent for an apartment in Charlotte is $1,259, a 6% increase compared to the previous year.
Average Rent in Charlotte, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,259 | 6% | 940 sq. ft. |
The average size for a Charlotte, NC apartment is 940 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-$1,00026%
- $1,001-$1,50055%
- $1,501-$2,00013%
- > $2,0005%
Charlotte, NC Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
131,293 or 40% of the households in Charlotte, NC are renter-occupied while 192,416 or 59% are owner-occupied.
Charlotte, NC Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charlotte, NC | $1,113 | $1,105 | $1,137 | $1,145 | $1,146 | $1,186 | $1,183 | $1,191 | $1,242 | $1,246 | $1,259 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Charlotte, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodbury | $913 |
| Turtle Rock | $913 |
| Shannon Park | $913 |
| Robinson Church Road | $913 |
| Oak Forest | $913 |
| Lakeland Hills | $913 |
| Hickory Grove | $913 |
| Cedarbrook Acres | $913 |
| Bradfield Farms | $913 |
| Avensong | $913 |
| Hickory Ridge | $940 |
| Farm Pond | $947 |
| Eastland - Wilora Lake | $947 |
| North Sharon Amity - Reddman Road | $960 |
| Idlewild | $960 |
| East Forest | $963 |
| Waterleaf | $971 |
| Sherwood Forest | $971 |
| Pleasant Valley | $971 |
| Persimmon Creek | $971 |
| Park Walk | $971 |
| Morris Farms | $971 |
| Mint Hill Estates | $971 |
| McGregor | $971 |
| Marlwood | $971 |
| Clear Meadow | $971 |
| Clear Creek | $971 |
| Butterfield | $971 |
| Bent Creek | $971 |
| Becton Park | $971 |
| Arlington Forest | $971 |
| Westover Hills | $1,014 |
| Westerly Hills | $1,014 |
| Westchester | $1,014 |
| West Bolevard | $1,014 |
| Wesley Heights | $1,014 |
| Toddville Road | $1,014 |
| Todd Park | $1,014 |
| Smallwood | $1,014 |
| Seversville | $1,014 |
| Revolution Park | $1,014 |
| Reid Park | $1,014 |
| Ponderosa - Wingate | $1,014 |
| Pinecrest | $1,014 |
| Lakewood | $1,014 |
| Jackson Homes | $1,014 |
| Enderly Park | $1,014 |
| Capitol Drive | $1,014 |
| Boulevard Homes | $1,014 |
| Ashley Park | $1,014 |
| Arbor Glen | $1,014 |
| Eastway - Sheffield Park | $1,044 |
| Windsor Park | $1,070 |
| Eagle Lake | $1,092 |
| Charlotte Douglas International Airport | $1,103 |
| Thomasboro - Hoskins | $1,121 |
| Villa Heights | $1,136 |
| Plaza Midwood | $1,136 |
| Plaza Hills | $1,136 |
| Plaza - Shamrock | $1,136 |
| Oakhurst | $1,136 |
| North Charlotte | $1,136 |
| Echo Hills | $1,136 |
| Country Club Heights | $1,136 |
| Commonwealth | $1,136 |
| Coliseum Drive | $1,136 |
| Chantilly | $1,136 |
| Briarcreek - Woodland | $1,136 |
| York Road | $1,137 |
| Clanton Park - Roseland | $1,137 |
| Wessex Square | $1,138 |
| Park Ridge | $1,138 |
| Olde Providence South | $1,138 |
| Olde Providence North | $1,138 |
| Mountainbrook | $1,138 |
| Montibello | $1,138 |
| McAlpine | $1,138 |
| Governor's Square | $1,138 |
| Carmel | $1,148 |
| Starmount | $1,154 |
| Sharonbrook | $1,154 |
| Sharon Woods | $1,154 |
| Seven Eagles | $1,154 |
| Quail Hollow | $1,154 |
| Park Crossing | $1,154 |
| Beverly Woods | $1,154 |
| Optimist Park | $1,154 |
| Hampshire Hills | $1,166 |
| Back Creek Church Road | $1,166 |
| Yorkmount | $1,166 |
| Montclaire South | $1,166 |
| Rockwell Park - Hemphill Heights | $1,170 |
| Prosperity Church Road | $1,170 |
| Nevin Community | $1,170 |
| Highland Creek | $1,170 |
| Henderson Circle | $1,170 |
| Derita - Statesville | $1,170 |
| Davis Lake - Eastfield | $1,170 |
| Wilson Heights | $1,182 |
| Slater Road - Hamilton Circle | $1,182 |
| Northlake | $1,182 |
| Beatties Ford - Trinity | $1,182 |
| Washington Heights | $1,196 |
| University Park | $1,196 |
| Sunset Road | $1,196 |
| Oakview Terrance | $1,196 |
| Oaklawn | $1,196 |
| Oakdale | $1,196 |
| Mountain Island | $1,196 |
| McCrorey Heights | $1,196 |
| Lincoln Heights | $1,196 |
| Firestone - Garden Park | $1,196 |
| Biddleville | $1,196 |
| Yorkshire | $1,198 |
| Olde Whitehall | $1,198 |
| Griers Fork | $1,198 |
| Brown Road | $1,198 |
| Steele Creek | $1,213 |
| Montclaire - Madison Park | $1,219 |
| Tryon Hills | $1,237 |
| Sugaw Creek - Ritch Avenue | $1,237 |
| Lockwood | $1,237 |
| J.T. Williams | $1,237 |
| Greenville | $1,237 |
| Genesis Park | $1,237 |
| Druid Hills | $1,237 |
| Double Oaks | $1,237 |
| Belmont | $1,240 |
| Woody Point Acres | $1,254 |
| Withers Grove | $1,254 |
| Wiltshire Manor | $1,254 |
| Waterlyn | $1,254 |
| The Sanctuary | $1,254 |
| The Palisades | $1,254 |
| Stowe Creek | $1,254 |
| Steelecroft Place | $1,254 |
| Steele Creek Landing | $1,254 |
| Riverpointe | $1,254 |
| River Oaks | $1,254 |
| Planters Walk | $1,254 |
| Neely Glen | $1,254 |
| Montreux | $1,254 |
| McDowell Place | $1,254 |
| Hartwell | $1,254 |
| Harbor Oaks | $1,254 |
| Falcon Ridge | $1,254 |
| Dixie - Berryhill | $1,254 |
| Creekshire Estates | $1,254 |
| Charlotte Pines | $1,254 |
| Berewick | $1,254 |
| Asheford Woods | $1,254 |
| Grier Heights | $1,265 |
| Sardis | $1,279 |
| Providence Plantation | $1,279 |
| Oxford Hunt | $1,279 |
| Lansdowne | $1,279 |
| Hembstead | $1,279 |
| Newell | $1,288 |
| Hidden Valley | $1,288 |
| College Downs | $1,288 |
| Withrow Downs | $1,293 |
| University City South | $1,293 |
| University City North | $1,293 |
| Mineral Springs - Rumble Road | $1,293 |
| Mill Creek | $1,293 |
| Maplewood | $1,293 |
| Mallard Woods | $1,293 |
| Mallard Lake | $1,293 |
| Lexington | $1,293 |
| Homewood Acres | $1,293 |
| Harris - Houston | $1,293 |
| Fountaingrove | $1,293 |
| Claybrooke | $1,293 |
| Arbor Hills | $1,293 |
| Sedgefield | $1,309 |
| Colonial Village | $1,309 |
| Collingwood | $1,309 |
| Ashbrook - Clawson Village | $1,309 |
| Southside Park | $1,365 |
| Wilmore | $1,383 |
| Whiteoak | $1,387 |
| Touchstone Village - Elm Lane | $1,387 |
| Stone Creek Ranch | $1,387 |
| Rain Tree | $1,387 |
| Provincetowne | $1,387 |
| Providence Crossing | $1,387 |
| Piper Glen Estates | $1,387 |
| Ballantyne | $1,387 |
| Barclay Downs | $1,402 |
| Myers Park | $1,408 |
| Freedom Park | $1,478 |
| Wendover - Sedgewood | $1,507 |
| Stonehaven | $1,507 |
| Sherwood Forest | $1,507 |
| Providence Park | $1,507 |
| Foxcroft | $1,507 |
| Cotswold | $1,507 |
| Elizabeth | $1,577 |
| Cherry | $1,577 |
| Dilworth | $1,595 |
| Brookhill | $1,609 |
| The South End | $1,702 |
| Uptown Charlotte | $1,778 |
| Eastover | $2,176 |
The most affordable neighborhoods in Charlotte are Avensong, where the average rent goes for $913/month, Bradfield Farms, where renters pay $913/mo on average, and Cedarbrook Acres, where the average rent goes for $913/mo. If you’re looking for other great deals, check out the listings from Hickory Grove ($913), Lakeland Hills ($913), and Oak Forest ($913), where the asking prices are below the average Charlotte rent of $1,259/mo.
The most expensive neighborhoods in Charlotte are The South End ($1,702), Uptown Charlotte ($1,778) and Eastover ($2,176).
The most popular neighborhood in Charlotte is Prosperity Church Road, where there are 9 verified RENTCafé listings with an average rent of $1,170. Next up is Uptown Charlotte, where apartments go for $1,778/month, followed by Elizabeth with $1,577 If you’re looking to rent in Charlotte’s most popular neighborhoods, make sure to also check out Hidden Valley, where renters pay $1,288 on average, and Northlake, where the average monthly rent is $1,182.
Charlotte | Rent Comparison by Neighborhood
Rent in Arbor Glen is 22% lower than in Arbor Hills
Arbor Glen rent is 19% lower than Charlotte average
| Average Rent | $1,014 |
|---|
Arbor Hills rent is 3% higher than Charlotte average
| Average Rent | $1,293 |
|---|
How Charlotte Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,259 | 6% |
| Raleigh | $1,238 | 6% |
| Durham | $1,181 | 3% |
| Greensboro | $914 | 4% |
| Winston - Salem | $895 | 7% |
| Wilmington | $1,180 | 3% |
| Concord | $1,104 | 8% |
| Huntersville | $1,237 | 7% |
| Matthews | $1,219 | 9% |
| Matthews Town | $1,219 | 9% |
| Monroe | $899 | 2% |
For more information about the Charlotte rental trends, check out our monthly rent report
Check out North Carolina Cities, North Carolina Neighborhoods and North Carolina Zip Codes for more details on verified listings, including the North Carolina Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!