Charlotte, NC Rental Market Trends
Highlights
The average rent for an apartment in Charlotte is $1,234, a 4% increase compared to the previous year.
Average Rent in Charlotte, NC
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,234 | 4% | 941 sq. ft. |
The average size for a Charlotte, NC apartment is 941 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-$7002%
- $701-$1,00028%
- $1,001-$1,50054%
- $1,501-$2,00012%
- > $2,0005%
Charlotte, NC Occupied Housing Units
- Renter-occupied Households40%
- Owner-occupied Households59%
127,801 or 40% of the households in Charlotte, NC are renter-occupied while 188,680 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 | Dec / 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charlotte, NC | $1,113 | $1,105 | $1,137 | $1,145 | $1,146 | $1,186 | $1,183 | $1,191 | $1,242 | $1,246 | $1,234 |
| National | $1,354 | $1,350 | $1,382 | $1,385 | $1,388 | $1,423 | $1,431 | $1,434 | $1,469 | $1,473 | $1,474 |
Average Rent in Charlotte, NC By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Woodbury | $920 |
| Turtle Rock | $920 |
| Shannon Park | $920 |
| Robinson Church Road | $920 |
| Oak Forest | $920 |
| Lakeland Hills | $920 |
| Hickory Grove | $920 |
| Cedarbrook Acres | $920 |
| Bradfield Farms | $920 |
| Avensong | $920 |
| Farm Pond | $941 |
| Eastland - Wilora Lake | $941 |
| North Sharon Amity - Reddman Road | $949 |
| Idlewild | $949 |
| Westover Hills | $958 |
| Westerly Hills | $958 |
| Westchester | $958 |
| West Bolevard | $958 |
| Wesley Heights | $958 |
| Toddville Road | $958 |
| Todd Park | $958 |
| Smallwood | $958 |
| Seversville | $958 |
| Revolution Park | $958 |
| Reid Park | $958 |
| Ponderosa - Wingate | $958 |
| Pinecrest | $958 |
| Lakewood | $958 |
| Jackson Homes | $958 |
| Enderly Park | $958 |
| Capitol Drive | $958 |
| Boulevard Homes | $958 |
| Ashley Park | $958 |
| Arbor Glen | $958 |
| Hickory Ridge | $963 |
| East Forest | $965 |
| Waterleaf | $1,013 |
| Sherwood Forest | $1,013 |
| Pleasant Valley | $1,013 |
| Persimmon Creek | $1,013 |
| Park Walk | $1,013 |
| Morris Farms | $1,013 |
| Mint Hill Estates | $1,013 |
| McGregor | $1,013 |
| Marlwood | $1,013 |
| Clear Meadow | $1,013 |
| Clear Creek | $1,013 |
| Butterfield | $1,013 |
| Bent Creek | $1,013 |
| Becton Park | $1,013 |
| Arlington Forest | $1,013 |
| Eastway - Sheffield Park | $1,033 |
| Eagle Lake | $1,059 |
| Charlotte Douglas International Airport | $1,060 |
| Windsor Park | $1,065 |
| York Road | $1,112 |
| Clanton Park - Roseland | $1,112 |
| Thomasboro - Hoskins | $1,123 |
| Villa Heights | $1,126 |
| Plaza Midwood | $1,126 |
| Plaza Hills | $1,126 |
| Plaza - Shamrock | $1,126 |
| Oakhurst | $1,126 |
| North Charlotte | $1,126 |
| Echo Hills | $1,126 |
| Country Club Heights | $1,126 |
| Commonwealth | $1,126 |
| Coliseum Drive | $1,126 |
| Chantilly | $1,126 |
| Briarcreek - Woodland | $1,126 |
| Starmount | $1,127 |
| Sharonbrook | $1,127 |
| Sharon Woods | $1,127 |
| Seven Eagles | $1,127 |
| Quail Hollow | $1,127 |
| Park Crossing | $1,127 |
| Beverly Woods | $1,127 |
| Carmel | $1,131 |
| 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 |
| Optimist Park | $1,138 |
| Yorkmount | $1,151 |
| Montclaire South | $1,151 |
| Rockwell Park - Hemphill Heights | $1,160 |
| Prosperity Church Road | $1,160 |
| Nevin Community | $1,160 |
| Highland Creek | $1,160 |
| Henderson Circle | $1,160 |
| Derita - Statesville | $1,160 |
| Davis Lake - Eastfield | $1,160 |
| Hampshire Hills | $1,160 |
| Back Creek Church Road | $1,160 |
| Wilson Heights | $1,170 |
| Slater Road - Hamilton Circle | $1,170 |
| Northlake | $1,170 |
| Beatties Ford - Trinity | $1,170 |
| Washington Heights | $1,176 |
| University Park | $1,176 |
| Sunset Road | $1,176 |
| Oakview Terrance | $1,176 |
| Oaklawn | $1,176 |
| Oakdale | $1,176 |
| Mountain Island | $1,176 |
| McCrorey Heights | $1,176 |
| Lincoln Heights | $1,176 |
| Firestone - Garden Park | $1,176 |
| Biddleville | $1,176 |
| Yorkshire | $1,194 |
| Tryon Hills | $1,194 |
| Sugaw Creek - Ritch Avenue | $1,194 |
| Olde Whitehall | $1,194 |
| Lockwood | $1,194 |
| J.T. Williams | $1,194 |
| Griers Fork | $1,194 |
| Greenville | $1,194 |
| Genesis Park | $1,194 |
| Druid Hills | $1,194 |
| Double Oaks | $1,194 |
| Brown Road | $1,194 |
| Steele Creek | $1,207 |
| Montclaire - Madison Park | $1,213 |
| Belmont | $1,226 |
| Grier Heights | $1,249 |
| Woody Point Acres | $1,252 |
| Withers Grove | $1,252 |
| Wiltshire Manor | $1,252 |
| Waterlyn | $1,252 |
| The Sanctuary | $1,252 |
| The Palisades | $1,252 |
| Stowe Creek | $1,252 |
| Steelecroft Place | $1,252 |
| Steele Creek Landing | $1,252 |
| Riverpointe | $1,252 |
| River Oaks | $1,252 |
| Planters Walk | $1,252 |
| Neely Glen | $1,252 |
| Montreux | $1,252 |
| McDowell Place | $1,252 |
| Hartwell | $1,252 |
| Harbor Oaks | $1,252 |
| Falcon Ridge | $1,252 |
| Dixie - Berryhill | $1,252 |
| Creekshire Estates | $1,252 |
| Charlotte Pines | $1,252 |
| Berewick | $1,252 |
| Asheford Woods | $1,252 |
| Withrow Downs | $1,275 |
| University City South | $1,275 |
| University City North | $1,275 |
| Mineral Springs - Rumble Road | $1,275 |
| Mill Creek | $1,275 |
| Maplewood | $1,275 |
| Mallard Woods | $1,275 |
| Mallard Lake | $1,275 |
| Lexington | $1,275 |
| Homewood Acres | $1,275 |
| Harris - Houston | $1,275 |
| Fountaingrove | $1,275 |
| Claybrooke | $1,275 |
| Arbor Hills | $1,275 |
| Newell | $1,276 |
| Hidden Valley | $1,276 |
| College Downs | $1,276 |
| Sardis | $1,310 |
| Providence Plantation | $1,310 |
| Oxford Hunt | $1,310 |
| Lansdowne | $1,310 |
| Hembstead | $1,310 |
| Southside Park | $1,326 |
| Sedgefield | $1,334 |
| Colonial Village | $1,334 |
| Collingwood | $1,334 |
| Ashbrook - Clawson Village | $1,334 |
| Wilmore | $1,341 |
| Whiteoak | $1,361 |
| Touchstone Village - Elm Lane | $1,361 |
| Stone Creek Ranch | $1,361 |
| Rain Tree | $1,361 |
| Provincetowne | $1,361 |
| Providence Crossing | $1,361 |
| Piper Glen Estates | $1,361 |
| Ballantyne | $1,361 |
| Barclay Downs | $1,396 |
| Myers Park | $1,402 |
| Freedom Park | $1,460 |
| Wendover - Sedgewood | $1,462 |
| Stonehaven | $1,462 |
| Sherwood Forest | $1,462 |
| Providence Park | $1,462 |
| Foxcroft | $1,462 |
| Cotswold | $1,462 |
| Dilworth | $1,557 |
| Brookhill | $1,559 |
| Elizabeth | $1,568 |
| Cherry | $1,568 |
| The South End | $1,703 |
| Uptown Charlotte | $1,824 |
| Eastover | $2,190 |
The most affordable neighborhoods in Charlotte are Avensong, where the average rent goes for $920/month, Bradfield Farms, where renters pay $920/mo on average, and Cedarbrook Acres, where the average rent goes for $920/mo. If you’re looking for other great deals, check out the listings from Hickory Grove ($920), Lakeland Hills ($920), and Oak Forest ($920), where the asking prices are below the average Charlotte rent of $1,234/mo.
The most expensive neighborhoods in Charlotte are The South End ($1,703), Uptown Charlotte ($1,824) and Eastover ($2,190).
The most popular neighborhood in Charlotte is Prosperity Church Road, where there are 25 verified RENTCafé listings with an average rent of $1,160. Next up is Davis Lake - Eastfield, where apartments go for $1,160/month, followed by Highland Creek with $1,160 If you’re looking to rent in Charlotte’s most popular neighborhoods, make sure to also check out Back Creek Church Road, where renters pay $1,160 on average, and Yorkshire, where the average monthly rent is $1,194.
Charlotte | Rent Comparison by Neighborhood
Rent in Arbor Glen is 25% lower than in Arbor Hills
Arbor Glen rent is 22% lower than Charlotte average
| Average Rent | $958 |
|---|
Arbor Hills rent is 3% higher than Charlotte average
| Average Rent | $1,275 |
|---|
How Charlotte Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Charlotte | $1,234 | 4% |
| Raleigh | $1,222 | 5% |
| Winston - Salem | $892 | 7% |
| Greensboro | $914 | 5% |
| Durham | $1,182 | 5% |
| Clayton | $1,139 | 3% |
| Concord | $1,076 | 6% |
| Huntersville | $1,230 | 6% |
| Matthews | $1,172 | 2% |
| Indian Trail | $1,326 | 6% |
| Matthews Town | $1,172 | 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!
Cheapest Listings on RENTCafé
- The Ridge at Enderly Park
- Hanover Landing
- Windgate Apartments
- Park 2300 Apartments
- Hunters Pointe
- Timber Creek
- Peppertree
- Victoria Park Apartment Homes
- Emerald Bay
- Summit Ridge
- Reserve at Providence
- 1700 Place Apartments
- Timber Crest at Greenway
- Crossing at Reedy Creek
- Magnolia Terrace
- Wellington Farms
- Berkshire Place
- Johnston Creek Crossing
- The Avalon
- The Kelston
Mid-priced Listings on RENTCafé
- Anson at the Lakes
- Alexander Village
- Mallard Creek Apartments
- Arden
- Hawthorne at the Greene
- Reserve at Stone Hollow
- Colonial Grand at Beverly Crest
- Parkside at South Tryon
- Bexley Steelecroft
- Cheswyck at Ballantyne Apartments
- Colonial Grand at University Center
- Willows at The University
- Thornberry
- Horizons at Steele Creek
- The Haven at Rivergate
- Century Highland Creek
- Providence Court Apartments
- Belmont at Tryon Apartments
- CityPark View
- Colonial Reserve at South End
Most Expensive Listings on RENTCafé
- Sterling Magnolia Apartments
- Mosaic South End
- CityPark View South
- Solis Southline
- Post Uptown Place
- Centric Gateway
- Edgeline Flats on Davidson
- Silos South End
- Bell Ballantyne
- Hub South End
- Catalyst Charlotte
- The Encore SouthPark
- 525 East
- Penrose
- Element Uptown
- Enclave
- The Residence at SouthPark
- Museum Tower
- 511 Queens
- Tindall Park