Charlotte, NC Rental Market Trends
What is the average rent in Charlotte?
The average rent for an apartment in Charlotte is $1,653. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Charlotte, NC
Last updated November 2023
| Average Rent | Average Apartment Size |
|---|---|
| $1,653 | 941 sq. ft. |
What is the average apartment size in Charlotte?
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
Charlotte, NC Occupied Housing Units
169,668 or 48% of the households in Charlotte, NC are renter-occupied while 184,774 or 52% are owner-occupied.
Charlotte, NC rent trends
Average Rent in Charlotte, NC By Neighborhood
| City | Average Rent |
|---|---|
| Uptown Charlotte | $2,139 |
| Dilworth | $2,058 |
| Freedom Park | $1,962 |
| Foxcroft | $1,958 |
| Wilmore | $1,879 |
| Ballantyne | $1,858 |
| Provincetowne | $1,858 |
| Stone Creek Ranch | $1,858 |
| Elizabeth | $1,857 |
| Southside Park | $1,821 |
| Collingwood | $1,746 |
| Grier Heights | $1,701 |
| Sardis | $1,673 |
| Lockwood | $1,651 |
| Belmont | $1,636 |
| Asheford Woods | $1,634 |
| Planters Walk | $1,634 |
| Wiltshire Manor | $1,634 |
| Newell | $1,613 |
| Montclaire - Madison Park | $1,601 |
| Arbor Hills | $1,600 |
| Harris - Houston | $1,600 |
| Mineral Springs - Rumble Road | $1,600 |
| University City North | $1,600 |
| University City South | $1,600 |
| Withrow Downs | $1,600 |
| Steele Creek | $1,587 |
| Optimist Park | $1,576 |
| Davis Lake - Eastfield | $1,575 |
| Derita - Statesville | $1,575 |
| Henderson Circle | $1,575 |
| Rockwell Park - Hemphill Heights | $1,575 |
| Brown Road | $1,569 |
| Griers Fork | $1,569 |
| Olde Whitehall | $1,569 |
| Montclaire South | $1,550 |
| Yorkmount | $1,550 |
| Briarcreek - Woodland | $1,548 |
| Echo Hills | $1,548 |
| Oakhurst | $1,548 |
| Plaza - Shamrock | $1,548 |
| Back Creek Church Road | $1,533 |
| Hampshire Hills | $1,533 |
| Beatties Ford - Trinity | $1,529 |
| Northlake | $1,529 |
| Wilson Heights | $1,529 |
| Park Ridge | $1,515 |
| Windsor Park | $1,492 |
| Eagle Lake | $1,486 |
| Carmel | $1,485 |
| Mountain Island | $1,474 |
| Oakdale | $1,474 |
| Park Crossing | $1,467 |
| Sharonbrook | $1,467 |
| Starmount | $1,467 |
| Enderly Park | $1,394 |
| Toddville Road | $1,394 |
| West Bolevard | $1,394 |
| Westerly Hills | $1,394 |
| Becton Park | $1,355 |
| Hickory Ridge | $1,354 |
| Bradfield Farms | $1,354 |
| Oak Forest | $1,354 |
| East Forest | $1,339 |
| Farm Pond | $1,339 |
| Idlewild | $1,333 |
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What are the most affordable neighborhoods in Charlotte?
The most affordable neighborhoods in Charlotte are Idlewild, where the average rent goes for $1,333/month, Farm Pond, where renters pay $1,339/mo on average, and East Forest, where the average rent goes for $1,339/mo. If you’re looking for other great deals, check out the listings from Bradfield Farms ($1,354), Oak Forest ($1,354), and Hickory Ridge ($1,354), where the asking prices are below the average Charlotte rent of $1,653/mo.
What are the most expensive neighborhoods in Charlotte?
The most expensive neighborhoods in Charlotte are Freedom Park ($1,962), Dilworth ($2,058) and Uptown Charlotte ($2,139).
What are the most popular neighborhoods in Charlotte?
The most popular neighborhood in Charlotte is Freedom Park, where there are 2 listings with an average rent of $1,962. Next up is Yorkmount, where apartments go for $1,550/month, followed by Eagle Lake with $1,486 If you’re looking to rent in Charlotte’s most popular neighborhoods, make sure to also check out Harris - Houston, where renters pay $1,600 on average, and Montclaire South, where the average monthly rent is $1,550.
Charlotte | Rent Comparison by Neighborhood
Rent in Arbor Hills is 2% lower than in Asheford Woods
$1,600
Arbor Hills rent is 3% lower than Charlotte average
Average Rent
$1,600
$1,634
Asheford Woods rent is 1% lower than Charlotte average
Average Rent
$1,634
How Charlotte Compares to Other Cities
| State | Average Rent |
|---|---|
| Raleigh | $1,609 |
| Holly Springs | $1,646 |
| Durham | $1,555 |
| Charlotte | $1,653 |
| Cary | $1,635 |
| Apex | $1,678 |
| Concord | $1,530 |
| Winston - Salem | $1,226 |
| Asheville | $1,717 |
| Garner | $1,499 |
| Greensboro | $1,262 |
| Monroe | $1,256 |
| Huntersville | $1,672 |
| Rock Hill | $1,448 |
| Gastonia | $1,329 |
| Kannapolis | $1,454 |
| Lincolnton | $1,423 |
| Mooresville | $1,574 |
| Pineville | $1,680 |
What is the average price for a storage unit in Charlotte?
The average rent for a non-climate-controlled 10'x10' storage unit in Charlotte is $126.95. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Charlotte
Sharon Pointe
5626 Sharon Pointe Rd., Charlotte, NJ 28215| 1 BED | $535 |
| 2 BEDS | $655 |
| 3 BEDS | $810 |
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8933 Avebury Drive
8933 Avebury Drive, Charlotte, NC 28213| 3 BEDS | $1,750 |
4525 Statesville Road
4525 Statesville Road, Charlotte, CA 28269| 2 BEDS | $1,000 |
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Rent Cafe Property 2
4671 Parkway Drive, Tucson, AZ 85711| 3 BEDS | $1,500+ |