Housing is the largest monthly expense for most people. And these days it just keeps rising and rising. Factor in the absolute insanity that is the housing market these days and it’s a lose-lose situation for many. I know personally, my rent went up $200 a month when I resigned my lease in June. That’s an extra $2,400 a year which is not a small difference. And while making day-to-day more expensive it also makes it more difficult for renters to save for a home and get out of the rent game. Rent in Charlotte is up 18% from last year. That seems comparable to my experience. But when looking to rent what Charlotte neighborhoods are the most affordable? Or is it better to go outside the city limits?
We are here to help. Below you will find information, provided by Rent.com, on the average rent in Charlotte. You’ll find the average price for a studio, one, two, and three bedrooms. You will also find a list of the average price to rent a one-bedroom in different Charlotte neighborhoods, and the same for other nearby towns. The more information you have the better decision you can make on where to live. Whether you value location, amenities, space, or finishes the Charlotte market has something for you. You just might pay more than you want to! I know I am.
Average Rent By Size
- Studio $1,710
- 1 Bedroom $1,526
- 2 Bedroom $1,784
- 3 Bedroom $1,994
Average Rent By Neighborhood
Based on a one-bedroom apartment
4th Ward Historic District
Average Rent: $2,472
Ashbrook-Clawson Village
Average Rent: $2,268
Barclay Downs
Average Rent: $2,141
Third Ward
Average Rent: $2,005
South End
Average Rent: $1,989
Uptown
Average Rent: $1,819
Optimist Park
Dilworth
Average Rent: $1,795
Northlake
Elizabeth
Ballantyne East
Southpark
Average Rent: $1,612
Ballantyne West
Average Rent: $1,606
Harris-Houston
Highland Creek
University City
College Downs
Average Rent: $1,457
Wendover-Sedgefield
Average Rent: $1,437
Madison Park
Average Rent: $1,395
Prosperity Church Road
Average Rent: $1,379
Oak Forest
First Ward
Average Rent: $1,225
East Forest
Average Rent: $1,204
Montclaire South
Average Rent: $1,187
Starmount Forest
Average Rent: $1,170
Wesley Heights
Average Rent: $1,150
Eastway
Average Rent: $1,025
NoDa
Average Rent: $1,000
Cotswold
Plaza Midwood
Average Rent: $895
Windsor Park
Average Rent: $770
How Other Local Areas Compare To Charlotte Rent
Rent is based on the average rent for a one bedroom apartment.
Matthews
Average Rent: $2,015
Cornelius
Average Rent: $1,807
Fort Mill
Kannapolis
Indian Trail
Huntersville
Davidson
Average Rent: $1,493
Mooresville
Rock Hill
Average Rent: $1,390
Statesville
Denver
Average Rent: $1,350
Indian Land
Average Rent: $1,345
Salisbury
Average Rent: $1,296
Lincolnton
Belmont
Average Rent: $1,279
Pineville
Gastonia
Average Rent: $1,237
Monroe
Average Rent: $1,136
The Most Expensive Cities For Rent In North & South Carolina May Surprise You
Renters are feeling the pain of the housing crisis and inflation through with record-breaking rental prices. I know personally mine went up $200 a month when I resigned my lease in June. That’s an extra $2,400 a month which is not a small difference. And while making day-to-day more expensive it also makes it more difficult for renters to save for a home and get out of the rent game. This prompted Lawn Love to conduct a study on the most expensive metros for rent. They compared 185 markets and discovered that the median rent in the country is $2,000. Ouch. I was shocked however at the most expensive cities for rent in both North and South Carolina.
I would have thought easily Charlotte would be the most expensive, but the Queen City is not. In fact, they are the 9th-ranked metro in the Carolinas. Ninth. And I thought we had it bad. The rankings are based on average rent prices and the year-over-year change, renters insurance, as well as a percentage of renters who spend 30% or more of their income on rent.
With housing prices still at record highs, there really is no relief for your average American these days. The probably is exasperated by rental companies coming in and buying up the limited supply of houses to then rent or flip to sell.
Check out the 25 most expensive metros for rent in the country and the North & South Carolina rankings below.
North & South Carolina Rent
18. Hilton Head Island-Bluffton, SC
Overall Score: 53.35
Rent Prices Rank: 15
Rent Affordability Rank: 43
Cost Inflators Rank: 68
25. Charleston-North Charleston, SC
Overall Score: 48.86
Rent Prices: Rank: 30
Rent Affordability Rank: 56
Cost Inflators Rank: 57
30. Myrtle Beach-Conway-North Myrtle Beach, SC-NC
Overall Score: 47.71
Rent Prices: Rank: 36
Rent Affordability Rank: 52
Cost Inflators Rank: 64
38. Wilmington, NC
Overall Score: 46.59
Rent Prices: Rank: 48
Rent Affordability Rank: 36
Cost Inflators Rank: 118
60. Asheville
Overall Score: 42.7
Rent Prices: Rank: 63
Rent Affordability Rank: 71
Cost Inflators Rank: 116
70. Columbia, SC
Overall Score: 41.72
Rent Prices: Rank: 92
Rent Affordability Rank: 55
Cost Inflators Rank: 61
71. Durham-Chapel Hill, NC
Overall Score: 41.62
Rent Prices: Rank: 68
Rent Affordability Rank: 85
Cost Inflators Rank: 115
74. Raleigh-Cary, NC
Overall Score: 41.13
Rent Prices: Rank: 35
Rent Affordability Rank: 162
Cost Inflators Rank: 108
93. Charlotte-Concord-Gastonia, NC-SC
Overall Score: 39.84
Rent Prices: Rank: 56
Rent Affordability Rank: 148
Cost Inflators Rank: 88
94. Fayetteville, NC
Overall Score: 39.77
Rent Prices: Rank: 89
Rent Affordability Rank: 77
Cost Inflators Rank: 114
99. Greensboro-High Point, NC
Overall Score: 39.47
Rent Prices: Rank: 81
Rent Affordability Rank: 100
Cost Inflators Rank: 110
108. Burlington, NC
Overall Score: 38.24
Rent Prices: Rank: 88
Rent Affordability Rank: 102
Cost Inflators Rank: 120
111. Augusta-Richmond County, GA-SC
Overall Score: 37.51
Rent Prices: Rank: 141
Rent Affordability Rank: 51
Cost Inflators Rank: 49
113. Greenville-Anderson, SC
Overall Score: 37.16
Rent Prices: Rank: 105
Rent Affordability Rank: 103
Cost Inflators Rank: 62
130. Winston-Salem, NC
Overall Score: 34.7
Rent Prices: Rank: 119
Rent Affordability Rank: 111
Cost Inflators Rank: 117
146. Greenville, NC
Overall Score: 32.26
Rent Prices: Rank: 164
Rent Affordability Rank: 80
Cost Inflators Rank: 122
161. Spartanburg, SC
Overall Score: 30.56
Rent Prices: Rank: 166
Rent Affordability Rank: 125
Cost Inflators Rank: 69
25 Most Expensive Rental Markets
24. Gainesville, FL
23. Trenton-Princeton, NJ
22. Boston-Cambridge-Newton, MA-NH
20. San Francisco-Oakland-Berkeley, CA
19. Bridgeport-Stamford-Norwalk, CT
18. Hilton Head Island-Bluffton, SC
17. Tampa-St. Petersburg-Clearwater, FL
15.Port St. Lucie, FL
14. Orlando-Kissimmee-Sanford, FL
13. Santa Rosa-Petaluma, CA
12. Cape Coral-Fort Myers, FL
11. Riverside-San Bernardino-Ontario, CA
10. San Jose-Sunnyvale-Santa Clara, CA
8. North Port-Sarasota-Bradenton, FL
7. Urban Honolulu, HI
6. Los Angeles-Long Beach-Anaheim, CA
5. San Diego-Chula Vista-Carlsbad, CA
4. Oxnard-Thousand Oaks-Ventura, CA
2. Miami-Fort Lauderdale-Pompano Beach, FL
1. New York-Newark-Jersey City, NY-NJ-PA