36 Apartments under 700 for rent in Charlotte, NC

Last updated November 17 at 3:55pm UTC
4104 Glenwood Dr
Enderly Park
Charlotte, NC
Updated November 15 at 2:19am UTC
1 Bedroom
$475
409 Orange Street
Grier Heights
Charlotte, NC
Updated November 1 at 9:25am UTC
2 Bedrooms
$550
12723 Moores Chapel Road
Harbor House
Charlotte, NC
Updated November 9 at 12:20pm UTC
2 Bedrooms
$650
3115 Southwest Blvd
Oakview Terrace
Charlotte, NC
Updated November 1 at 9:57am UTC
2 Bedrooms
$660
Results within 5 miles of Charlotte, NC
1403 Hickory Grove Road
Gastonia
Gastonia, NC
Updated November 16 at 12:09pm UTC
1 Bedroom
$650
Results within 10 miles of Charlotte, NC
221 Armour St
Davidson
Davidson, NC
Updated November 16 at 12:30pm UTC
1 Bedroom
$650
3480 Jondon Lane
Gastonia
Gastonia, NC
Updated November 1 at 4:08am UTC
2 Bedrooms
$699
226 Misenheimer Drive NW
Concord
Concord, NC
Updated November 14 at 1:13am UTC
2 Bedrooms
$575
1849 Ebenezer Rd
Rock Hill
Rock Hill, SC
Updated November 16 at 12:40pm UTC
2 Bedrooms
$625
245 Barber Street
Rock Hill
Rock Hill, SC
Updated November 10 at 11:19am UTC
2 Bedrooms
$675
527 Locust Street
Kannapolis
Kannapolis, NC
Updated November 17 at 10:58am UTC
1 Bedroom
$595
5 Bird Street
Rock Hill
Rock Hill, SC
Updated November 16 at 12:21pm UTC
1 Bedroom
$650
3820 Vanderburg Drive
Concord
Concord, NC
Updated November 2 at 1:59am UTC
2 Bedrooms
$650
161 Union St S
South Historic Concord
Concord, NC
Updated November 17 at 10:33am UTC
1 Bedroom
$699
Park at Cross Creek
2078 Keith Dr
Gastonia, NC
Updated November 17 at 9:11am UTC
1 Bedroom
Ask
2 Bedrooms
$693
3 Bedrooms
$793
3456 Jondon Lane
Gastonia
Gastonia, NC
Updated October 6 at 4:27am UTC
1 Bedroom
$649
Flint Ln
Gastonia
Gastonia, NC
Updated November 7 at 8:27am UTC
2 Bedrooms
$650
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November 2017 Charlotte Rent Report

Welcome to the November 2017 Charlotte Rent Report. Charlotte rents declined over the past month. In this report, we'll evaluate trends in the Charlotte rental market, including comparisons to cities throughout the state and nation.

View full Charlotte Rent Report
Rent Report
Charlotte

November 2017 Charlotte Rent Report

Welcome to the November 2017 Charlotte Rent Report. Charlotte rents declined over the past month. In this report, we'll evaluate trends in the Charlotte rental market, including comparisons to cities throughout the state and nation.

Charlotte rents declined slightly over the past month

Charlotte rents have declined 0.2% over the past month, but have increased moderately by 3.0% in comparison to the same time last year. Currently, median rents in Charlotte stand at $950 for a one-bedroom apartment and $1,110 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Charlotte's year-over-year rent growth lags the state average of 3.6%, but exceeds the national average of 2.7%.

Rents rising across cities in North Carolina

Throughout the past year, rent increases have been occurring not just in the city of Charlotte, but across the entire state. Of the largest 10 cities that we have data for in North Carolina, all of them have seen prices rise. The state as a whole logged rent growth of 3.6% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Cary is the most expensive of all North Carolina's major cities, with a median two-bedroom rent of $1,220; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Fayetteville experiencing the fastest growth (+5.7%).
  • Wilmington, Winston-Salem, and Cary have all experienced year-over-year growth above the state average (4.6%, 4.3%, and 3.8%, respectively).

Charlotte rents more affordable than many similar cities nationwide

As rents have increased moderately in Charlotte, comparable cities nationwide have seen rents grow more modestly, or in some cases, even decline. Charlotte is still more affordable than most other large cities across the country.

  • Charlotte's median two-bedroom rent of $1,110 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 3.0% increase in Charlotte.
  • While Charlotte's rents rose moderately over the past year, some cities nationwide saw decreases, including New York (-0.2%) and Miami (-0.2%).
  • Renters will find more reasonable prices in Charlotte than most similar cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Charlotte.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.
City Median 1BR price Median 2BR price M/M price change Y/Y price change
Charlotte $950 $1,110 -0.2% 3.0%
Concord $790 $920 0.7% 0.9%
Gastonia $670 $780 -0.1% 1.2%
Rock Hill $820 $960 -0.6% 4.2%
Huntersville $1,070 $1,250 -0.0% 2.0%
Cornelius $870 $1,010 -2.6% 5.7%

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.