11 Apartments under 700 for rent in Charlotte, NC

Last updated March 23 at 3:02am UTC
3115 Southwest Blvd
Oakview Terrace
Charlotte, NC
Updated March 23 at 2:04am UTC
2 Bedrooms
Results within 10 miles of Charlotte, NC
161 Union St S
South Historic Concord
Concord, NC
Updated March 23 at 2:05am UTC
1 Bedroom
2813 Lowell Road Unit X
Gastonia, NC
Updated March 20 at 10:57am UTC
2 Bedrooms
19516 Smith Cir
Cornelius, NC
Updated March 16 at 1:59am UTC
4196 GARDNER Drive
Gastonia, NC
Updated March 8 at 10:43am UTC
1 Bedroom
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March 2018 Charlotte Rent Report

Welcome to the March 2018 Charlotte Rent Report. Charlotte rents increased 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

March 2018 Charlotte Rent Report

Welcome to the March 2018 Charlotte Rent Report. Charlotte rents increased 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 increased significantly over the past month

Charlotte rents have increased 0.5% over the past month, and are up moderately by 2.4% in comparison to the same time last year. Currently, median rents in Charlotte stand at $940 for a one-bedroom apartment and $1,100 for a two-bedroom. Charlotte's year-over-year rent growth leads the state and national averages, which both stand at 2.3%.

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 2.3% 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 $1,210; of the 10 largest North Carolina cities that we have data for, all have seen rents rise year-over-year, with Winston-Salem experiencing the fastest growth (+5.1%).
  • Fayetteville, Wilmington, and Greensboro have all experienced year-over-year growth above the state average (3.8%, 3.7%, and 2.9%, respectively).

Charlotte rents more affordable than many comparable cities nationwide

As rents have increased moderately in Charlotte, a few similar cities nationwide have also seen rents grow modestly. Charlotte is still more affordable than most other large cities across the country.

  • Charlotte's median two-bedroom rent of $1,100 is below the national average of $1,160. Nationwide, rents have grown by 2.3% over the past year compared to the 2.4% rise in Charlotte.
  • While Charlotte's rents rose moderately over the past year, many cities nationwide also saw increases, including Phoenix (+3.3%), Atlanta (+2.3%), and Seattle (+2.1%).
  • Renters will find more reasonable prices in Charlotte than most comparable cities. For example, San Francisco has a median 2BR rent of $3,040, 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 $940 $1,100 0.5% 2.4%
Concord $790 $920 -2.5%
Gastonia $670 $790 0.2% 0.7%
Rock Hill $820 $960 0.8% 3.8%
Huntersville $1,060 $1,230 -2.4% 0.9%
Matthews $990 $1,150 0.1% 5.4%
Cornelius $840 $980 -0.1% -0.5%

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.


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.