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Start Your Charlotte Apartment Search
How many bedrooms do you need?
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Average Rent in Charlotte & Rent Price Trends

May 4, 2022

Considering moving to Charlotte, one of the best places to live in North Carolina? Before you start apartment hunting, learn about the local rental market. Make sure you know the average rent in Charlotte to get your budget started!

Note: The data provided reflects our available units on Apartment List. For data that reflects the entire market, we recommend you visit our Rent Report, which is created based on our holistic methodology. You can also download the raw data containing rent estimates for hundreds of cities across the country.

Charlotte rents have increased by 1.11% compared to last month, and are up by 18.02% compared to last year.

  • 1% of apartments in Charlotte cost less than $1,000 per month.
  • 72% of apartments in Charlotte cost between $1,000-$1,999 per month.
  • 22% of apartments in Charlotte cost between $2,000-$2,999 per month.
  • 5% of apartments in Charlotte cost over $3,000 per month.

  • 5% of apartments in Charlotte are studio apartments.
  • 38% of apartments in Charlotte are 1-bedroom apartments.
  • 37% of apartments in Charlotte are 2-bedroom apartments.
  • 20% of apartments in Charlotte are 3-bedroom apartments.

Average Rent in Charlotte Neighborhoods

Have your ideal Charlotte neighborhood already picked out? Rent prices across neighborhoods can vary, so get familiar with the average rent prices across the various neighborhoods in Charlotte.

NeighborhoodAverage 1- Bedroom Rent
Wilmore$2,365
Dilworth$2,106
Second Ward$2,054
Third Ward$2,053
Sedgefield$2,047
Brookhill$2,041
The South End$2,032
Fourth Ward$1,915
Barclay Downs$1,863
York Road$1,828

Learn about the best neighborhoods in Charlotte.

What Salary Do You Need to Live in Charlotte?

Using the 30% rule, we can give a rough estimate of the salary needed to rent an apartment in Charlotte. If these numbers look high, remember that a roommate or two can drastically cut down your monthly rent!

  • If you are renting an average priced studio apartment in Charlotte, your annual salary should be around $64,280 or higher.
  • If you are renting an average priced 1-bedroom apartment in Charlotte, your annual salary should be around $64,680 or higher.
  • If you are renting an average priced 2-bedroom apartment in Charlotte, your annual salary should be around $78,520 or higher.
  • If you are renting an average priced 3-bedroom apartment in Charlotte, your annual salary should be around $88,040 or higher.

If you're considering renting in Charlotte, be sure to learn more about the cost of living in Charlotte. If Charlotte seems too pricey for you, consider Durham, Raleigh, or Greensboro.

Having trouble deciding how much rent you can afford? Try using a rent calculator. If Charlotte seems too pricey, learn about the cheapest places to live in NC.

Ready to make the move to Charlotte? Start apartment hunting in Charlotte with our quiz!

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AUTHOR
Kimi is a Content Associate and contributing author at Apartment List, helping renters find a new place to call home. Kimi earned her BA in Organizational Studies, Economics from Scripps College. Read More
SENIOR RESEARCH ASSOCIATE
Rob is a senior research associate at Apartment List, where he examines trends in the housing and rental markets. Previously he worked in public health policy, and before that, graduated from UCLA with a degree in Globalization. Read More
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