NOVEL Mallard Creek by Crescent Communities
9132 Senator Royall Dr,
Charlotte, NC 28262
Studio - 2 Beds | $1,300 - $2,700
Rental Market Trends in Charlotte, NC
What is the average rent in Charlotte, NC?
$1,454/month
Average Rent
746 Sq Ft
Average Apartment Size
-1.8%
Decrease in the Last Year
As of December 2024, the average rent in Charlotte, NC is $1,454 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means Charlotte rent prices are 7% lower than the national average. When you rent an apartment in Charlotte, you can expect to pay about $1,397 per month for a studio, $1,454 for a one-bedroom apartment, and around $1,756 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,190 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Charlotte, NC?
In the past year, rent has decreased by 1.8%, which averages out to $26 less per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Charlotte, NC
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
2%
Below $700/month
6%
$700 - $1,000/month
39%
$1,001 - $1,500/month
41%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Charlotte?
Based on current rent prices, Mineral Springs, Prosperity Church Road and University are the most affordable neighborhoods in Charlotte.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Charlotte?
Based on current rent prices, Brookhill, Dilworth and The South End are the most expensive neighborhoods in Charlotte.
Neighborhood
Average Rent
Average Sq Ft
Which Charlotte neighborhoods have the most rentals available?
The neighborhoods in Charlotte with the most apartments available are West Charlotte, South End and North Charlotte .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Charlotte, NC?
Because the average rent in Charlotte is $1,454, you’ll want to make about $4,846 per month or $58,152 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Charlotte, NC compare to other nearby cities and neighborhoods?
Use the tool below to compare Charlotte, NC to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,208/month
$1,519/month
One Bedroom
$1,312/month
$2,052/month
Two Bedroom
$1,719/month
$3,036/month
Three Bedroom
$2,107/month
$5,164/month
Nearby City Rent Trends
Apartment communities in Charlotte we think you'll love
Property Management Companies in Charlotte, NC
Greystar
-
3,186
Communities
-
882,573
Units
-
828
Cities
100 Communities in Charlotte
RKW Residential Management
-
53
Communities
-
13,310
Units
-
24
Cities
25 Communities in Charlotte
MAA
-
282
Communities
-
99,238
Units
-
115
Cities
18 Communities in Charlotte
Bell Partners
-
253
Communities
-
80,747
Units
-
134
Cities
16 Communities in Charlotte
Friedlam Partners LLC
-
57
Communities
-
10,819
Units
-
20
Cities
16 Communities in Charlotte
RangeWater
-
196
Communities
-
51,747
Units
-
106
Cities
12 Communities in Charlotte
S.L. Nusbaum
-
74
Communities
-
14,710
Units
-
29
Cities
12 Communities in Charlotte
AM Realty, LLC
-
30
Communities
-
1,403
Units
-
13
Cities
11 Communities in Charlotte
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.