230 University Ave
230 University Ave,
Charlottetown, PE C1A 4L7
$1,565
2 Beds
Rental Market Trends in Charlottetown, PE
What is the average rent in Charlottetown, PE?
$816/month
Average Rent
487 Sq Ft
Average Apartment Size
+0.8%
Increase in the Last Year
As of May 2026, the average rent in Charlottetown, PE was $816/month. When you rent an apartment in Charlottetown, you can expect to pay as little as $492 to as much as $1,523, depending on the location and size of the apartment.
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 Charlottetown, PE?
In the past year, rent has increased by 0.8%, which averages out to $7 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated May 2026
Legend
2025
2026
Rent Ranges in Charlottetown, PE
Last Updated May 2026
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
53%
$700 - $1,000/month
33%
$1,001 - $1,500/month
7%
$1,501 - $2,000/month
7%
Above $2,000/month
What salary do I need to live comfortably in Charlottetown, PE?
Because the average rent in Charlottetown is $816, you’ll want to make about $2,720 per month or $32,640 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 Charlottetown, PE compare to other nearby cities and neighbourhoods?
Use the tool below to compare Charlottetown, PE to other nearby cities and neighbourhoods. The Apartments.com neighbourhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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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.