Elan LoSo
4612 Gilead St,
Charlotte, NC 28217
$1,407 - $2,697 Total Monthly Price
Studio - 2 Beds
Rental Market Trends in Charlotte, NC
What is the average rent in Charlotte, NC?
$1,467/month
Average Rent
751 Sq Ft
Average Apartment Size
-2%
Decrease in the Last Year
As of February 2026, the average rent in Charlotte, NC is $1,467 per month. For comparison, the national average rent price in the US is currently $1,626/month, which means Charlotte rent prices are 10% lower than the national average. When you rent an apartment in Charlotte, you can expect to pay about $1,381 per month for a studio, $1,467 for a one-bedroom apartment, and around $1,757 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,152 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 2%, which averages out to $30 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 February 2026
Legend
2025
2026
Rent Ranges in Charlotte, NC
Last Updated February 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
4%
$700 - $1,000/month
42%
$1,001 - $1,500/month
39%
$1,501 - $2,000/month
15%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Charlotte?
Based on current rent prices, Westchester, Park Fairfax and Glenwater at University Place 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, Freedom Park, Dilworth Historic District and Myers Park 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 East 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 $1,467, you’ll want to make about $4,890 per month or $58,680 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.
Cost of Living
The cost of living in Charlotte, NC is 1.1% higher than the national average. Generally, housing in Charlotte is 0.7% more expensive than the national average, with rent falling between $1,381 - $2,152. You can expect to pay 2.1% more for groceries, 6.3% less for utilities, and 0.4% more for transportation.
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
-
-
One Bedroom
$936/month
$1,479/month
Two Bedroom
$1,193/month
$1,794/month
Three Bedroom
-
$2,356/month
Nearby City Rent Trends
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Greystar
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3,462
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RKW Residential Management
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77
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MAA
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RangeWater
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229
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AM Realty, LLC
-
40
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1,898
Units
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20
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Bell Partners
-
226
Communities
-
72,178
Units
-
121
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10 Communities in Charlotte
Highmark Residential
-
216
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61,695
Units
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Vest Residential
-
63
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-
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
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.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.