NOVEL University Place by Crescent Communi...
5315 Waters Edge Village Dr,
Charlotte, NC 28262
Studio - 3 Beds | $1,372 - $5,480
Rental Market Trends in Charlotte, NC
What is the average rent in Charlotte, NC?
$1,496/month
Average Rent
748 Sq Ft
Average Apartment Size
-1%
Decrease in the Last Year
As of June 2025, the average rent in Charlotte, NC is $1,496 per month. For comparison, the national average rent price in the US is currently $1,628/month, which means Charlotte rent prices are 8% lower than the national average. When you rent an apartment in Charlotte, you can expect to pay about $1,425 per month for a studio, $1,496 for a one-bedroom apartment, and around $1,802 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,239 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%, which averages out to $15 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 June 2025
Legend
2024
2025
Rent Ranges in Charlotte, NC
Last Updated June 2025
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
1%
Below $700/month
5%
$700 - $1,000/month
37%
$1,001 - $1,500/month
40%
$1,501 - $2,000/month
17%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Charlotte?
Based on current rent prices, The Oasis at Regal Oaks, West Blvd and Hidden Valley Estates 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, Hunters Gate at Landen, Provincetowne and North Reach 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 $1,496, you’ll want to make about $4,986 per month or $59,832 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% lower than the national average. Generally, housing in Charlotte is 15.2% less expensive than the national average, with rent falling between $1,425 - $2,239. You can expect to pay 1.1% more for groceries, 1.3% more for utilities, and 5.6% less 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.
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One Bedroom
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Two Bedroom
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Three Bedroom
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Nearby City Rent Trends
Apartment communities in Charlotte we think you'll love
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Cushman & Wakefield
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RangeWater
-
200
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52,705
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103
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AM Realty, LLC
-
38
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-
2,012
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Willow Bridge
-
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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 June 2025.
* Percentages may not total 100 due to rounding.