Development

What’s Charlotte’s most expensive neighborhood to rent an apartment?

The most expensive neighborhood to rent an apartment in Charlotte is Third Ward, where a one-bedroom apartment will set you back $1,445 a month.

That’s according to data aggregated by Zumper, a website that lets users search for house and apartment rentals. The analysis is based on Zumper’s data from April.

Myers Park was slightly less expensive, with a one bedroom apartment costing $1,350. Other close-in neighborhoods were similarly priced. Dilworth cost $1,329 for a one-bedroom apartment, and Fourth Ward cost a median of $1,325. South End, one of the busiest apartment markets, came in at $1,310, and rapidly gentrifying Wilmore clocked in at $1,343.

Other neighborhoods were far cheaper. Lockwood, just north of uptown, had a median rent for a one-bedroom of $695. Biddleville and Smallwood, to the northwest, were $550 and $515, respectively, while Shamrock, to the northeast, was $575.

Median rent in Charlotte overall was up 2.2 percent in the most recent quarter, clocking in at $940, Zumper said. Rent for two bedroom apartments rose 0.9 percent, to $1,090. That makes Charlotte the 24th most expensive city in the U.S. to rent.

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