Development

Some apartment rents in Charlotte are still on the rise – but others are flat

SkyHouse apartment’s new amenity deck. The upscale tower recently opened, and a second is under construction on North Church Street.
SkyHouse apartment’s new amenity deck. The upscale tower recently opened, and a second is under construction on North Church Street. ogaines@charlotteobserver.com

The average rent for a two-bedroom apartment in Charlotte went up last month, according to a new report, but the cost to rent a one-bedroom stayed flat.

That’s according to a new report from Zumper.com, an apartment rental website that tracks markets through rent listings. The report found:

▪ A one-bedroom apartment in Charlotte averaged $960 a month in April. That’s the same as a year ago.

▪ A two-bedroom apartment averaged $1,200 a month. That’s up 7.1 percent from last April, a sharp jump, and likely indicates increasing demand for these units.

▪ Charlotte is still a bargain nationally. Although rents dipped slightly in some of the most expensive markets, such as San Francisco, New York and Boston, the price you’ll pay to rent in one of those cities still looks astronomical by comparison. Here’s how much renting a one-bedroom apartment will cost you, on average, in each of those: San Francisco ($3,560), New York ($3,290) and Boston ($2,290).

Ely Portillo: 704-358-5041, @ESPortillo

  Comments