Are you renting in one of Charlotte’s most expensive neighborhoods? Check this list
With rapid development exploding across the Charlotte metro area, rent costs in the city are on the rise.
According to a report by Apartment List, an online marketplace for rental listings, Charlotte’s year-over-year rent increase of 17.5% exceeds the national average of 14.3%.
The current average rent for a one-bedroom apartment in Charlotte in June was priced at $1,338, while a two-bedroom unit stood at $1,466, the report said. The average 3-bedroom apartment was priced at $2,201, Apartment List reported.
“This is the sixth straight month that the city has seen rent increases after a decline in December of last year,” Apartment List stated.
Using data from current listings and rent research conducted by the apartment rental site Zumper, Charlotteans can see how the average rent in their area compares to the median rent.
Here are 11 neighborhoods where residents are paying the highest rent on average in Charlotte, according to Zumper.
Barclay Downs (Southpark)
One Bedroom: $1,783, 19% higher than city median
Two Bedroom: $2,395, 39% higher than city median
Three Bedroom: $5,293, 168% higher than city median
Commonwealth
One-bedroom: $1,935, 29% higher than city median
Two-bedroom: $2,718, 58% higher than city median
Three-bedroom: $2,595, 31% higher than city median
Dilworth
One-bedroom: $1,770, 18% higher than city median
Two-bedroom: $2,400, 39% higher than city median
Three-bedroom: $2,560, 39% higher than city median
Elizabeth
One-bedroom: $1,549, 3% higher than city median
Two-bedroom: $1,899, 10% higher than city median
Three-bedroom: $2, 558, 30% higher than city median
Fourth Ward (Uptown)
One-bedroom: $1,669, 11% higher than city median
Two-bedroom: $2,120, 23% higher than city median
Three-bedroom: $2,999, 52% higher than city median
Madison Park
One-bedroom: $1,621, 8% higher than city median
Two-bedroom: $1,996, 16% higher than city median
Three-bedroom: $2,020, 2% higher than city median
Myers Park
One-bedroom: $1,619, 8% higher than city median
Two-bedroom: $2,049, 19% higher than city median
Three-bedroom: $3,277, 66% higher than city median
Second Ward (Uptown)
One-bedroom: $1,930, 29% higher than city median
Two-bedroom: $2,309, 34% higher than city median
Three-bedroom: $3,911, 98% higher than city median
Sedgefield
One-bedroom: $1,848, 23% higher than city median
Two-bedroom: $2,243, 30% higher than city median
Three-bedroom: $3,088, 56% higher than city median
South End
One-bedroom: $1,879, 25% higher than city median
Two-bedroom: $2,649, 54% higher than city median
Three-bedroom: $3,485, 76% higher than city median
Wilmore
One-bedroom: $2,124, 42% higher than city median
Two-bedroom: $2,709, 57% higher than city median
Three-bedroom: $3,400, 72% higher than city median
This story was originally published July 20, 2022 at 1:50 PM.
