Charlotte, North Carolina Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Charlotte, North Carolina rental market.
Charlotte, North Carolina
Average Apartment Rent
$1,675
Y-o-Y Change in Average
Apartment Rent
-0.4%
As of May 2026
Compared to a year ago, Charlotte, North Carolina apartments have recorded a -0.4% rent decrease.
Charlotte, North Carolina Average apartment rent trend
Charlotte, North Carolina Average Apartment Rent
Charlotte, North Carolina Apartment rent ranges
At 41.8%, apartments priced $1,000 - $1,500 represent the bulk of Charlotte, North Carolina rentals, while condos priced Under $1,000 hold the lowest share of the market – 2.38%.
Charlotte, North Carolina Housing tenure**
Renters take up 48% of Charlotte, North Carolina real estate, occupying a total of 169,668 units, while homeowners live in 184,774 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$56,525
Average household size of renter-occupied housing units**
2.24
Rental vacancy rate**
7%
Charlotte, North Carolina Renter-occupied housing units by no. of bedrooms**
There are 65,840 rentals in Charlotte, North Carolina with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 1,385 units. Overall, the median number of rooms in Charlotte, North Carolina homes for rent is 4.1.
Charlotte, North Carolina Renter-occupied units by age of householder**
Most condos for rent in Charlotte, North Carolina are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Charlotte, North Carolina Renter-occupied housing units by family type**
Charlotte, North Carolina Renter-occupied housing units by the presence of own children**
A total of 73,902 apartments for rent in Charlotte, North Carolina, or 44% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 44,778 units. All in all, the median size of a renter-occupied household in Charlotte, North Carolina is 2.24.
Charlotte, North Carolina Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Charlotte, North Carolina.
Charlotte, North Carolina Renter-occupied units by year structure built**
The highest share of Charlotte, North Carolina apartment rentals, namely 20% or 34,288 units, were Built 2010 - 2019, followed by those Built 2000 - 2009 (20%, 33,252 units), and the ones Built 1990 - 1999 (18%, 29,822 units).
Charlotte, North Carolina Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Charlotte, North Carolina renters (42%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Charlotte, North Carolina condos for rent is 2018.
Charlotte, North Carolina Renter-occupied housing units by vehicles available**
When it comes to transportation options, 54% of Charlotte, North Carolina renters have 1 vehicle available per household, 28% of them have 2 vehicles available, and 11% have No vehicle available.
Charlotte, North Carolina Means of transportation to work of householders living in renter-occupied housing units**
Charlotte, North Carolina Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Charlotte, North Carolina apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
