Charlotte was the 24th most expensive rental market in the US this April, with one bedroom median rents rising 2.2% in the trailing quarter to $940. Two bedrooms were similarly up 0.9% in the quarter to $1,090. Such increases have placed the city ahead of Sacramento, Raleigh, and Jacksonville for prices in major metro regions.
Looking closer at neighborhoods, the highest priced areas in April included Third Ward ($1,445), Myers Park ($1,350), and Fourth Ward ($1,325). More affordable neighborhoods were found to the northwest and southwest, with prices ranging from $500-$700 for a one bedroom apartment.
To see how Charlotte stacks up to the rest of the country, and view full rental data for the top 50 cities in the US, read our National Rent Report for April.
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