The median asking rent across 17 Charlotte zip codes is $1,762/month, down 0.4% from a year ago.
Second-largest banking center in the US. Sounds boring until you remember bankers need apartments. Corporate employment keeps demand strong, but developers have noticed and new construction is real. Worth tracking before you buy.
Median Asking Rent
$1,762
Rent Change (YoY)
-0.4%
Avg Days on Market
16
Active Rental Listings
15,846
Median List Price
$535,000
Average across 17 zip codes
ZIP | Median Rent |
|---|---|
| 28207 | $2,593/mo |
| 28203 | $2,239/mo |
| 28211 | $2,030/mo |
| 28202 | $1,956/mo |
| 28277 | $1,860/mo |
| 28215 | $1,778/mo |
| 28209 | $1,734/mo |
| 28204 | $1,713/mo |
| 28269 | $1,700/mo |
| 28205 | $1,699/mo |
| 28216 | $1,699/mo |
| 28270 | $1,625/mo |
| 28206 | $1,610/mo |
| 28273 | $1,600/mo |
| 28208 | $1,590/mo |
| 28226 | $1,490/mo |
| 28210 | $1,380/mo |
Comps for any address in Charlotte
Type the address, get the comps. No setup.
| Unit Size | Median Rent |
|---|---|
| Studio | $1,328/mo |
| 1 Bedroom | $1,491/mo |
| 2 Bedroom | $1,940/mo |
| 3 Bedroom | $2,245/mo |
| 4 Bedroom | $2,995/mo |
Aggregated median across all Charlotte zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 28207 | $1,399,900 |
| 28211 | $959,000 |
| 28270 | $750,000 |
| 28203 | $650,000 |
| 28204 | $650,000 |
| 28209 | $650,000 |
| 28277 | $639,000 |
| 28226 | $625,000 |
| 28205 | $535,000 |
| 28210 | $507,500 |
| 28206 | $424,900 |
| 28202 | $399,000 |
| 28215 | $399,000 |
| 28273 | $395,000 |
| 28269 | $365,000 |
| 28208 | $350,000 |
| 28216 | $345,000 |
| Unit Size | Fair Market Rent |
|---|---|
| Studio | $2,200/mo |
| 1 Bedroom | $2,310/mo |
| 2 Bedroom | $2,530/mo |
| 3 Bedroom | $3,120/mo |
| 4 Bedroom | $3,960/mo |
HUD publishes Fair Market Rents once a year for the Charlotte metro area. Local housing authorities use them to set Section 8 voucher payment standards, usually 90% to 110% of the FMR.
The median asking rent across Charlotte, NC sits at $1,762/month, pulled from active rental listings in 17 zip codes. That's down 0.4% from a year ago.
Rents aren't uniform across the city. ZIP 28207 tops the list at $2,593/month. ZIP 28210 comes in lowest at $1,380/month. That's a 88% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.
A 2-bedroom rents for $1,940/month at the median. 1-bedrooms run about $1,491. 3-bedrooms come in around $2,245.
Rental listings here lease fast. Average time on market is 16 days. Mispriced units still sit, but a fair-market price moves quickly.
Rent-to-price math is tight in Charlotte. The gross figure sits at about 4.0% ($1,762/month against $535,000 median price). Most investors here are betting on appreciation, not monthly cash flow.
HUD's Fair Market Rent for a 2-bedroom in the Charlotte metro is $2,530/month. Asking rents come in about 30% below the federal benchmark, which can make Section 8 properties competitive here.
Charlotte is growing fast, driven by banking and finance. Bank of America and Truist are headquartered here, and Wells Fargo runs a major hub. That corporate base means steady, well-paying renters. South End and Uptown have absorbed a lot of new luxury apartments. Plaza Midwood, NoDa, and University City span a wider price range. North Carolina has no rent control and is landlord-friendly. The variable to watch is new supply. Charlotte has been building aggressively, and certain zip codes are oversupplied while others stay tight. Knowing which side your property sits on is the difference between leasing in a week and sitting for two months.
These numbers are city-wide averages. If you're pricing a specific property in Charlotte, pull comps from the same zip code. The spread is usually bigger than people expect.
City-wide medians are the headline. The comps that actually price a property come from the block it's on. Search any Charlotte address to see them.
15 zip codes
9 zip codes
17 zip codes
20 zip codes
17 zip codes
17 zip codes
What rental comps actually are, what makes one good or weak, and how to use them to price a rental without guessing.
What HUD's fair market rent actually means, how it ties into Section 8, and when it should change how you price a rental.
A step-by-step approach to pricing a rental so it fills fast and doesn't leave money on the table.