Median rents, rental comps, and market trends across 12 zip codes in Charlotte, NC.
Second-largest banking center in the US, which sounds boring until you realize bankers need apartments too. Corporate employment keeps rental demand strong, but developers have noticed — new construction is significant and worth tracking.
Median Asking Rent
$1,868
Rent Change (YoY)
-0.4%
Avg Days on Market
17
Active Rental Listings
11,385
Median List Price
$582,500
Average across 12 zip codes
ZIP | Median Rent |
|---|---|
| 28207 | $2,615/mo |
| 28203 | $2,280/mo |
| 28211 | $2,062/mo |
| 28202 | $1,999/mo |
| 28210 | $1,794/mo |
| 28209 | $1,771/mo |
| 28204 | $1,755/mo |
| 28205 | $1,699/mo |
| 28208 | $1,695/mo |
| 28206 | $1,662/mo |
| 28270 | $1,601/mo |
| 28226 | $1,500/mo |
Get rental comps for any property in Charlotte
Search any address for rent estimates and comparable rentals.
| Unit Size | Median Rent |
|---|---|
| Studio | $1,439/mo |
| 1 Bedroom | $1,607/mo |
| 2 Bedroom | $2,105/mo |
| 3 Bedroom | $2,400/mo |
| 4 Bedroom | $3,025/mo |
Aggregated median across all Charlotte zip codes with available data.
| ZIP | Median List Price |
|---|---|
| 28207 | $1,375,000 |
| 28211 | $979,900 |
| 28209 | $725,000 |
| 28270 | $698,000 |
| 28203 | $665,000 |
| 28204 | $590,000 |
| 28226 | $574,999 |
| 28205 | $500,000 |
| 28210 | $475,000 |
| 28206 | $439,900 |
| 28202 | $369,000 |
| 28208 | $329,900 |
| 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 |
Fair Market Rents are published annually by HUD for the Charlotte metropolitan area. Local housing authorities use these to set Section 8 voucher payment standards, typically between 90% and 110% of the FMR.
The median asking rent across Charlotte, NC is currently $1,868/month, based on active rental listings across 12 zip codes. Median asking rents have decreased by -0.4% over the past 12 months.
Asking rents vary significantly across the city. ZIP 28207 has the highest median asking rent at $2,615/month, while ZIP 28226 comes in at $1,500/month.
Rental listings in the area spend an average of 17 days on market before being leased, indicating strong renter demand.
The HUD Fair Market Rent for a 2-bedroom in the Charlotte metro area is $2,530/month. Current median asking rents are near or below the FMR for this area.
Charlotte is growing fast, mainly because of the banking and finance industry — Bank of America and Truist are headquartered here, Wells Fargo has a major hub. That corporate base means steady, well-paying renters. South End and Uptown have seen a lot of new luxury apartments go up. Plaza Midwood, NoDa, and University City offer more variety in price points. North Carolina is generally landlord-friendly with no rent control. The main thing to watch is new supply — Charlotte has been building aggressively, and certain areas have more inventory than others. Knowing whether your specific zip code is oversupplied or undersupplied is the difference between leasing in a week or sitting for two months.
Want to look up rental comps and rent estimates for a specific property in Charlotte? PropMetrics lets you search any address and get detailed rental data instantly.
Get rent estimates, comparable rentals, and market data for any property in Charlotte, NC. Free to start.
What rental comps are, what makes a good one, and how to use them to price your rental property accurately.
Fair market rent, Section 8, HUD... what does it all mean? A straightforward breakdown of how it works and why it matters.
A step-by-step guide to pricing your rental so it rents quickly without leaving money on the table.