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Villas At Mallard Creek
(980) 938-5788
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Alexan
(704) 438-9063
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Links At Citiside Apartments
(704) 666-9856
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Four One Five Flats
(704) 519-4215
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511 Queens Apartments
(980) 819-6520
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The Fairways At Piper Glen Apartments
(704) 541-1647
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Waterford Square Apartments
(704) 542-3332
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Apartments Under $500 in Charlotte, NC

1 of 7 Results
14
$ Ask - 1,708
Villas At Mallard Creek
1840 Ripple Way Charlotte, NC
1 - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
In Unit Laundry
Balcony, Deck, Patio
Fitness Center
19
$ Ask - 2,600
Alexan
1009 N. Caldwell St. Charlotte, NC
Studio - 2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Balcony, Deck, Patio
Fitness Center
Storage
22
$ Ask - 1,637
Links At Citiside Apartments
5005 Community Circle Charlotte, NC
3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
19
$ Ask - 1,395
Four One Five Flats
Deal
415 W. 10th St. Charlotte, NC
2 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Dishwasher
22
$ Ask - 2,950
511 Queens Apartments
511 Queens Road Charlotte, NC
2 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Covered Parking
23
$ Ask - 2,085
The Fairways At Piper Glen Apartments
6200 Birkdale Valley Drive Charlotte, NC
1 - 3 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Balcony, Deck, Patio
Fitness Center
30
$ Ask - 1,335
Waterford Square Apartments
7601 Waterford Square Drive Charlotte, NC
1 BR | Available Now
Contact
Dog Friendly
Cat Friendly
Air Conditioning
Covered Parking
In Unit Laundry
1 - 7 of 7 Results
  1. Home
  2. Charlotte
  3. Apartments Under $500

How much does it cost to rent an apartment in Charlotte?

Charlotte Apartments
Bed Type Average Rent Range
Studio $1,440 $980 - $1,940
1BR $1,310 $790 - $1,880
2BR $1,550 $970 - $2,530
3BR $1,880 $1,230 - $3,660
4+BR $2,210 $1,590 - $5,000
Frequently Asked Questions

How many apartments are available in Charlotte, NC on Rentable.co?

Rentable.co has over 53,184 apartments available in Charlotte.

What is the average rent for a studio apartment in Charlotte, NC?

The average rent for a studio apartment in Charlotte is around $1,440 per month.

What is the average rent for a one-bedroom apartment in Charlotte, NC?

The average rent for a one-bedroom apartment in Charlotte is around $1,310 per month.

What is the average rent for a two-bedroom apartment in Charlotte, NC?

The average rent for a two-bedroom apartment in Charlotte is around $1,550 per month.

How expensive is living in Charlotte, NC?

Based on average rent prices in Charlotte, to afford a studio apartment you would need an annual salary of $58,000 to live comfortably.

How many apartments under $500 are available in Charlotte, NC on Rentable.co?

Rentable.co has 7 apartments under $500 available for rent in Charlotte.

Which neighborhoods have the most apartments under $500 for rent in Charlotte, NC?

  1. Enderly Park
  2. Fourth Ward
  3. Wesley Heights
  4. Sterling
  5. Sugaw Creek

Asset 2
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Charlotte:
March Rent Report

Welcome to the March 2023 Charlotte Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the March 2023 key findings and figures for the Charlotte rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Charlotte and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Charlotte average rent prices in the chart below.

Monthly Rent Report

Charlotte Rent Prices Decrease From February to March

Charlotte rent prices decreased over the last month. From February to March, the city experienced a -1.02% decrease for the price of a one-bedroom apartment. The rent price for a Charlotte one-bedroom apartments currently stands at $1,361.0.

When we take a look at the two-bedroom comparison from February to March, Charlotte experienced a -0.25% decrease for the price of a two-bedroom apartment. The rent price for a Charlotte two-bedroom apartments currently stands at $1,628.0.

March Prices: Charlotte vs. Surrounding Areas

Rent Prices in Charlotte and Surrounding Areas

Rent prices have decreased in Charlotte over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Charlotte suburbs increased last month. On the other hand, 6 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

  • Rents did not increase in any of the Charlotte suburbs

  • Rent decreased in Concord, NC, Monroe, NC, Rock Hill, SC, Gastonia, NC, Kannapolis, NC, Matthews, NC.

  • 3 suburbs are currently priced higher than the city of Charlotte.

  • 3 suburbs are currently priced lower than the city of Charlotte.

March 2023 Pricing Trends: Charlotte vs. National Comparisons

Charlotte Rent Prices More Affordable Than Major Cities

Rent growth in Charlotte over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Charlotte average rent prices appear to be relatively affordable for local residents.

The price for a Charlotte one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Charlotte and surrounding area rent prices, take a look at the complete data set below.

Data set for Charlotte and suburbs

1 BR March 1 BR M/M % Change 2 BR March 2 BR M/M % Change
Charlotte, NC $1,375.0 -1.36% $1,632.0 -0.37%
Concord, NC $1,333.0 -2.34% $1,484.0 -0.34%
Monroe, NC $1,369.0 -2.00% $1,713.0 -0.87%
Rock Hill, SC $1,351.0 -1.96% $1,554.0 -1.40%
Gastonia, NC $1,103.0 0.00% $1,146.0 3.06%
Kannapolis, NC $1,377.0 -4.71% $1,468.0 -3.86%
Matthews, NC $1,750.0 -3.79% $2,145.0 -4.92%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.