Welcome to the December 2023 Waxhaw Apartment Report. In this assessment of
the local rental market, Rentable data scientists and rental experts break down the
December 2023 key findings and figures for the Waxhaw rental landscape.
Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in
Waxhaw 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
Waxhaw average rent prices in the chart below.
Monthly Rent Report
$2,150
$1,610
$1,080
$540
$0
Jan. 2023
Feb. 2023
Mar. 2023
Apr. 2023
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
1 BR2 BR
Waxhaw Rent Prices Decrease From November to December
Waxhaw rent prices decreased over the last month. From November to December, the city experienced a -2.12% decrease for the price of a one-bedroom apartment. The rent price for a Waxhaw one-bedroom apartments currently stands at $1,434.0.
When we take a look at the two-bedroom comparison from November to December, Waxhaw experienced a 4.16% increase for the price of a two-bedroom apartment. The rent price for a Waxhaw two-bedroom apartments currently stands at $1,677.0.
December Prices: Waxhaw vs. Surrounding Areas
Rent Prices in Waxhaw and Surrounding Areas
Rent prices have decreased in Waxhaw 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 Waxhaw suburbs increased last month. On the other hand, 0 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 Waxhaw suburbs
Rents did not decrease in any of the Waxhaw suburbs.
December 2023 Pricing Trends: Waxhaw vs. National Comparisons
New York, NY
San Francisco, CA
Los Angeles, CA
Washington, DC
Chicago, IL
Columbus, OH
Minneapolis, MN
Pittsburgh, PA
$3,979
$3,033
$2,428
$2,364
$1,813
$1,338
$1,287
$1,100
$0
$1,300
$2,600
$3,900
$5,200
Median Rent
Waxhaw Rent Prices More Affordable Than Major Cities
Rent growth in Waxhaw over the past year has been
declining. When compared to major cities nearby, along
with some of the most expensive cities in the country, Waxhaw average rent prices appear to be
relatively affordable for local residents.
The price for a Waxhaw 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 Waxhaw and surrounding area rent prices, take a look at the complete data set below.
Data set for Waxhaw and suburbs
1 BR December
1 BR M/M % Change
2 BR December
2 BR M/M % Change
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.