Uncover the uncommon. The Penrose welcomes you to a distinctive sanctuary where you can find yourself and lose yourself in the industrial charm and culture of Charlotte’s blooming South End neighborhood. Our collection of studio, 1- and 2-bedroom apartment homes offers thoughtfully sourced features and carefully curated amenities tailored to your lifestyle. With nearby access to the Charlotte Rail Trail, The Penrose is moments from local shops, gathering spots, gallery walks, local history and South End shopping and dining.
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Penrose by bedroom type below.
Studio
Suggested income:
$64,900
per year
1 Bedroom
Suggested income:
$71,200
per year
2 Bedroom
Suggested income:
$107,500
per year
Rent report
Penrose Rent vs. Charlotte Average
Penrose
Charlotte Average
Studio
$1,803
$1,490
$0
$600
$1,200
$1,800
$2,400
1BR
$1,979
$1,306
$0
$650
$1,300
$1,950
$2,600
2BR
$2,985
$1,689
$0
$1,000
$2,000
$3,000
$4,000
Penrose is asking 21%
more than the average studio apartment in
Charlotte.
If you upsized to an average priced Charlotte 1 bedroom apartment, you would pay
14% less per month.
Penrose provides 2%
less square footage than the average
Charlotte studio apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
Penrose
Studio
$1,803
$3.10
$5,409
1BR
$1,979
$2.80
$5,936
2BR
$2,985
$2.80
$8,956
Charlotte Average
Studio
$1,490
$2.50
$4,469
1BR
$1,306
$1.60
$3,919
2BR
$1,689
$1.60
$5,068
3BR
$2,170
$1.40
$6,510
4BR
$2,516
$1.10
$7,547
Availability in Charlotte
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 1,385 2BR
units on the market in Charlotte. If you're looking to negotiate, this may be your best option.
Novant Hospital Charlotte Orthopedic Hospital2.35 mi.
Nearby Fire Stations
NameDistance
Steele Creek Volunteer Fire Department And Rescue Services1.65 mi.
Charlotte Fire Department2.64 mi.
Charlotte Volunteer Fire Department5.7 mi.
FAQs
Is this property currently leasing units?
Yes. There are 22 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 22 units vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 574 to 1,124 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,803 to $3,203. Penrose has studio units available starting at $1,803, 1 bedroom units available starting at $1,851, and 2 bedroom units available starting at $2,805.
Where is this property located?
This property is at 327 West Tremont Avenue in Charlotte, NC. It's 1.6 miles west from the center of Charlotte.