Apartments in Westerly Hills Charlotte

Charlotte:
November Rent Report

Welcome to the November 2024 Charlotte Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the November 2024 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.

November Prices: Charlotte vs. Surrounding Areas

Rent Prices in Charlotte and Surrounding Areas

Rent prices have increased 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 5 of the Charlotte suburbs increased last month. On the other hand, 2 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

• Rent increased in Rock Hill, SC, Concord, NC, Gastonia, NC, Huntersville, NC, Waxhaw, NC .

• Rent decreased in Matthews, NC, Mooresville, NC.

• 1 suburb is currently priced higher than the city of Charlotte.

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

Data set for Charlotte and suburbs

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.