New Data: Comparing Urban v. Suburban Rent Growth in Charlotte Metro

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Charlotte Stories
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For the first time since the start of the pandemic, rents are down year-over-year in most parts of the country. But many suburban communities, which experienced dramatic rent inflation over the past couple years, are seeing little relief.
The latest report from Apartment List compares pandemic-era rent growth in central cities vs. suburbs, highlighting the affordability challenge that persists even as the rental market cools.
Nationwide since the start of the pandemic, suburban rent growth remains 8 percentage points higher than that of core cities. Rents in the Charlotte suburbs are up 36% since last March, while in Charlotte proper they are up just 25%, giving the Queen City one of the highest suburban-urban rent growth gap in the nation at 10.5%.
Metropolitan Area Rent Growth, Core City Rent Growth, Suburbs Gap
Minneapolis, MN -4.1% 8.1% 12.2%
Charlotte, NC 25.3% 35.8% 10.5%
Indianapolis, IN 26.5% 36.5% 10.0%
Denver, CO 14.8% 24.7% 9.9%
San Diego, CA 29.5% 39.3% 9.8%
Boston, MA 13.4% 21.8% 8.4%
Kansas City, MO 18.6% 26.7% 8.1%
Salt Lake City, UT 21.4% 28.4% 6.9%
Houston, TX 12.2% 18.7% 6.5%
Baltimore, MD 18.1% 24.0% 6.0%